Morgenthaler Ventures
Portola Valley, California, United StatesFounded 1968
Morgenthaler Ventures is one of the oldest venture capital and private equity firms in the United States, founded in 1968 and headquartered in Portola Valley, California. The firm invests in IT and life sciences companies, providing capital and strategic support from early development through growth stages.
Average disclosed round size is $27.7M (across 125 rounds with reported amounts).
Portfolio
75
Fund Size
—
Top Stage
Unknown
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
133 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Adara | Series C | $23M | Jan 2025 |
 Relievant MedSystems | Series G | $50M | Apr 2023 |
 SetPoint Medical | Series D | $64M | Jan 2021 |
| Relievant MedSystems | Series D | $70M | Oct 2020 |
| NNuvaira, Inc. | Unknown | $79M | Jan 2019 |
 Vapotherm | Series B | — | Jan 2018 |
| Relievant MedSystems | Series E | $58M | Jan 2018 |
| BBig Switch Networks, Inc. | Series C | $48.5M | Jan 2016 |
| Vapotherm | Unknown | $30M | Jan 2016 |
 Vapotherm | Ipo | $56M | Jan 2016 |
| EElcelyx Therapeutics | Unknown | $40M | Oct 2015 |
| SetPoint Medical | Series C | $25M | Sep 2015 |
| Vapotherm | Series C | $20M | Jul 2015 |
| MMuleSoft, Inc. | Unknown | $128M | May 2015 |
 Principia | Series B | $50M | Apr 2014 |
 ForSight VISION5 | Series C | $15M | Apr 2014 |
| FForSight Labs | Unknown | $15M | Apr 2014 |
| TTranscend Medical, Inc. | Series C | $22M | Apr 2014 |
| MMuleSoft, Inc. | Growth | $50M | Mar 2014 |
| VVapotherm, Inc. | Series B | $24.2M | Feb 2014 |
| MMiramar Labs, Inc. | Series D | $10M | Feb 2014 |
| GGalleon Pharmaceuticals, Inc. | Unknown | $6M | Jan 2014 |
| TTwelve, Inc. | Unknown | $9.1M | Jan 2014 |
 Evernote Corporation | Series A | $20M | Jan 2014 |
| Vapotherm | Unknown | $24M | Jan 2014 |
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Top Co-Investors
Advanced Technology Ventures10 shared
OrbiMed9 shared
Versant Ventures9 shared
QuestMark Partners8 shared
Cross Creek8 shared
New Leaf Venture Partners8 shared
New Enterprise Associates7 shared
Canaan Partners7 shared
Kaiser Permanente Ventures7 shared
Adams Street Partners7 shared
Sequel7 shared
Adage Capital Management6 shared
Split Rock Partners6 shared
Gilde Healthcare5 shared
Scale Venture Partners5 shared
SR One5 shared
The Vertical Group5 shared
Lightstone Ventures4 shared
Endeavour Vision4 shared
Bay Partners4 shared
Last updated: 20 October 2026