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Debt & Specialty Finance
FINANCE | Investment Firms & Funds
westerntech.com

Investments

350

Portfolio Exits

84

Funds

11

About Western Technology Investment

Western Technology Investment (WTI) is an investment firm that focuses on providing secured financing to early-stage and emerging-stage life sciences and technology companies. The company's investment team includes former entrepreneurs, operators, and venture investors that provide insight into the analysis of prospective transactions. Western Technology Investment was founded in 1980 and is based in Portola Valley, California. In August 2022, Western Technology Investment was acquired by P10. The terms of the transaction were not disclosed.

Headquarters Location

104 La Mesa Drive Suite 102

Portola Valley, California, 94028,

United States

650-234-4300

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Research containing Western Technology Investment

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CB Insights Intelligence Analysts have mentioned Western Technology Investment in 1 CB Insights research brief, most recently on Mar 17, 2021.

Latest Western Technology Investment News

Cybersecurity Startup Lucideus Raises $7 Million

Dec 22, 2022

Cybersecurity startup Lucideus has raised $7 million in a funding round led by California-based MS&AD Ventures, along with participation by venture capital firm Western Technology Investment. The company is expected to use the funds to ramp up operations in the United States, double engineering and sales teams in the next three months and scale up the company’s platform - Security Assessment Framework for Enterprises (SAFE) - which helps businesses measure and mitigate cyber-risks in real-time. “Last year, we had a triple digit revenue growth with a net promoter score (NPS) of 86, and we intend to continue growing at this pace next year. With this intent, we feel this new round of investment has a strategic overlap for our platform to reach out to a larger audience across the world, while continuing to strengthen our leadership across Asia.” says Saket Modi, Co-founder & CEO of Lucideus The company said it will use the fresh capital infusion to ramp up its operations in the US, double engineering and sales teams in the next three months, and scale up the company’s platform - Security Assessment Framework for Enterprises (SAFE), a real-time cybersecurity assessment (a number between 0-5) and monitoring platform for enterprises. The product integrates with the existing technology stack to provide a real-time cyber-risk assessment at a macro level across the organisation. This can be broken down into micro-level scoring individually for each asset. The global cybersecurity market size is forecast to grow to about $248 billion by 2023, according to research firm Statista, although funding in the space has been comparatively lower. “Cybersecurity is one of the top concerns for CEOs globally and SAFE is at the epicenter of solving this problem. Cyber Risk Quantification (CRQ) is a disruptive new category and will become a strategic business enabler in the near future,” said Chambers, who is the founder and CEO of JC2 Ventures, a venture capital firm. Share this article:

Western Technology Investment Investments

350 Investments

Western Technology Investment has made 350 investments. Their latest investment was in Airspeed as part of their Line of Credit on May 5, 2023.

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Western Technology Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/4/2023

Line of Credit

Airspeed

$2.5M

Yes

3

4/1/2023

Debt

SISU Aesthetics Clinic

$2.5M

Yes

1

1/16/2023

Series A

Locad

$11M

Yes

33

12/15/2022

Seed VC

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$99M

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10

12/2/2022

Debt

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$99M

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10

Date

5/4/2023

4/1/2023

1/16/2023

12/15/2022

12/2/2022

Round

Line of Credit

Debt

Series A

Seed VC

Debt

Company

Airspeed

SISU Aesthetics Clinic

Locad

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Amount

$2.5M

$2.5M

$11M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

1

33

10

10

Western Technology Investment Portfolio Exits

84 Portfolio Exits

Western Technology Investment has 84 portfolio exits. Their latest portfolio exit was LanzaTech on February 09, 2023.

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

2/9/2023

Reverse Merger

$99M

4

3/2/2022

Reverse Merger

$99M

4

2/17/2022

Acquired

$99M

2

1/12/2022

Acq - Pending

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$99M

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10

12/8/2021

Reverse Merger

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$99M

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10

Date

2/9/2023

3/2/2022

2/17/2022

1/12/2022

12/8/2021

Exit

Reverse Merger

Reverse Merger

Acquired

Acq - Pending

Reverse Merger

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

4

4

2

10

10

Western Technology Investment Fund History

11 Fund Histories

Western Technology Investment has 11 funds, including WTI Equity Opportunity Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2016

WTI Equity Opportunity Fund I

Venture Leasing

Closed

1

1/9/2013

Venture Lending & Leasing VII LLC

Venture Leasing

Closed

$375M

1

8/13/2010

Venture Lending & Leasing VI LLC

Venture Leasing

Closed

$294M

1

3/31/2007

Venture Lending & Leasing V LLC

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$99M

10

5/28/2004

Venture Lending & Leasing IV LLC

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$99M

10

Closing Date

12/31/2016

1/9/2013

8/13/2010

3/31/2007

5/28/2004

Fund

WTI Equity Opportunity Fund I

Venture Lending & Leasing VII LLC

Venture Lending & Leasing VI LLC

Venture Lending & Leasing V LLC

Venture Lending & Leasing IV LLC

Fund Type

Venture Leasing

Venture Leasing

Venture Leasing

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Status

Closed

Closed

Closed

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Amount

$375M

$294M

$99M

$99M

Sources

1

1

1

10

10

Western Technology Investment Team

3 Team Members

Western Technology Investment has 3 team members, including current Chief Executive Officer, Maurice Werdegar.

Name

Work History

Title

Status

Maurice Werdegar

Blue Chalk Cafe, and RS&Co.

Chief Executive Officer

Current

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Name

Maurice Werdegar

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Work History

Blue Chalk Cafe, and RS&Co.

Title

Chief Executive Officer

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Status

Current

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