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Venture Capital

Meritech Capital

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

Capital raised$3.4bnacross 10 SEC-filed vehicles
Most recent fund2022filing since 2014
HeadquartersUnited States
Largest single fund$1.1bn

SEC filings

What Meritech 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 filed10
Total capital raised$3.4bn
Largest single vehicle$1.1bn
Filing history2014 to 2022
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 Meritech 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 advised18 · $4.6bn gross
SEC adviser numberCRD 161233

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 Meritech Capital lists on its own website. No investment years are published.

CompanyInvestedYears heldRecorded transaction
Anaplan
Auth0
Avoca
Braze
Clay
Clickup
Coupa
Datadog
Datadoghq
Depthfirst
Duo
Fal
Filevine
Flocksafety
Framer
Gopigment
Huntress
Imperva
Jfrog
Looker
Meta
Mindrobotics
N8n
Netsuite
Openevidence
Owner
Pendo
Pennylane
Personio
Pigment
Proofpoint
Riverbed
Roblox
Salesforce
Segment
Serval
Snowflake
Tableau
Toss
Trueanomaly
Uipath
Veracode
Verkada
Wealthsimple
Withdavid

Compiled from Meritech 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×

The full software & internet picture - most active acquirers, recent transactions and every investor in the sector.

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Comparable investors

Similar mandates

Other venture capital investors active in software & internet.