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Tugboat Ventures

VC · Palo Alto · United States

Address
Palo Alto United States (HQ)\r
Email
Website
Founded
2006
Ticket
$0-1 m

Stages

Pre-seedSeed

Investment region

North America

Industries

Internet and Web ServicesFashion/BeautyE-commerce/MarketplaceDigitalBusiness Services (B2B)Marketing and AdvertisingSoftwareTelecommunicationsTransportationHealthTech

Profile

Tugboat Ventures is a venture capital firm based in Silicon Valley, founded in 2006 by Dave Whorton. The firm focuses on supporting entrepreneurs who build innovative companies. Dave Whorton, the founder, has a background in investment at TPG Ventures and KPCB, and co-founded companies like drugstore.com and Good Technology. The team includes Dan Benetz, a finance professional with experience at Intel Corporation, and Michelle Bitler, who brings over 20 years of accounting experience. The firm differentiates itself by supporting both venture-backed startups and purpose-driven Evergreen entrepreneurs aiming to build enduring private businesses. Tugboat Ventures invests primarily in the technology and software sectors, focusing on very early-stage companies. The firm operates mainly in North America. While specific check sizes are not detailed, the focus on early-stage companies suggests investments typically range from $0-1 m to $1-5 m. The firm is known for its decision to support Evergreen entrepreneurs who are underserved in the market. Strategic partners or LP details were not provided. Notable companies in Tugboat Ventures' portfolio include industry leaders such as Amazon, Google, and Peloton, as well as innovative startups like Health Tap—telehealth services and Aria—billing services platform. This diverse portfolio reflects Tugboat's commitment to fostering disruptive technology companies across various sectors.

联系人 (2)

姓名TitleEmail电话LinkedIn
Venture Partner — — —
Founder — — —

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