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Venture Capital
westlygroup.com

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Investments

104

Portfolio Exits

14

Funds

8

About Westly Group

The Westly Group is a clean technology-oriented venture capital firm located in Menlo Park, California. Its investments tend to be in later stage companies with existing revenue streams and proven technologies.

Westly Group Headquarter Location

2200 Sand Hill Road Suite 250

Menlo Park, California, 94025,

United States

650-275-7420

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Latest Westly Group News

Network Perception bags $13m Series A

May 5, 2022

May 05, 2022 Network Perception, a firm that specialises in securing operational technology assets with network segmentation verification and visualisation, has bagged $13m in a Series A. The funding round was led by The Westly Group and saw participation from Energy Impact Partners, Serra Ventures, Energy Foundry, Okapi Venture Capital and SaaS Venture Capital. Following this raise, Network has now raised a total of $15.7m. Network claims its NP-View platform – which was originally created by a government-funded research team – is designed to help organisations verify network segmentation and identify network vulnerabilities. The firm claims its platform is used by utilities for network access security to help them achieve compliance and strengthen cyber resilience. Network will use the funding to expand its commercial activities, expand into new markets, and accelerate go-to-market growth. Copyright © 2022 RegTech Analyst

Westly Group Investments

104 Investments

Westly Group has made 104 investments. Their latest investment was in Fictiv as part of their Series E on May 5, 2022.

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Westly Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/5/2022

Series E

Fictiv

$100M

Yes

2

4/28/2022

Series A

Network Perception

$13M

Yes

2

4/8/2022

Series B

Optimal Dynamics

$33M

No

3

1/26/2022

Series C - II

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$99M

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10

12/1/2021

Series C

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$99M

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10

Date

5/5/2022

4/28/2022

4/8/2022

1/26/2022

12/1/2021

Round

Series E

Series A

Series B

Series C - II

Series C

Company

Fictiv

Network Perception

Optimal Dynamics

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Amount

$100M

$13M

$33M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

2

2

3

10

10

Westly Group Portfolio Exits

14 Portfolio Exits

Westly Group has 14 portfolio exits. Their latest portfolio exit was SentinelOne on June 30, 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

6/30/2021

IPO

$99M

4

3/8/2021

Reverse Merger

$99M

4

12/3/2020

Reverse Merger

$99M

12

5/6/2020

Acquired

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10

10/23/2019

Acquired

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10

Date

6/30/2021

3/8/2021

12/3/2020

5/6/2020

10/23/2019

Exit

IPO

Reverse Merger

Reverse Merger

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

4

4

12

10

10

Westly Group Fund History

8 Fund Histories

Westly Group has 8 funds, including Westly Capital Partners Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/12/2022

Westly Capital Partners Fund IV

$300M

2

7/12/2018

Westly Capital Partners Fund III

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10

3/20/2013

Westly Capital Partners Fund II LP

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$99M

10

9/11/2009

Westly Group II

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$99M

10

1/31/2007

Westly Group I

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$99M

10

Closing Date

1/12/2022

7/12/2018

3/20/2013

9/11/2009

1/31/2007

Fund

Westly Capital Partners Fund IV

Westly Capital Partners Fund III

Westly Capital Partners Fund II LP

Westly Group II

Westly Group I

Fund Type

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Status

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Amount

$300M

$99M

$99M

$99M

Sources

2

10

10

10

10

Westly Group Team

5 Team Members

Westly Group has 5 team members, including current Managing Partner, Gary Dillabough.

Name

Work History

Title

Status

Gary Dillabough

Managing Partner

Current

Steve Westly

State of California, eBay, and Stanford University

Managing Partner

Current

Michael Dorsey

Managing Partner

Former

Lisa M Lambert

Managing Partner

Former

Lisa M Lambert

Managing Partner

Former

Name

Gary Dillabough

Steve Westly

Michael Dorsey

Lisa M Lambert

Lisa M Lambert

Work History

State of California, eBay, and Stanford University

Title

Managing Partner

Managing Partner

Managing Partner

Managing Partner

Managing Partner

Status

Current

Current

Former

Former

Former

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