/Investor DB

Aspenwood

Venture capitaloperating company · company profile

San Francisco · Seed–Series A · 7 people tracked

Also known as HWVP MANAGEMENT COMPANY, L.L.C.

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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 Sep 29, 2026.

Stage
Seed–Series A
Check
$100K – $5M
HQ
San Francisco, California, US
Leads rounds
Leads
Instruments
Equity
Founded
1992
AUM
$1.2B
VC funds
5
Tracked investments
35
Unicorns
1
Acquisitions
6

Team · 7 people

from the firm's website & curated & public directories
Maria Mulcahy· CFOin
Louis van Hove· Investment Associate

What they invest in

from 31 of 35 portfolio companies

AI & Machine Learning ×18SaaS ×18Enterprise Software ×13Cybersecurity ×7Developer Tools ×7Data & Infrastructure ×6Marketing Tech ×6Cloud Computing ×5

HQs:United States×18Germany×1

Who they back

founder profiles across 25 portfolio companies
52%
solo founders
13 of 25 mapped founding teams
31%
repeat founders
of 35 founders with career history
~3 yrs
old at investment
median across 9 dated deals

Founding team size:solo founder×132 founders×53 founders×7

Where their founders studiedfrom 31 founders with education data

Stanford University ×5Birla Institute of Technology and Science, Pilani ×2Stanford University Graduate School of Business ×2

What their founders studiedfrom 31 founders with field-of-study data

Computer Science ×12Engineering ×8Business & Management ×3Humanities ×3Design & Architecture ×2Finance & Accounting ×2Mathematics & Statistics ×2

Where their founders worked beforefrom 35 founders with career history

Microsoft ×4VMware ×4Acxiom ×2Cisco ×2EMC ×2IBM ×2Immunio ×2Impellent Ventures ×2

3 founders hold a PhD · 7 hold an MBA (of 34 with degree data)

Investments · 35 tracked

founders shown can be your intro path

By year:2025 · 12024 · 12022 · 22021 · 12020 · 32018 · 19 dated

Amberdataamberdata.ioin𝕏May 2022Acquired

Amberdata provides institutional-grade data, analytics, and infrastructure solutions for digital assets and Web3, covering market data, portfolio and risk management, compliance, and tax management.

Crypto & Web3Data & InfrastructureFintechFremont, US

Joanes Espanol(Executive Officer, Promoter)inTongtong Gong(Executive Officer, Promoter)inShawn Douglass(CEO)in

Board seatLars Leckie· per SEC Form D

Co-investorsboldstart venturesCoinbase VenturesFenbushi CapitalGalaxy VenturesHummer Winblad Venture Partners (HWVP)VU Venture Partners+7 more

Tidalscaletidalscale.cominJul 2020Acquired

Software-defined compute platform enabling flexible server scaling at lower cost than traditional infrastructure

Campbell, US

Isaac R Nassi(Executive Officer, Director)Gary Smerdon(Executive Officer, Director)inFred Weber(Director)

BoardEnrique Salem(Director)in

Board seatLars Leckie· per SEC Form D

Co-investorsBain Capital VenturesHummer Winblad Venture Partners (HWVP)Samsung Catalyst FundSapphire VenturesThe Robotics Hub

Wundergraphwundergraph.comin𝕏Feb 2025

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)inBjoern Schwenzer(Executive Officer, Director)

BoardTommi Uhari(Director)in

Board seatSteve Kishi· per SEC Form D

Co-investorsKarma VenturesHummer Winblad Venture Partners (HWVP)

Airgapairgap.ioin𝕏acquired by Zscaler · Apr 2024

Network security platform providing universal network segmentation with zero agents and zero trust policy framework

Advanced ManufacturingCybersecurityIoT

Ritesh Agrawal(Founder)in

Co-investorsCervinEngineering CapitalKhosla VenturesStorm VenturesCERVIN VENTURESSorenson Ventures

Alpharankalpharank.ioinFeb 2020

Alpharank provides marketing and sales analytics for community lenders, tracking digital originations from first click through the customer journey to funded accounts.

