Engineering Capital

Engineering Capital is a Palo Alto-based venture capital firm specializing in early-stage investments within the enterprise software sector. Founded by Ashmeet Sidana, a seasoned technologist and former venture partner at Foundation Capital, the firm distinguishes itself by partnering with entrepreneurs driven by profound technical insights, often at a stage preceding the involvement of more traditional venture capital firms. Their investment thesis centers on identifying companies that leverage deep engineering and innovative technology to solve complex problems for businesses.

The firm's investment strategy primarily targets Seed and Series A rounds, where they typically deploy initial checks ranging from $1 million to $3 million. Engineering Capital prides itself on its ability to conduct thorough technical diligence, allowing them to back companies with strong foundational technology even when their market traction might still be nascent. This approach enables them to often lead or co-lead early funding rounds, providing significant strategic and operational support to their portfolio companies as they scale.

Engineering Capital has consistently grown its capital base, reflecting its commitment to its specialized investment focus. The firm successfully closed its fourth fund, Engineering Capital IV, in October 2023, raising $100 million. This latest fund brings their total assets under management across all four funds to approximately $272 million, demonstrating a steady increase in their capacity to support promising enterprise software startups. Their portfolio includes companies developing solutions in areas such as cloud infrastructure, data management, and developer tools, all underpinned by a strong emphasis on engineering excellence.