Aspenwood
Venture capitalSan Francisco Β· SeedβSeries A Β· 7 people tracked
Also known as HWVP MANAGEMENT COMPANY, L.L.C.
Investment thesis
Aspenwood invests as the first institutional capital in emerging software companies whose technology can change the landscape by orders of magnitude. The firm concentrates on a small, select group of outstanding companies so it can develop deep expertise in each one's technology and commit for the long term. Partners join the board and put the firm's full team, network, and ecosystem behind helping founders build and scale, with a founder-centric approach aimed at navigating early-stage 0-to-1 market dynamics. Its portfolio reflects a focus on SaaS, AI, blockchain, and 3D/e-commerce software.
Source: firm website, verified Aug 3, 2026.
Team Β· 7 people
from the firm's website & public directories
What they invest in
from 13 of 38 portfolio companiesEnterprise Software Γ9SaaS Γ7AI & Machine Learning Γ5Cloud Computing Γ4Cybersecurity Γ4Developer Tools Γ4IoT Γ2Marketing Tech Γ2
HQs:United StatesΓ14
Investments Β· 38 tracked
founders shown can be your intro pathParklad, US
Board seatLars LeckieΒ· per SEC Form D Β· $30M raise Β· filed May 2022
Software-defined compute platform enabling flexible server scaling at lower cost than traditional infrastructure
Campbell, US
Isaac R Nassi(Executive Officer, Director)Enrique Salem(Director)Lars Leckie(Director)Gary Smerdon(Executive Officer, Director)Fred Weber(Director)
Board seatLars LeckieΒ· per SEC Form D
WunderGraph Cosmo is an enterprise platform for building and running federated GraphQL supergraphs with governance, schema management, and real-time streaming capabilities.
Developer ToolsEnterprise SoftwareMiami, US
Jens Neuse(Executive Officer, Director)Bjoern Schwenzer(Executive Officer, Director)
BoardTommi Uhari(Director)
Board seatSteve KishiΒ· per SEC Form D
Network security platform providing universal network segmentation with zero agents and zero trust policy framework
Aria provides a cloud-based billing and monetization platform that enables businesses to automate complex billing processes and deliver enhanced customer experiences.
AI & Machine LearningEnterprise SoftwareFintechSaaS
Brendan O'BrienEdward Sullivan
Arkose Labs provides fraud and bot protection for enterprises including banks, gaming platforms, fintechs, and marketplaces.
AI & Machine LearningCybersecurityEnterprise SoftwareSaaSSan Francisco, US
Kevin Gosschalk(CEO)Nagraj Kashyap(Director)Jeremiah Grossman(Director)Mark Resnick(Executive Officer)James Wu(Director)Dafina Toncheva(Director)
Automated and secure SaaS management platform (acquired by Vendr in February 2022)
Long Island City, US
Eric Paley(Director)Ariel Diaz(Executive Officer, Director)Aaron White(Director)
Enterprise analytics platform with longitudinal health and claims data linked across government and commercial sources
Connect The Dots is a relationship intelligence platform that helps sales professionals and companies replace cold outreach with strategic network-based introductions.
Enterprise SoftwareSaaSSales Tech
Drew Sechrist(CEO & Co-founder)Ian Swinson(Head of Design & Marketing, Co-founder)Luka Trikic(COO, Head of Engineering, Co-founder)
Security vulnerability management platform automating assessments and centralizing risk mitigation
Arvada, US
Brent Barkman(Executive Officer, Director)Mark Mullen(Director)
Zscaler provides agentless zero trust network segmentation for industrial and operational technology environments, isolating production lines and endpoints without requiring software agents or infrastructure changes.
Advanced ManufacturingCybersecurityIoT
RingCentral Events (formerly Hopin) is a platform for hosting and managing virtual and hybrid events that enables organizations to create live experiences, engage audiences remotely, and generate business outcomes through video conferencing and event management tools.
Marketing TechSaaS
Johnny Boufarhat(Founder)in
AI-powered financial automation software.
Klue provides competitive intelligence software that automatically collects, curates, and distributes competitive insights to sales and marketing teams, while also capturing buyer feedback and win-loss analysis through human expert interviews and AI-powered tools.
Enterprise SoftwareMarketing TechSaaS
Customer experience enablement software for sales and service teams reducing friction and improving win rates
Oomnitza provides an Enterprise Technology Management platform that automates key IT business processes by correlating data from existing solutions to manage users, endpoints, applications, and infrastructure.
AI & Machine LearningCloud ComputingEnterprise SoftwareIoTSaaSSan Francisco, US
ADAM SMITH(Director)ARTHUR LOZINSKI(Executive Officer, Director)
Enterprise remote support platform offering secure voice, video, screen sharing, and co-browsing integrated with CRM and ITSM tools
Smart Access provides an AI-powered platform that helps operations leaders monitor and enforce standard operating procedures (SOPs) across multi-location distribution, retail, and logistics operations.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainAtlanta, US
Sonatype provides software supply chain management and security solutions for managing open source software and AI dependencies.
CybersecurityDeveloper ToolsEnterprise SoftwareFulton, US
Brian Fox(Chief Technology Officer and co-founder)inMICHAEL O'DELL(Director)WAYNE JACKSON(Executive Officer, Director)inANN WINBLAD(Director)SAMEER GANDHI(Director)STEVI PETRELLI(Director)
Stackery provides a platform for building, deploying, and operating serverless applications on AWS, including tools for deployment workflows, CI pipelines, and observability.
Cloud ComputingDeveloper ToolsSaaSPortland, US
Diane Fraiman(Director)Chase Douglas(Executive Officer)Nathan Taggart(Executive Officer, Director)
Growth engineering platform providing actionable data to marketing and customer success teams for churn management and retention
Rows marked βSEC filingβ are inferred from directors named on the company's SEC Form D β public regulatory data, not a portfolio list published by the firm.
Frequently asked questions
- What stage does Aspenwood invest at?
- Aspenwood invests at the Seed, Series A stages.
- What is Aspenwood's typical check size?
- Aspenwood typically writes checks of $100K β $5M.
- What sectors does Aspenwood focus on?
- Aspenwood focuses on AI & Machine Learning, Cloud Computing, Crypto & Web3, Cybersecurity, Developer Tools, Enterprise Software, SaaS, Sector Agnostic.
- Where is Aspenwood located?
- Aspenwood is headquartered in San Francisco, US.
- Does Aspenwood lead rounds?
- Yes, Aspenwood leads investment rounds.
Media Β· Podcasts & interviews
featuring the teamWhy Silicon Valley Still Wins with Lars Leckie of AspenWood Ventures
Life Self Mastery Β· Lars Leckie
Lars Leckie, Aspenwood Ventures: Early-Stage Enterprise Software VC
Grace Gong Β· Lars Leckie
Images
Similar investors
Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.
Insight Partners is a venture and growth-stage software investor featuring a large portfolio of technology companies across multiple sectors and regions.
Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.
OMERS Ventures is the venture capital arm of the OMERS pension plan, investing in early-stage technology founders building solutions across North America and Europe.
Everywhere Ventures is an early-stage venture firm that backs founders globally, supported by a community of founders and operators as LPs.