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Venture Capital
FINANCE | Investment Firms & Funds
sozo.ventures

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Investments

42

Portfolio Exits

8

Funds

5

Service Providers

2

About Sozo Ventures

Sozo Ventures is a cross-border venture fund focusing on assisting US-based technology start-ups with global expansion into Asia. In addition to investing, it directly helps with the expansion strategy and cross-border business development, connecting startups to top-tier brands in Japan and Asia that can either become customers or strategic partners to make entry into the market successful.

Sozo Ventures Headquarter Location

900 Veterans Blvd. Suite 330

Redwood City, California, 94063,

United States

408-892-3401

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Sozo Ventures Web Traffic

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Latest Sozo Ventures News

Stord adds $120 million to series D venture round for warehousing, freight & fulfillment platform

May 11, 2022

The seven-year-old, Atlanta-based startup has now raised $325 million in total funding and achieved a valuation of $1.3 billion. The “series D extension” round was led by Franklin Templeton and follows an original “series D” round of $90 million in 2021 that included participation from new investors Sozo Ventures, Strike Capital and 137 Ventures, along with existing investors Kleiner Perkins, Founders Fund, BOND, Susa Ventures, Dynamo Ventures, Lux Capital, and Salesforce Ventures. Stord says its platform levels the playing field for mid-market and enterprise companies, as ongoing supply chain disruptions impact the entire global economy. In pursuit of that goal, the company in the past six months has increased its warehouse network to more than 1,000 facilities across the U.S. and grown its headcount from 400 to over 700 people, with plans to close 2022 with more than 1,000 employees. "Supply chain infrastructure has yet to evolve to meet today's customer expectations or the complex needs of omnichannel business," Robert Stevenson, co-director of private investing with Franklin Equity Group at Franklin Templeton, said in a release. "The many supply chain challenges of the past few years have exacerbated this situation, exposing the fragmentation and rigidity of traditional supply chains. Stord connects physical supply chain infrastructure and services with cloud software, and opens up the power of world-class logistics as a scalable plug and play utility for growing brands." In further support for fulfillment and delivery networks, investors today also provided $76 million of venture capital for the same-day freight company Mothership . The Austin, Texas-based firm now intends to use the capital to expand its on-demand freight platform nationwide, thanks to the new backing from Benchmark, WestCap, Bow Capital, former Con-way Freight CEO Douglas Stotlar, and others. “The last two years have taught us the importance of the supply chain. I believe Mothership is leveraging technology and a marketplace model to have a bigger impact for consumers and carriers in the short-haul and final mile,” Benchmark General Partner Bill Gurley said in a release. “In the ongoing great logistics reshuffling, Mothership is built to help get things done in an increasingly on-demand world.”

Sozo Ventures Investments

42 Investments

Sozo Ventures has made 42 investments. Their latest investment was in STORD as part of their Series D - II on May 5, 2022.

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Sozo Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/10/2022

Series D - II

STORD

$120M

Yes

2

4/7/2022

Series D

Viz.ai

$100M

Yes

3

4/6/2022

Series B

SmartHop

$30M

Yes

3

3/7/2022

Series A

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$99M

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10

2/9/2022

Series B

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$99M

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10

Date

5/10/2022

4/7/2022

4/6/2022

3/7/2022

2/9/2022

Round

Series D - II

Series D

Series B

Series A

Series B

Company

STORD

Viz.ai

SmartHop

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Amount

$120M

$100M

$30M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

3

3

10

10

Sozo Ventures Portfolio Exits

8 Portfolio Exits

Sozo Ventures has 8 portfolio exits. Their latest portfolio exit was Chorus.ai on July 13, 2021.

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

7/13/2021

Acquired

$99M

15

4/14/2021

IPO

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$99M

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10

9/30/2020

IPO

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$99M

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10

5/23/2019

Acquired

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$99M

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10

5/17/2019

IPO

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10

Date

7/13/2021

4/14/2021

9/30/2020

5/23/2019

5/17/2019

Exit

Acquired

IPO

IPO

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

15

10

10

10

10

Sozo Ventures Fund History

5 Fund Histories

Sozo Ventures has 5 funds, including Sozo Ventures Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/11/2022

Sozo Ventures Fund III

$592.4M

3

2/1/2016

Sozo Ventures - TrueBridge Fund II

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$99M

10

3/27/2015

Sozo Ventures - TrueBridge Fund I

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$99M

10

6/5/2014

Sozo Feeder Fund

$99M

10

Sozo Ventures II-S

10

Closing Date

1/11/2022

2/1/2016

3/27/2015

6/5/2014

Fund

Sozo Ventures Fund III

Sozo Ventures - TrueBridge Fund II

Sozo Ventures - TrueBridge Fund I

Sozo Feeder Fund

Sozo Ventures II-S

Fund Type

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Status

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Amount

$592.4M

$99M

$99M

$99M

Sources

3

10

10

10

10

Sozo Ventures Service Providers

2 Service Providers

Sozo Ventures has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

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Service Provider

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Associated Rounds

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Sozo Ventures Team

4 Team Members

Sozo Ventures has 4 team members, including current Managing Director, Spencer Foust.

Name

Work History

Title

Status

Spencer Foust

Apple, and Sandia National Laboratories

Managing Director

Current

Hiroki Matsuda

Managing Director

Current

Phil Wickham

TL Ventures, Icon Ventures, and Flagship Ventures

Managing Director

Current

Michael Madison

The Angels' Forum

Managing Director

Former

Name

Spencer Foust

Hiroki Matsuda

Phil Wickham

Michael Madison

Work History

Apple, and Sandia National Laboratories

TL Ventures, Icon Ventures, and Flagship Ventures

The Angels' Forum

Title

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Former

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