Data & InfrastructureFintechMarketing TechRedwood City, US

BASTIAN LAUER(Executive Officer, Director)Richard Howe(Director)Brian Ley(Executive Officer, Director)

BoardSteven Kishi(Director)in

Co-investorsHummer Winblad Venture Partners (HWVP)

Aria Systemsariasystems.comin𝕏

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'Brien(Founder)inEdward Sullivanin

Co-investorsDell Technologies CapitalHummer Winblad Venture Partners (HWVP)Rembrandt Venture PartnersRunway Growth CapitalVenrockBain Capital Ventures+2 more

Arkose Labsarkoselabs.comMay 2021

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)inMark Resnick(Executive Officer)

BoardNagraj Kashyap(Director)inJames Wu(Director)inDafina Toncheva(Director)inJeremiah Grossman(Director)

Co-investorsBallistic VenturesM12 (Microsoft's Venture Fund)SoftBank Vision FundSony Ventures CorporationTransition Level InvestmentsUS Venture Partners+3 more

Aspireaspire.ioin

Aspire is an influencer marketing platform that helps brands build communities of ambassadors, influencers, and affiliates to promote products at scale.

Creator EconomyE-commerceMarketing TechSaaS

Thomas Frostin

Co-investors515 VenturesCota CapitalPear VCStructural CapitalBattery VenturesBessemer Venture Partners+14 more

Blissfullyblissfully.comin𝕏acquired by Vendr

Blissfully was a SaaS management platform that helped companies discover, manage, and optimize their SaaS applications, spend, and vendor workflows.

AI & Machine LearningEnterprise SoftwareSaaSLong Island City, US

Ariel Diaz(Executive Officer, Director)inAaron White(Director)inRyan Neu(Founder)in

BoardEric Paley(Director)in

Co-investorsCraft VenturesSoftBank Vision FundTiger Global ManagementFounder CollectiveHummer Winblad Venture Partners (HWVP)OnStartups+1 more

Clarify Healthclarifyhealth.comin

Clarify Health is a healthcare outcomes and analytics company that partners with health systems to align clinical, access, and financial performance across referrals, network economics, and payer contracts.

AI & Machine LearningData & InfrastructureDigital HealthHealthtechSan Francisco, US

Jean Drouin(Executive Officer, Director)inTodd Gottula(CEO & Co-Founder)in

Co-investors515 VenturesCorewell Health VenturesInHealth VenturesMenlo VenturesSoftBank Vision FundWestway Capital+6 more

CloseFactorclosefactor.comin

CloseFactor uses machine learning to score and prioritize sales accounts by surfacing buying signals, account overviews, and alerts so sales teams can focus on prospects most likely to buy.

AI & Machine LearningSaaSSales TechPalo Alto, US

Erik Buchanan(Co-Founder & CTO)inLeena Joshi(Co-Founder & CEO)inBen Cheung(Co-Founder & CPO)in

Co-investorsC3 VenturesNeythri Futures FundGTMfundSequoia CapitalVertex Ventures

CTDctd.aiin

Connect The Dots is a relationship intelligence platform that helps sales professionals and companies replace cold outreach with strategic network-based introductions.

Enterprise SoftwareSaaSSales TechSan Francisco, US

Drew Sechrist(CEO & Co-founder)inIan Swinson(Head of Design & Marketing, Co-founder)inLuka Trikic(COO, Head of Engineering, Co-founder)

Co-investorsInnovius CapitalNorwest Venture PartnersVelvet Sea Ventures

DefectDojodefectdojo.comin𝕏

DefectDojo is a DevSecOps and application security orchestration platform that integrates with 200+ security tools to help security teams automate vulnerability management and scale their operations.

CybersecurityDeveloper ToolsSaaS

Co-investorsIolar Ventures

DreamTeamOSdreamteamos.com𝕏Jan 2022

Arvada, US

Brent Barkman(Executive Officer, Director)Mark Mullen(Director)

Co-investorsThe Fund

Ethycaethyca.comin𝕏

Ethyca builds a "trusted data layer" for enterprises and AI, integrating privacy, data governance, and policy enforcement directly into systems to turn legal obligations into automated technical controls.

AI & Machine LearningCybersecurityData & InfrastructureEnterprise Software

Co-investorsAbstract VenturesFounder CollectiveGood FriendsMiroma VenturesAtlantic Vantage PointAXA Venture Partners+3 more

Highflamehighflame.comin𝕏

Highflame provides identity and authorization infrastructure for AI agents, enabling enterprises to govern autonomous AI systems that make decisions and take actions on behalf of users while maintaining accountability and control.

