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Venture Capital

Leadout Capital

Leadout Capital backs early-stage and high-growth companies, typically pre-profit, from Portola Valley, United States. It states a focus on software & internet.

Disclosed holdings45
Most recent fund2021filing since 2018
HeadquartersPortola Valley, United States
Largest single fundNot stated

Stated investment criteria

What Leadout Capital says it buys

Read from Leadout Capital’s own website in August 2026. This is what the firm says it buys, not what anyone has recorded it buying, and figures are shown in the currency the firm itself used - nothing here is converted. Every line links to the page it was read from.

People listed on its team page41

A stated mandate is a firm’s description of itself and was true of the page on the day it was read; firms widen and narrow what they will look at without updating the site. The team figure counts the people the firm shows on one team page, so it is a floor rather than a headcount: firms that split their team across tabs or load it in pages will read low. Nothing here is a commitment by Leadout Capital to consider any particular business, and nothing on this page is represented as being for sale.

SEC filings

What Leadout Capital has raised

From this firm's own Form D filings. A fund files one within fifteen days of its first sale, under penalty of perjury, which makes these the hardest numbers on the page.

Vehicles filed2
Total capital raisedNot disclosed in filings
Largest single vehicleNot disclosed in filings
Filing history2018 to 2021
Smallest accepted commitmentNone stated
Filed fromCALIFORNIA

Form D covers US-domiciled vehicles raised from accredited investors. It will not capture a fund raised outside the United States, separately managed accounts, or capital deployed off balance sheet, so treat these as a floor rather than a total.

Regulatory record

How Leadout Capital is registered

From this firm's Form ADV, the annual filing every registered and exempt investment adviser makes to the SEC.

Adviser statusExempt reporting adviser
Regulatory assets under managementNot reported by an ERA
Private funds advised2 · $87m gross
SEC adviser numberCRD 302030

An exempt reporting adviser is not required to report regulatory assets under management, so the blank above means the question was not asked rather than that the answer is unknown. Where a figure exists it is the gross asset value of the private funds the firm advises, which is a different and usually larger measure.

Portfolio

Disclosed holdings

Companies Leadout Capital lists on its own website. 12 carry a stated investment year.

CompanyInvestedYears heldRecorded transaction
ENDVR20224
Expo20224
SYKY20224
Stellation Care20224
YourPath20224
Creatify AI20233
First Bite20233
Laws of Motion20233
Liferaft20233
Insito Health20242
Latii20242
Streamlane20242
AFi
Arc
AtoB
Axiom Cloud
Basis
BiggerPicture
BlockSpaces
Boh
Booksloth
CRS
Castro Labs
Centrly
Cloudsmith
Data Driven Bioscience
Human
Kraftful
LiSTR
Lovewick
Momentum
Near Space Labs
Pack
Pavilion
Pawscout
R-Zero
Reserve Trust
Ruby Money
SageLink
Series Financial
TeamLift
The Vendry
Tierra
Walrus
theCut

Compiled from Leadout Capital’s published portfolio page. Where a recorded transaction is shown, that company was the target of a reported deal and has most likely already been realised. Nothing here is represented as being for sale.

Valuation context

Transaction values in Software & Internet

What companies have actually sold for in software & internet, across 2,672 recorded transactions.

Median consideration$80m
Middle 50%$20m-$250m
Revenue multiple2.2×
EBITDA multiple10.9×

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.