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Princeville Capital

North America, California, United States, San Francisco

Description

Princeville Capital is a San Francisco-based investment firm specializing in global growth equity investments, primarily targeting rapidly-growing technology companies. Established in 2015, the firm distinguishes itself through its dual investment strategies: Princeville Global, which focuses on a broad spectrum of technology sectors, and Princeville Climate Technology, dedicated to innovative solutions addressing climate change. Their approach involves backing companies that have already demonstrated significant revenue traction and possess proven business models, often participating in Series B, C, or later funding rounds.

The firm's investment philosophy centers on identifying and supporting companies poised for substantial expansion in global markets. They seek out businesses with strong unit economics and a clear path to market leadership. Princeville Capital typically invests in a diverse array of technology sub-sectors, including enterprise software, internet services, fintech, artificial intelligence, and, through its specialized fund, various climate technology verticals such as renewable energy, sustainable mobility, and circular economy solutions. Their global mandate allows them to identify promising opportunities across continents, leveraging their international presence.

Princeville Capital has successfully raised significant capital to deploy across its strategies. For instance, their Princeville Global Fund III closed in 2021 with $330 million in commitments, underscoring investor confidence in their core technology growth equity strategy. Following this, in 2022, they closed their Princeville Climate Technology Fund II at $150 million, further solidifying their commitment to environmental innovation. Across both strategies, the firm typically deploys initial investments ranging from $10 million to $50 million, providing substantial capital to fuel the growth of their portfolio companies. This flexible check size allows them to participate in a variety of growth-stage rounds, from significant minority stakes to leading investment syndicates.

Investor Profile

Princeville Capital has backed more than 20 startups, with 0 new investments in the last 12 months alone. The firm has led 6 rounds, about 30% of its total and boasts 3 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series D, Series Unknown, Series C rounds (top funding stages).
  • Majority of deals are located in United States, China, Germany.
  • Strong thematic focus on Information Technology, Energy, Cyber Security.
  • Typical check size: $10M – $50M.

Stage Focus

  • Series D (30%)
  • Series Unknown (20%)
  • Series C (15%)
  • Series E (15%)
  • Post Ipo Equity (5%)
  • Private Equity (5%)
  • Series F (5%)
  • Series B (5%)

Country Focus

  • United States (45%)
  • China (15%)
  • Germany (10%)
  • Australia (5%)
  • Chile (5%)
  • Turkey (5%)
  • Japan (5%)
  • France (5%)
  • Russian Federation (5%)

Industry Focus

  • Information Technology
  • Energy
  • Cyber Security
  • Software
  • E-commerce
  • Clean Energy
  • Oil And Gas
  • Security
  • Network Security
  • Artificial Intelligence (Ai)
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FAQ

Frequently Asked Questions

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

Who does Princeville Capital frequently co-invest with?

Fine Structure Venture
North America, Massachusetts, United States, Boston
Co-Investments: 2
Temasek Holdings
Asia, Central Region, Singapore, Singapore
Co-Investments: 2
Bosch Ventures
Europe, Baden-Wurttemberg, Germany, Stuttgart
Co-Investments: 2
TH
North America, Florida, United States, West Palm Beach
Co-Investments: 2
CPP Investments
North America, Ontario, Canada, Toronto
Co-Investments: 2
Chevron Technology Ventures
North America, Texas, United States, Houston
Co-Investments: 3
Activate Capital Partners
North America, California, United States, San Francisco
Co-Investments: 2
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 2
Lightrock
Europe, England, United Kingdom, London
Co-Investments: 2
Khosla Ventures
North America, California, United States, Menlo Park
Co-Investments: 3

Which angels does Princeville Capital often collaborate with?

Marcos Galperin
South America, Distrito Federal, Argentina, Buenos Aires
Shared Deals: 1
BG
North America, Washington, United States, Seattle
Shared Deals: 3

What are some of recent deals done by Princeville Capital?

Claroty

New York, New York, United States

Claroty is a cybersecurity company that provides solutions to protect infrastructure and industrial networks from cyber threats.

Cyber SecurityNetwork SecuritySecurity
Series UnknownJun 4, 2024
Global Data Solutions

Shanghai, Shanghai, China

Global Data Solutions designs, builds, and operates data centers in the People's Republic of China together with its subsidiaries.

Data CenterInformation TechnologyPrivate Social NetworkingSoftware
Post Ipo EquityMar 26, 2024
Amount Raised: $587,000,000
Claroty

New York, New York, United States

Claroty is a cybersecurity company that provides solutions to protect infrastructure and industrial networks from cyber threats.

Cyber SecurityNetwork SecuritySecurity
Series UnknownMar 6, 2024
Amount Raised: $100,000,000
InfluxData

San Francisco, California, United States

InfluxData is the creator of InfluxDB, an open source time series database and platform.

AnalyticsData VisualizationDatabaseInformation TechnologyInternet of Things
Series EFeb 8, 2023
Amount Raised: $51,000,000
Enpal

Berlin, Berlin, Germany

Enpal is a photovoltaics leasing firm that provides solar power systems for homeowners.

EnergyEnvironmental ConsultingRenewable EnergySolar
Series DJan 9, 2023
Amount Raised: $230,754,040
NotCo

Santiago, Region Metropolitana, Chile

NotCo is a food tech company that uses artificial intelligence to create food from plants.

Alternative ProteinArtificial Intelligence (AI)Food and BeverageFood Processing
Series DDec 12, 2022
Amount Raised: $70,000,000
Mainspring Energy

Menlo Park, California, United States

Mainspring Energy is engineering advanced technology by developing a prototype of a linear generator that converts fuel to electricity.

Clean EnergyEnergyOil and Gas
Series ESep 22, 2022
Amount Raised: $140,000,000
EcoVadis

Paris, Ile-de-France, France

EcoVadis offers a collaborative platform that allows companies to assess the environmental and social performance of their suppliers.

Information ServicesRisk ManagementSupply Chain ManagementSustainability
Series CJun 13, 2022
Amount Raised: $500,000,000
Mainspring Energy

Menlo Park, California, United States

Mainspring Energy is engineering advanced technology by developing a prototype of a linear generator that converts fuel to electricity.

Clean EnergyEnergyOil and Gas
Series EMay 24, 2022
Amount Raised: $150,000,000
Immutable Systems

Sydney, New South Wales, Australia

Immutable is a blockchain-based games platform that aims to introduce people to blockchain technology.

BlockchainCyber SecurityGamingSecuritySoftware
Series CMar 7, 2022
Amount Raised: $200,000,000