AI & Machine LearningCybersecurityDeveloper ToolsEnterprise Software

Co-investorsMozilla Ventures

Hopinhopin.comin𝕏

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

Co-investorsAndreessen HorowitzHummer Winblad Venture Partners (HWVP)NorthzoneTapestry VCWaverley CapitalWorklife Ventures+6 more

Hypatos GmbHhypatos.aiin

Hypatos provides AI-based document processing automation, using intelligent document processing to extract data and enable straight-through processing for finance and back-office workflows.

AI & Machine LearningEnterprise SoftwareFintechSaaSPotsdam, DE

Ulrich Exleben(Founder)

Co-investorsDN CapitalGrazia Equity GmbHUVC PartnersBlackFin Capital PartnersBerliner Volksbank VenturesBrandenburg Kapital+7 more

Jammjamm.appacquired by Hopin

AI & Machine LearningMarketing TechMedia & EntertainmentSaaS

Co-investorsHummer Winblad Venture Partners (HWVP)ANRIDG Daiwa VenturesXTech Ventures

Kloudfusekloudfuse.comin𝕏Dec 2020

Kloudfuse provides a unified observability platform that consolidates metrics, logs, traces, real user monitoring, continuous profiling, and LLM monitoring into a single AI/ML-powered data lake for anomaly detection and root cause analysis.

AI & Machine LearningCloud ComputingData & InfrastructureDeveloper ToolsSaratoga, US

Krishna Yadappanavar(Executive Officer, Director)inPankaj Thakkar(Founder)inAshish Hanwadikar(Founder)in

BoardDavid Blumberg(Director)in

Co-investorsBlumberg Capital

Klueklue.comin𝕏

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

Sarathy Naicker(Founder)in

Co-investors515 VenturesAllied Venture PartnersBDC Venture CapitalCraft VenturesOMERS VenturesPallasite Ventures+7 more

Mobileforcesoftwaremobileforcesoftware.comin𝕏

Mobileforce offers a no-code, AI-powered platform that unifies CPQ (configure, price, quote), selling, and field service management into a single quote-to-cash-to-service workflow.

AI & Machine LearningSaaSSales Tech

Neuvectorneuvector.com𝕏acquired by SUSE

NeuVector is a Kubernetes-native, full lifecycle container security platform, acquired by SUSE in 2021 and open sourced.

Cloud ComputingCybersecurityDeveloper Tools

Co-investorsFusionHummer Winblad Venture Partners (HWVP)Sv Tech Ventures, Inc.TSVC

Nfinitenfinite.appin

Nfinite operates a Visual Intelligence Platform that helps brands and retailers monitor their digital shelf by detecting missing or outdated product images and content, enforcing brand and retailer visual standards, and ensuring products are represented accurately across e-commerce channels.

AI & Machine LearningE-commerceRetail Tech

Alexandre de Vigan(Founder)inJhi Yong L.(Founder)in

Co-investorsNewfund CapitalUS Venture PartnersInsight Partners

Oomnitzaoomnitza.comin𝕏

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

ARTHUR LOZINSKI(Executive Officer, Director)in

BoardADAM SMITH(Director)

Co-investorsBloomberg BetaGula Tech AdventuresRiverside Acceleration CapitalSyn Ventures Seed Management LlcC5 CapitalHummer Winblad Venture Partners (HWVP)+1 more

Screenmeetscreenmeet.comin𝕏

ScreenMeet provides AI-powered remote support software that runs natively inside ServiceNow, Salesforce, and Tanium, letting human and AI agents resolve issues within those platforms.

AI & Machine LearningEnterprise SoftwareSaaSSales Tech

Ben Lilienthal(Co-founder)inEugene Abovsky(Co-founder)in

Co-investors515 VenturesAzure Capital PartnersCounterview CapitalHummer Winblad Venture Partners (HWVP)RRE VenturesSalesforce Ventures

Smart Accesssmartaccess.ioin𝕏

Smart Access provides an AI platform that helps operations leaders digitize and enforce SOPs, turn floor-level observations into coaching and next-best actions, and close the gap between workforce behavior and best practices.

