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Venture Capital
pinnacleventures.com

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Investments

107

Portfolio Exits

38

Funds

10

About Pinnacle Ventures

Pinnacle Ventures is a private venture capital fund focused on providing debt and equity financing to early-stage companies across information technology, cleantech and healthcare.

Pinnacle Ventures Headquarter Location

480 S. California Ave Suite 104

Palo Alto, California, 94306,

United States

650-926-7800

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Expert Collections containing Pinnacle Ventures

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

Find Pinnacle Ventures in 1 Expert Collection, including Synthetic Biology.

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Synthetic Biology

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Latest Pinnacle Ventures News

Pinnacle Ventures Announces First Investment in Innovative HVAC Startup, SmartAC.com

Dec 15, 2020

| Source: Pinnacle; Pinnacle Ventures, SmartAC.com photo-release Investment Marks First Investment for Pinnacle Ventures Investment focuses on improving the reliability of HVAC space through predictive analytics PASADENA, Texas, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Pinnacle Ventures, a corporate venture fund created by Pinnacle and the only fund to focus on data-driven reliability, announces their investment in SmartAC.com, a member-based technology platform that monitors the health of air conditioning systems. The deal, which marks Pinnacle Ventures’ first investment, will help SmartAC.com expand their service offerings to homeowners and top-level HVAC service providers. “Pinnacle exists to make the world reliable through a data-driven approach, and SmartAC.com fits right in the middle of our Pinnacle Ventures mandate,” said Nathanael Ince, vice president of business development at Pinnacle. “SmartAC.com is focused on disrupting the HVAC space through advanced predictive analytics, and we’re excited to help fuel their next level of success.” SmartAC.com was originally created to help homeowners and HVAC services providers recognize the full value of their air conditioning systems. The platform conducts daily health checks on air conditioning units and leverages specific asset data with machine learning algorithms to predict potential failures and detect system abnormalities before they occur. Users can easily access their unit’s real-time health information through a smartphone app. "We are excited to have Pinnacle Ventures invest in our company and to have Ryan Sitton, founder and CEO of Pinnacle, join our board,” said Josh Teekell, founder and CEO of SmartAC.com. “The capital provided by Pinnacle Ventures will help us accelerate the growth required to meet our customer demand, which has scaled quickly since our launch in June. Additionally, this capital will help us power a new residential connected service economy for a $30 billion industry while offering our service partners a way to increase loyalty through improved transparency and customer experience. We’re very much aligned with Pinnacle Ventures’ focus on improving reliability through innovation and are confident that this investment will help us support our end users."   For more information about Pinnacle Ventures or to submit an application, visit pinnaclereliability.com/pinnacle-ventures . About Pinnacle Ventures Pinnacle Ventures is the corporate venture arm of Pinnacle, and is the only corporate venture fund focused on data-driven reliability. The $50 million fund was created to accelerate Pinnacle’s vision of making the world reliable. Pinnacle Ventures identifies innovative, industry-leading ideas and companies with disruptive potential and helps them achieve their next level of success through a potential investment of up to $5 million, industry-leading coaching, and a potential commercialization partnership with Pinnacle. For more information, visit pinnaclereliability.com/pinnacle-ventures/ . About SmartAC.com SmartAC.com is on a mission to transform air conditioner and heating (HVAC) ownership for homeowners by enabling customers to care for their systems more easily and affordably. Created by industry experts and powered by machine learning, the SmartAC.com platform is designed to track daily AC system performance from all angles to notify users of a potential issue or breakdown before it occurs. The SmartAC.com platform, which includes the SmartAC Hub, three universally compatible sensors, and the SmartAC.com app, enables customers to understand and control the factors that can lead to operational inefficiencies and premature AC system failure so they are not caught off guard by unexpectedly high bills. For more information, visit smartac.com/ . Contact: Brittany Kopech,

Pinnacle Ventures Investments

107 Investments

Pinnacle Ventures has made 107 investments. Their latest investment was in aJust as part of their Unattributed VC on May 5, 2022.

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Pinnacle Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/25/2022

Unattributed VC

aJust

$0.05M

Yes

1

11/17/2021

Series B

Corestack

$30M

Yes

35

12/15/2020

Series A - II

SmartAC.com

Yes

1

12/4/2020

Series D

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$99M

Subscribe to see more

10

2/5/2019

Series B

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$99M

Subscribe to see more

10

Date

5/25/2022

11/17/2021

12/15/2020

12/4/2020

2/5/2019

Round

Unattributed VC

Series B

Series A - II

Series D

Series B

Company

aJust

Corestack

SmartAC.com

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Amount

$0.05M

$30M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

35

1

10

10

Pinnacle Ventures Portfolio Exits

38 Portfolio Exits

Pinnacle Ventures has 38 portfolio exits. Their latest portfolio exit was Viajanet on May 06, 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

5/6/2022

Acquired

$99M

3

11/8/2021

Reverse Merger

$99M

10

9/14/2021

Acquired

$99M

1

8/25/2021

Acquired

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$99M

Subscribe to see more

10

2/16/2021

Acquired

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$99M

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10

Date

5/6/2022

11/8/2021

9/14/2021

8/25/2021

2/16/2021

Exit

Acquired

Reverse Merger

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

3

10

1

10

10

Pinnacle Ventures Fund History

10 Fund Histories

Pinnacle Ventures has 10 funds, including Pinnacle IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/21/2015

Pinnacle IV

Early-Stage Venture Capital

Closed

$59M

2

12/9/2008

Pinnacle Venture Debt Fund III LP

Early-Stage Venture Capital

Open

$107M

1

6/30/2008

Pinnacle Ventures Equity Fund II LP

Early-Stage Venture Capital

Open

$31M

1

7/31/2007

Pinnacle Ventures Equity I Fund LP

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$99M

10

1/1/2007

Pinnacle Ventures III LP

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$99M

10

Closing Date

12/21/2015

12/9/2008

6/30/2008

7/31/2007

1/1/2007

Fund

Pinnacle IV

Pinnacle Venture Debt Fund III LP

Pinnacle Ventures Equity Fund II LP

Pinnacle Ventures Equity I Fund LP

Pinnacle Ventures III LP

Fund Type

Early-Stage Venture Capital

Early-Stage Venture Capital

Early-Stage Venture Capital

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Subscribe to see more

Status

Closed

Open

Open

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Subscribe to see more

Amount

$59M

$107M

$31M

$99M

$99M

Sources

2

1

1

10

10

Pinnacle Ventures Team

4 Team Members

Pinnacle Ventures has 4 team members, including current Chief Financial Officer, Donal D. Delaney.

Name

Work History

Title

Status

Donal D. Delaney

Chief Financial Officer

Current

Robert N. Savoie

Chief Operating Officer

Current

Kenneth Pelowski

Managing Director

Current

Eric Chiu

Founder

Former

Name

Donal D. Delaney

Robert N. Savoie

Kenneth Pelowski

Eric Chiu

Work History

Title

Chief Financial Officer

Chief Operating Officer

Managing Director

Founder

Status

Current

Current

Current

Former

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