Floodgate
UnclaimedAt a Glance
- Check Size
- $500K – $5M
- Stage
- Pre-Seed, Seed
- AUM
- $340M
- Sectors
- AI, Consumer, Enterprise
- Founded
- 2006
- HQ
- Palo Alto, CA
About Floodgate
Floodgate is a venture capital firm based in Palo Alto, CA founded in 2006. Your first true believers. Floodgate Fund is a venture capital firm that focuses on early stage investments in technology companies. The firm focuses on Pre-Seed, Seed investments across sectors including AI, Consumer, Enterprise. The firm manages $340M in assets under management.
Notable portfolio companies include Twitter, Lyft, Twitch, Refinery29, Okta, TaskRabbit, Modcloth and Chegg. Invests in pre-seed and seed stage companies at major inflection points, focusing on non-consensus opportunities with transformative potential.
Investment Thesis
“Invests in pre-seed and seed stage companies at major inflection points, focusing on non-consensus opportunities with transformative potential.”
Sector Focus
Investment Stage
Notable Portfolio Companies
View full portfolio →Key Team (2)
Fund History (5 funds)
| Fund | Vintage | Size | Status |
|---|---|---|---|
| Floodgate Fund V | 2021 | $150M | Investing |
| Floodgate Fund IV | 2018 | $100M | Harvesting |
| Floodgate Fund III | 2015 | $50M | Harvesting |
| Floodgate Fund II | 2012 | $30M | Fully Realized |
| Floodgate Fund I | 2009 | $20M | Fully Realized |
Fund History
- Mike Maples Jr. began investing in 2006 under the name Maples Investments.
- Ann Miura-Ko joined as co-founding partner in 2008 and the firm was renamed Floodgate in March 2010.
- The disclosed fund series runs Fund 3 at $73.5 million, Fund 4 at $75 million, Fund 5 at $76 million, Fund 6 at $131 million and Fund 7 at $146 million, raised in October 2021.
- That progression is the strategy.
- Floodgate has held fund size inside a deliberate $75 million to $150 million band for more than a decade rather than scaling assets under management, on the argument that seed returns compound only when a single breakout position can still move an entire fund.
- The firm writes first checks, frequently before a product exists, and describes itself as a company's first true believers.
- Early positions in Twitter, Lyft, Twitch, Okta, Chegg, TaskRabbit, Refinery29, Applied Intuition and Rappi came out of that discipline.
SEC Fund Filings
- Vehicles filed, last 24 months
- 1
- Latest filing
Floodgate filed a Form D for 1 fund vehicle between Sep 30, 2024 and Sep 29, 2026.
| Fund vehicle | Source |
|---|---|
| Floodgate Fund VIII, L.P. | SEC Form D, filed |
A Form D is the notice a fund files with the SEC when it raises money in a private offering. Feeder funds, parallel funds and SPVs each file their own, so the count measures filing activity, not the number of flagship funds.
Source: SEC EDGAR Form D filings for pooled investment funds, original filings only (amendments excluded). Our filing data starts Jul 1, 2024. Vehicles are matched to Floodgate by fund name and checked against the sponsor address and named principals on each filing; offering amounts are not shown. Each “SEC Form D” link opens an EDGAR full-text search for that vehicle’s exact name, where the filing itself is listed. See every new fund filing on the Form D Radar.
Investment Timeline (11 deals)
2020
Cameo
Series B$50M2019
Outschool
Series A$8.2M2018
Rappi
Series B$200M2016
Refinery29
Series C$50M2015
Xamarin
Series C$54M2013
GoodData
Series B$25M2012
Lyft
Seed2011
TaskRabbit
Series A$17.8M2010
Modcloth
Series A$7.5M2009
2008
Okta
SeedRelated Articles (2)
Frequently Asked Questions
What stage does Floodgate invest at?
Floodgate primarily invests at the Pre-Seed, Seed stages. This means they focus on companies that are at the earliest idea or prototype phase.
Where is Floodgate located?
Floodgate is headquartered in Palo Alto, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Floodgate focus on?
Floodgate focuses on investments in AI, Consumer, Enterprise. Their portfolio reflects deep expertise and networks within these sectors.
What is Floodgate's typical check size?
Floodgate's typical investment check size ranges from $500K to $5M. Actual amounts may vary based on the stage, sector, and specific opportunity.
How much does Floodgate have under management?
Floodgate manages approximately $340M in assets under management (AUM) across their funds.
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