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Venture Capital
aspenwoodvc.com

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Investments

280

Portfolio Exits

75

Funds

13

About Aspenwood Ventures

Aspenwood Ventures is a venture capital fund that invests exclusively in software companies.

Aspenwood Ventures Headquarter Location

50 Francisco St. Suite 450

San Francisco, California, 94133,

United States

415-979-9600

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Expert Collections containing Aspenwood Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Aspenwood Ventures in 1 Expert Collection, including Unicorns- Billion Dollar Startups.

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Unicorns- Billion Dollar Startups

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Latest Aspenwood Ventures News

Data-sharing platform Vendia raises $30M Series B

May 31, 2022

Vendia , a blockchain-based platform that makes it easier for businesses to share their code and data with partners across applications, platforms and clouds, today announced that it has raised a $30 million Series B round led by NewView Capital. Neotribe Ventures, Canvas Ventures, Sorenson Capital, Aspenwood Ventures and BMW iVentures also participated in this round, which brings the company’s total funding to $50 million. The company was founded by two AWS veterans: the inventor of AWS Lambda, Tim Wagner, and the former head of blockchain at AWS, Shruthi Rao. Since launching Vendia, the company added new customers like BMW, Aerotrax and Slalom , who use it to have a single source of truth for their multi-cloud data sharing with some of their partners. As Wagner noted, the company mostly focused on the financial services, travel and hospitality verticals so far, though with the new funding, it’ll likely look to expand to new verticals as well. Wagner also noted that the company recently launched a new product line around CRM data sharing and since the company is seeing a lot of traction around its file-sharing capabilities, it is also investing in that as well. Currently, Vendia supports AWS and the team recently launched Azure support as well. Support for the Google Cloud Platform is on the roadmap, in addition to the company’s ongoing work to allow its service to connect to an ever-growing number of services. The fact that it uses a blockchain to do so is somewhat secondary to this (and the company barely mentions it on its homepage), but it’s what allows the company to offer an immutable serverless ledger to its users to ensure data accuracy as well as provenance and traceability. Developers, meanwhile, won’t have to think about this blockchain part of the service as they only have to provide a JSON schema with the data model and Vendia will provide them with a GraphQL API to work with this data. Image Credits: Vendia “At the end of the day, our customers have real problems,” Wagner said. “They don’t have a blockchain problem — they’re trying to sell tickets, settle financial transactions, track supply chains. They’ve got real challenges.” Once the team starts talking to a potential customer’s IT teams, the discussion quickly focuses on blockchains, though, and as Wagner noted, that often includes teaching them about things like immutability and lineage tracing. But for Vendia, the focus is very much on selling a solution to its customers’ problems. “For most of our customers, their core problem is that they have partners and they have problems with sharing data with control, but they don’t want to invest a lot into IT and infrastructure for it,” Rao added and also noted that in today’s job market, even big companies don’t have a lot of IT people sitting around who can take on new projects like this. Image Credits: Vendia “Next-gen blockchains like Vendia represent a powerful way to solve age-old supply chain challenges,” said David Bettenhausen, CEO at Aerotrax Technologies. “When connecting partners across the aviation, aerospace and defense supply chain, trust in accurate and verifiable data is paramount. The ability to deliver this trust at scale – with top-notch security and real-time data sharing in a cost-effective way – has made Vendia a critical component within our technology stack. With Vendia, we’ve been able to reinvent our business model to accommodate a frictionless customer onboarding experience and significantly reduced sales cycles.” The Vendia team tells me that the company currently has about 100 employees and the plan is to use the new funding to double that by the end of the year.

Aspenwood Ventures Investments

280 Investments

Aspenwood Ventures has made 280 investments. Their latest investment was in Amberdata as part of their Series B on May 5, 2022.

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Aspenwood Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/4/2022

Series B

Amberdata

$30M

No

6

4/5/2022

Series D

Clarify Health

$150M

No

3

12/20/2021

Series B

Vendia

$30M

No

2

9/17/2021

Series B

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$99M

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10

9/14/2021

Series A - II

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$99M

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10

Date

5/4/2022

4/5/2022

12/20/2021

9/17/2021

9/14/2021

Round

Series B

Series D

Series B

Series B

Series A - II

Company

Amberdata

Clarify Health

Vendia

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Amount

$30M

$150M

$30M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

6

3

2

10

10

Aspenwood Ventures Portfolio Exits

75 Portfolio Exits

Aspenwood Ventures has 75 portfolio exits. Their latest portfolio exit was Blissfully on February 23, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/23/2022

Acquired

$99M

1

10/28/2021

Acquired

$99M

7

8/2/2021

Acquired

$99M

2

3/23/2021

Acquired

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$99M

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10

1/14/2021

Acquired

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$99M

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10

Date

2/23/2022

10/28/2021

8/2/2021

3/23/2021

1/14/2021

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

1

7

2

10

10

Aspenwood Ventures Fund History

13 Fund Histories

Aspenwood Ventures has 13 funds, including Hummer Winblad Venture Partners VIII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/29/2020

Hummer Winblad Venture Partners VIII

1

3/12/2018

Hummer Winblad Venture Partners VII

Early-Stage Venture Capital

Open

$80.56M

3

1/10/2008

Hummer Winblad Venture Partners VI

Early-Stage Venture Capital

Closed

$198.67M

1

3/1/2001

Hummer Winblad Venture Partners V LP

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$99M

10

3/1/2001

Hummer Winblad Venture Partners V-A LP

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10

Closing Date

5/29/2020

3/12/2018

1/10/2008

3/1/2001

3/1/2001

Fund

Hummer Winblad Venture Partners VIII

Hummer Winblad Venture Partners VII

Hummer Winblad Venture Partners VI

Hummer Winblad Venture Partners V LP

Hummer Winblad Venture Partners V-A LP

Fund Type

Early-Stage Venture Capital

Early-Stage Venture Capital

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Status

Open

Closed

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Amount

$80.56M

$198.67M

$99M

Sources

1

3

1

10

10

Aspenwood Ventures Team

15 Team Members

Aspenwood Ventures has 15 team members, including current Chief Financial Officer, Ingrid Chiavacci.

Name

Work History

Title

Status

Ingrid Chiavacci

Chief Financial Officer

Current

Joanna Zesiger

Controller

Current

Ann L. Winblad

Founding Partner

Current

Mitchell E. Kertzman

Liberate Technologies, SAP - Digital Interconnect, and Powersoft

Managing Director

Current

Lars Leckie

Managing Director

Current

Name

Ingrid Chiavacci

Joanna Zesiger

Ann L. Winblad

Mitchell E. Kertzman

Lars Leckie

Work History

Liberate Technologies, SAP - Digital Interconnect, and Powersoft

Title

Chief Financial Officer

Controller

Founding Partner

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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