AI & Machine LearningFuture of WorkLogistics & Supply ChainAtlanta, US

Tim Regnier(Founder)in

Co-investorsHummer Winblad Venture Partners (HWVP)Lobby CapitalPanache VenturesSproutx

Sonatypesonatype.comin𝕏

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)inWAYNE JACKSON(Executive Officer, Director)inDAVID C. MILLER(Executive Officer)

BoardANN WINBLAD(Director)inSAMEER GANDHI(Director)inMICHAEL O'DELL(Director)

Co-investorsAccelBlue Delta CapitalCanvas VenturesFounders Circle CapitalGolub GrowthHummer Winblad Venture Partners (HWVP)+4 more

Sonorasonora.cx

Sonora builds AI agents for customer success, account management, and go-to-market operations teams, structuring calls, tickets, emails, and product-usage signals into account health checks, renewal prep, escalation flags, and expansion plays.

AI & Machine LearningSaaSSales Tech

Anton Kravchenko(Founder)in

Stackerystackery.ioin

Stackery provides tools for building, deploying, and operating serverless applications on AWS, including support for AWS SAM, Lambda, SNS, and HTTP APIs.

Cloud ComputingDeveloper ToolsSaaSPortland, US

Chase Douglas(Executive Officer)inNathan Taggart(Executive Officer, Director)in

BoardDiane Fraiman(Director)in

Co-investorsAscend Venture CapitalHummer Winblad Venture Partners (HWVP)TechstarsVoyager CapitalFounders' Co-opPIPELINE CAPITAL PARTNERS

StepFunctionstepfunction.ai

Growth engineering platform providing actionable data to marketing and customer success teams for churn management and retention

Co-investorsDallas Venture CapitalHummer Winblad Venture Partners (HWVP)Inventus Capital PartnersZ5 Capital

Symbiumsymbium.cominNov 2018

Symbium builds an instant permitting service for residential decarbonization projects such as solar panels, energy storage, and heat pumps, letting homeowners and contractors understand what is possible on a property and submit and manage permit applications.

Climate TechGovTechPropTechSaaSSan Francisco, US

Abhijeet Mohapatra(Executive Officer, Director)inLeila Banijamali(Executive Officer, Director)inMichael Genesereth(Co-founder & Professor of Artificial Intelligence)in

BoardMitchell Kertzman(Director)

Co-investorsBBG VenturesE8 AngelsHearstLabHummer Winblad Venture Partners (HWVP)Third Derivative

Vendiavendia.netin𝕏

Vendia provides a platform for unified data integration that connects disparate data sources and enables secure data sharing across systems and warehouses.

AI & Machine LearningCloud ComputingData & InfrastructureEnterprise SoftwareSan Francisco, US

Tim Wagner(Founder)inShruthi Rao(Founder)in

BoardSwaroop Kolluri(Director)in

Co-investorsBlockchain CoinvestorsCanvas VenturesFloodgateNeotribe VenturesNewView CapitalNeythri Futures Fund+1 more

Vidosovidoso.aiinJan 2024

Vidoso provides an AI agent platform that generates brand-compliant marketing content—including campaign assets, blog posts, social copy, and video clips—from source materials such as webinars, events, and raw video.

AI & Machine LearningMarketing TechSaaSMenlo Park, US

Sharad Verma(CEO & Co-founder)Ayush Chordia(CTO & Co-founder)inDan Ahmadi(Co-founder)

BoardSteven Kishi(Director)Ankur Jain(Director)in

Co-investorsEMERGENT VENTURESTau VenturesZ5 Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

MobileForce

Exits · 6

6 acquisitions · showing 4

Airgapacq. by ZscalerBlissfullyacq. by VendrJammacq. by HopinNeuvectoracq. by SUSE

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Aspenwood made?
Aspenwood has 35 tracked investments, 6 of which have exited, including 1 dated in the last 24 months.
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 – $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.
Who does Aspenwood co-invest with?
Aspenwood most often shares deals with 515 Ventures, Canvas Ventures, Founder Collective, among 103 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Why Silicon Valley Still Wins with Lars Leckie of AspenWood Ventures

Life Self Mastery · Lars Leckie

Lars Leckie, Aspenwood Ventures: Early-Stage Enterprise Software VC

Grace Gong · Lars Leckie

Images

Aspenwood photoAspenwood photo

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