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Office Locations:
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306 Cambridge Avenue
Palo Alto, CA 94306
Phone: 650-470-1400
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Information Technology
Software & Internet
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Formed in 2006, Tugboat Ventures launched its inaugural fund with more than $43 million in commitments from 13 investors. The firm was founded by David Whorton, a former general partner at Texas Pacific Group Ventures and an associate at Kleiner Perkins Caufield & Byers. Tugboat focuses on seed and early-stage ventures and emphasizes a mentoring relationship with venture companies. The vast majority of the firm's investments are incubation through Series A.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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COMPANY STAGE | REVENUE |
Venture Capital | |
Seed Stage (includes "pre-seed," or concept stage) | No Revenue |
Early Stage | Minimal Revenue |
Growth Stage (also called Mid-stage) | $2M-$7M |
Expansion Stage (also called Late-stage) | $7M and greater |
Private Equity | |
Lower Middle Market | $10M-$249M |
Middle Market | $250M-$499M |
Upper Middle Market | $500M-$1B |
Large Cap | >$1B |
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