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The Westly Group

Founders Steve Westly

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Investments

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Total investments 102
Average round size
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The average size of a deal this fund participated in
$24M
Portfolio companies 50
Rounds per year 6.00
Lead investments 14
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.50
Exits 16
Key employees 1
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity
Seed

Areas of investment

  • Software
  • Analytics
  • Artificial Intelligence
  • Machine Learning
  • Renewable Energy
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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These funds often invest in the rounds preceeding the rounds of The Westly Group:
Typical Co-investors
The Westly Group is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after The Westly Group:

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Funds with similar focus located in United States:
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Funds with similar geography of portfolio companies:
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Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

ampcontrol.io

Artificial Intelligence
Electric Vehicle
Energy
Machine Learning
Power Grid
Smart Cities
Smart Home
$10M26 Jul 2023 New York, New York, United States

Topite

Home Improvement
$24M07 Jun 2023 Prague, Prague, Czechia

WeaveGrid

Automotive
Electric Vehicle
Machine Learning
Renewable Energy
Software
Transportation
$35M15 Nov 2022 San Francisco, California, United States

Topite

Home Improvement
$18M26 Sep 2022 Prague, Prague, Czechia

Circulor

Artificial Intelligence
Big Data
Blockchain
Logistics
Machine Learning
Risk Management
Supply Chain Management
$28M28 Jun 2022 London, England, United Kingdom

Network Perception

Analytics
Information Technology
Infrastructure
Network Security
Security
$13M02 May 2022 Chicago, Illinois, United States

Optimal Dynamics

Artificial Intelligence
Logistics
Machine Learning
Software
$33M14 Apr 2022 New York, New York, United States

T-REX

Financial Exchanges
Financial Services
FinTech
Renewable Energy
SaaS
$40M26 Jan 2022 New York, New York, United States

CyCognito

Cloud Security
Cyber Security
Information Technology
Network Security
$100M01 Dec 2021 Palo Alto, California, United States
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 Ventures.
– Steve Westly, Founder and Managing Partner of The Westly Group, will join the Circulor board.
– Circulor will use the investment to drive ongoing innovation and extend its presence in North America and Asia.

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 of new EVs charging across the United States. Electric utilities are in a leading position to benefit from accelerating EV adoption, but face risks as EV charging puts a tremendous new load on the grid.

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Total investments 102
Average round size 24M
Rounds per year 6.00
Peak activity year 2019
Lead investments 14
Follow on index 0.50
Exits 16
Group Appearance index 0.98

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

ampcontrol.io

Artificial Intelligence
Electric Vehicle
Energy
Machine Learning
Power Grid
Smart Cities
Smart Home
$10M26 Jul 2023 New York, New York, United States

Topite

Home Improvement
$24M07 Jun 2023 Prague, Prague, Czechia

WeaveGrid

Automotive
Electric Vehicle
Machine Learning
Renewable Energy
Software
Transportation
$35M15 Nov 2022 San Francisco, California, United States

Topite

Home Improvement
$18M26 Sep 2022 Prague, Prague, Czechia

Circulor

Artificial Intelligence
Big Data
Blockchain
Logistics
Machine Learning
Risk Management
Supply Chain Management
$28M28 Jun 2022 London, England, United Kingdom

Network Perception

Analytics
Information Technology
Infrastructure
Network Security
Security
$13M02 May 2022 Chicago, Illinois, United States

Optimal Dynamics

Artificial Intelligence
Logistics
Machine Learning
Software
$33M14 Apr 2022 New York, New York, United States

T-REX

Financial Exchanges
Financial Services
FinTech
Renewable Energy
SaaS
$40M26 Jan 2022 New York, New York, United States

CyCognito

Cloud Security
Cyber Security
Information Technology
Network Security
$100M01 Dec 2021 Palo Alto, California, United States
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