PivotNorth Capital logo

PivotNorth Capital

North America, California, United States, Menlo Park

Description

PivotNorth Capital is a Menlo Park-based venture capital firm established in 2013, specializing in early-stage investments within the enterprise software sector. The firm primarily targets Seed and Series A rounds, focusing on companies that are building the next generation of B2B software solutions. Their investment thesis centers on areas such as SaaS, cloud infrastructure, artificial intelligence, and machine learning, seeking out innovative technologies that address critical business needs.

The firm distinguishes itself through a deep understanding of the enterprise software landscape, leveraging the extensive operational and investment experience of its founding partners, Tim McAdam and David Chase. They are known for their hands-on approach, providing strategic guidance and leveraging their network to support portfolio companies through critical growth phases. PivotNorth Capital aims to be a lead or co-lead investor, actively partnering with founders from the earliest stages to help scale their businesses and achieve market leadership.

PivotNorth Capital has built a robust portfolio of over 40 investments, demonstrating a strong track record of identifying and nurturing promising enterprise technology companies. Notable successes include Apptio, which went public, and Gainsight and UserTesting, both of which achieved successful acquisitions. Their typical initial investment ranges from $1,000,000 for Seed rounds up to $10,000,000 for Series A, reflecting their commitment to providing substantial early capital to high-potential ventures. This focused strategy and experienced team position PivotNorth Capital as a significant player in the Silicon Valley early-stage enterprise software investment ecosystem.

Investor Profile

PivotNorth Capital has backed more than 63 startups, with 2 new investments in the last 12 months alone. The firm has led 21 rounds, about 33% of its total and boasts 11 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States.
  • Strong thematic focus on Software, E-Commerce, SaaS.
  • Led 2 rounds in the past year.
  • Typical check size: $1M – $10M.

Stage Focus

  • Seed (38%)
  • Series A (22%)
  • Series Unknown (11%)
  • Series B (10%)
  • Pre Seed (8%)
  • Series C (6%)
  • Convertible Note (2%)
  • Angel (2%)
  • Series E (2%)

Country Focus

  • United States (100%)

Industry Focus

  • Software
  • E-commerce
  • Saas
  • Delivery
  • Artificial Intelligence (Ai)
  • Analytics
  • Marketplace
  • Machine Learning
  • Mobile
  • Internet
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does PivotNorth Capital frequently co-invest with?

Vulcan Capital
North America, Washington, United States, Seattle
Co-Investments: 4
Darling Ventures
North America, California, United States, San Francisco
Co-Investments: 4
Baseline Ventures
North America, Wyoming, United States, Jackson
Co-Investments: 5
Correlation Ventures
North America, California, United States, San Diego
Co-Investments: 3
Unilever Ventures
Europe, England, United Kingdom, London
Co-Investments: 3
Cendana Capital
North America, California, United States, San Francisco
Co-Investments: 3
Uncork Capital
North America, California, United States, San Francisco
Co-Investments: 4
Accolade Partners
North America, District of Columbia, United States, Washington
Co-Investments: 3
Relevance Ventures (formerly Relevance Capital)
North America, Tennessee, United States, Brentwood
Co-Investments: 5
Tuesday Capital
North America, California, United States, San Francisco
Co-Investments: 4

Which angels does PivotNorth Capital often collaborate with?

Shared Deals: 1
Shared Deals: 1
GR
North America, California, United States, San Francisco
Shared Deals: 2
BR
North America, California, United States, Newport Beach
Shared Deals: 1
AS
North America, Texas, United States, Austin
Shared Deals: 1
Shared Deals: 1
DB
North America, California, United States, Salinas
Shared Deals: 1
IP
North America, California, United States, San Francisco
Shared Deals: 1
DA
North America, California, United States, Menlo Park
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by PivotNorth Capital?

Yelo

South Bend, Indiana, United States

The first social ride network.

MarketplaceSocial NetworkSoftware
Pre SeedOct 24, 2024
Amount Raised: $700,000
FutureAI

San Francisco, California, United States

Generative application architecture and platform for developers to build with generative personalization.

SeedSep 17, 2024
Amount Raised: $5,800,000
Accredible

Mountain View, California, United States

Accredible provides a digital badge and certificate platform.

E-LearningEdTechEducationSoftware
Series BSep 28, 2023
Desi

South Bend, Indiana, United States

A platform exclusive to your college community. No strangers. No surge.

MarketplaceSoftware
Pre SeedSep 14, 2023
Amount Raised: $300,000
MOGL

Royal Palm Beach, Florida, United States

MOGL is a marketplace for athletes and brands that connects brands with college athletes.

AdvertisingAffiliate MarketingBrand MarketingMarketingMarketplaceSoftware
SeedMar 23, 2023
Amount Raised: $2,600,000
Cass AI

San Francisco, California, United States

Vertical generative AI coaching chat SaaS startup: made ChatGPT safe for our 39 enterprise customers.

Artificial Intelligence (AI)ChatbotGenerative AIHealth CareMarketing AutomationNatural Language Processing
SeedOct 7, 2022
Amount Raised: $4,600,000
Ethically

San Francisco, California, United States

Ethically is a product recommendation assistant for the next generation of consumers

ComputerSoftwareSustainability
Pre SeedApr 20, 2022
Amount Raised: $1,200,000
Darkstore

San Francisco, California, United States

At Darkstore we build technology to power large scale micro fulfillment and instant delivery logistics.

DeliveryLogisticsMobileRetailShipping
Series ADec 7, 2021
Amount Raised: $50,000,000
Ombre

San Francisco, California, United States

Ombre is a provider of a microbiome testing kit designed to incorporate personalized probiotics and microbiome testing.

Dietary SupplementsHealth CareWellness
SeedNov 1, 2021
Amount Raised: $3,000,000
Viakoo

Mountain View, California, United States

Vulnerability management for unmanaged & IoT Devices; firmware patching, certificate management, password enforcement, and service assurance

Cloud Data ServicesCyber SecurityInternet of ThingsIT InfrastructurePhysical SecuritySaaSSecurity
Series AOct 28, 2021
Amount Raised: $10,000,000