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westerntech.com

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Investments

327

Portfolio Exits

85

Funds

11

About Western Technology Investment

Founded in 1980, Western Technology Investment is a leading venture debt fund financing venture-backed companies in the technology, healthcare and cleantech industries.

Western Technology Investment Headquarter Location

104 La Mesa Drive Suite 102

Portola Valley, California, 94028,

United States

650-234-4300

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Expert Collections containing Western Technology Investment

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

Find Western Technology Investment in 1 Expert Collection, including Synthetic Biology.

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Synthetic Biology

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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

Nue Life Health Pulls In $23M

Apr 20, 2022

The round was led by Obvious Ventures, as well as additional venture debt financing from Western Technology Investment, for a total funding of $23M. Founded in 2021, Nue Life offers an integrated therapeutic ecosystem of ketamine therapy, an interactive companion app, and virtual aftercare programs that have proven to effectively treat the root causes of mental health issues, even among treatment-resistant patients. The equity financing also included a number of existing and new mission-aligned investors including MAGIC Fund, Myelin VC, Palm Drive Capital, certain Getty family investors, Jon Oringer, founder and executive chairman of Shutterstock, Brent L. Saunders, chairman of Vesper Healthcare and former chairman and president of Allergan, and Andrey Ostrovsky, MD, who also joins Nue Life's advisory board. Dr. Ostrovsky brings a wealth of experience in medical innovation and clinical expertise as the former chief medical officer of the U.S. Medicaid program and the managing partner at Social Innovation Ventures, which is dedicated to eliminating healthcare disparities. Nue Life Health is a comprehensive telehealth platform that strengthens and improves mental wellness by enhancing brain function, performance, and longevity through innovative, evidence-based therapies. Launched in 2021, the company currently offers at-home ketamine therapy, virtual integration groups, and individual health coaching, easily accessible via telemedicine in California, Colorado, Florida, Washington, New York, and Texas. Nue Life will offer services in Georgia and Massachusetts in April and an additional 20 states by the end of 2022. (c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page.

Western Technology Investment Investments

327 Investments

Western Technology Investment has made 327 investments. Their latest investment was in Copper as part of their Series A on April 4, 2022.

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Western Technology Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/26/2022

Series A

Copper

$29M

No

3

4/19/2022

Debt

NUE Life Health

$8M

Yes

1

3/11/2022

Series A

BriteCo

$9M

Yes

2

3/8/2022

Series B

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$99M

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10

2/22/2022

Debt

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$99M

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10

Date

4/26/2022

4/19/2022

3/11/2022

3/8/2022

2/22/2022

Round

Series A

Debt

Series A

Series B

Debt

Company

Copper

NUE Life Health

BriteCo

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Amount

$29M

$8M

$9M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

3

1

2

10

10

Western Technology Investment Portfolio Exits

85 Portfolio Exits

Western Technology Investment has 85 portfolio exits. Their latest portfolio exit was LanzaTech on March 08, 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

3/8/2022

Acq - Pending

$99M

2

3/2/2022

Reverse Merger

$99M

4

2/17/2022

Acquired

2

1/12/2022

Acq - Pending

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10

12/8/2021

Reverse Merger

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$99M

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10

Date

3/8/2022

3/2/2022

2/17/2022

1/12/2022

12/8/2021

Exit

Acq - Pending

Reverse Merger

Acquired

Acq - Pending

Reverse Merger

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

2

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

Martin D Eng

Chief Financial Officer

Current

David Wanek

Investment Partner

Current

Name

Maurice Werdegar

Martin D Eng

David Wanek

Work History

Blue Chalk Cafe, and RS&Co.

Title

Chief Executive Officer

Chief Financial Officer

Investment Partner

Status

Current

Current

Current

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