The Westly Group

Founded 2007
Founders Steve Westly

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 86
Average round size
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The average size of a deal this fund participated in
$20M
Portfolio companies 31
Rounds per year 2.21
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.50
Exits 11
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity
Seed

Areas of investment

  • Analytics
  • Artificial Intelligence
  • E-Commerce
  • Renewable Energy
  • Software
Summary

The Westly Group appeared to be the VC, which was created in 2007. The venture was found in North America in United States. The main department of described VC is located in the Menlo Park.

The overall number of key employees were 1.

The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Among the most popular portfolio startups of the fund, we may highlight View, Planet, Enerkem. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. We can highlight the next thriving fund investment areas, such as Health Care, CleanTech.

The fund is constantly included in 2-6 deals per year. The increased amount of exits for fund were in 2019. Deals in the range of 10 - 50 millions dollars are the general things for fund. The real fund results show that this VC is 0 percentage points more often commits exit comparing to other companies. Opposing the other organizations, this The Westly Group works on 16 percentage points less the average amount of lead investments. The top activity for fund was in 2019.

The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the The Westly Group, startups are often financed by Kleiner Perkins, Claremont Creek Ventures, Braemar Energy Ventures. The meaningful sponsors for the fund in investment in the same round are DFJ, Sigma Partners, Claremont Creek Ventures. In the next rounds fund is usually obtained by DFJ, Collaborative Fund, Claremont Creek Ventures.

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

WeaveGrid

Automotive
Electric Vehicle
Renewable Energy
Software
Transportation
Early Stage Venture
15M20 May 2021 United States, San Francisco

Optimal Dynamics

Artificial Intelligence
Logistics
Machine Learning
Software
Early Stage Venture
18M13 May 2021 United States, New York

VIA

Analytics
Artificial Intelligence
Blockchain
Clean Energy
Energy
Machine Learning
Predictive Analytics
Software
Early Stage Venture
10M11 May 2021 United States, Somerville

Cleverciti

Apps
Parking
Sensor
Transportation
Early Stage Venture
5M14 Oct 2020 Germany, Munich

Aquicore

Commercial Real Estate
Energy Efficiency
Energy Management
Enterprise Software
Internet of Things
SaaS
Software
Venture - Series Unknown
14M29 Jul 2020 United States, Washington

Optimal Dynamics

Artificial Intelligence
Logistics
Machine Learning
Software
Seed
3M07 Jul 2020 United States, New York

SentinelOne

Artificial Intelligence
Cyber Security
Network Management Software
Network Security
Security
Late Stage Venture
200M19 Feb 2020 United States, Mountain View

Yerdle

E-Commerce
Marketing
Retail
Software
Late Stage Venture
20M26 Sep 2019 United States, " United States"}

T-REX

Financial Exchanges
Financial Services
FinTech
Renewable Energy
SaaS
Corporate Round
15M04 Sep 2019 United States, New York
News
Circulor Raises $14m Series A to Lead the Future of Sustainable Supply Chain Traceability
– Circulor, the leading provider of supply chain traceability and dynamic CO2 tracking, announced it has closed $14m in Series A funding to accelerate the company’s rapid growth. – The Westly Group led the round with participation from Salesforce Ventures, BHP Ventures, Future Positive Capital, 24Haymarket and Sky Ocean Ventures. – Existing investors in the company include Boeing HorizonX, Volvo Cars Technology Fund, Jaguar Land Rover’s CVC arm, InMotion Ventures, SYSTEMIQ, Plug and Play and TotalEnergies ... Read more
WeaveGrid Raises $15M Series A to Enable Widescale Adoption of EVs on the Electric Grid
– WeaveGrid, a developer of software solutions for the scalable deployment of electric vehicles (EVs) on the electric grid, announced $15M in Series A fundraising to enable its next stage of growth. – The round was led by Coatue with participation by Breakthrough Energy Ventures and existing investors The Westly Group, Grok Ventures, and several prominent angel investors including Ramez Naam and Josh Felser. – Automaker and government commitments are driving a radical transformation that will soon see millions o... Read more

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Top 20 VC funds in North America with the biggest sum of Seed Stage funding rounds in Mobile/Apps industry over the recent years
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