Investments
327Portfolio Exits
85Funds
11About 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
Expert Collections containing Western Technology Investment
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Find Western Technology Investment in 1 Expert Collection, including 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
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.
Western Technology Investment Investments Activity
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 | |||||
2/22/2022 | Debt |
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 | ||
Amount | $29M | $8M | $9M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 1 | 2 |
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 | 2 | |||
3/2/2022 | Reverse Merger | 4 | |||
2/17/2022 | Acquired | 2 | |||
Date | 3/8/2022 | 3/2/2022 | 2/17/2022 | ||
---|---|---|---|---|---|
Exit | Acq - Pending | Reverse Merger | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 4 | 2 |
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 | ||||
5/28/2004 | Venture Lending & Leasing IV LLC |
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 | ||
Status | Closed | Closed | Closed | ||
Amount | $375M | $294M | |||
Sources | 1 | 1 | 1 |
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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