137 Ventures is a San Francisco, California-based venture capital firm. Its latest fund is 137 Ventures Two growth funds ($700M+, 2026, per TechCrunch). Value Add VC tracks 2 companies 137 Ventures has invested in and 2 venture rounds it took part in (2 as lead).
137 Ventures key facts (as of )
| Fact | Value | Source |
|---|---|---|
| Headquarters | San Francisco, California, USA | SEC Form ADV (IAPD), October 18, 2026 |
| Founded | 2010 | PR Newswire, October 2, 2026 |
| Type | Venture capital firm | Value Add VC classification |
| Assets under management | $11.8B | SEC Form ADV (IAPD), October 18, 2026 |
| Funds tracked | 3 Latest: 137 Ventures Two growth funds ($700M+, 2026) | TechCrunch, April 30, 2026 |
| Venture rounds tracked | 2 (led 2, joined 0) 2 in the last 12 months | Recent deals table on this page (each round cites its source) |
| Portfolio companies tracked | 2 | Portfolio list on this page |
Recent deals we track
2Track record: led 2 and participated in 0 of 2 tracked venture rounds · 2 in the last 12 months · led 1 Series A, 1 Series D
| Date | Company | Event | Role | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|---|---|
| Oct 27, 2026 | Hex | Series A | Led | $100M | $1.2B | 137 VenturesLeadunverifiedAmplify PartnersunverifiedAvraunverifiedRedpoint VenturesunverifiedSequoia CapitalunverifiedAndreessen HorowitzunverifiedAvra CapitalZero Prime all | Pulse story |
| Aug 6, 2026 | Hadrian | Series D | Led | $1.37B | $7.87B | Washington Harbour PartnersLeadunverifiedValor Equity PartnersLeadunverified137 VenturesLeadunverifiedBaillie GiffordLeadunverifiedJPMorganChase Strategic Investment GroupLeadunverified1789 CapitalunverifiedApollo Global ManagementunverifiedT. Rowe PriceunverifiedCapitalGunverifiedAndreessen HorowitzunverifiedFounders FundunverifiedLux CapitalunverifiedAltimeter CapitalunverifiedConstruct CapitalunverifiedWCM Investment ManagementMorgan Stanley Wealth Management | Hadrian |
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At a glance
137 Ventures appears in 2 funding rounds tracked by ValueAddVC since 2026, leading 2. Its most recent tracked deal was Hex's $100M Series A round (Oct 27, 2026). It co-invests most often with Andreessen Horowitz. ValueAddVC also tracks 3 funds managed by 137 Ventures.
Strategy
Funds
3| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| 137 X Fund | 2026 | — | Other | As of May 6, 2026SEC EDGAR Form D |
| 137 Ventures Two growth funds | 2026 | $700M+ | GrowthGrowth-stage venture | As of Apr 30, 2026TechCrunch |
| 137 Ventures Fund II | 2014 | $137M | Flagship | As of 2014Value Add VC funds tracker |
Portfolio
2 totalSector / Stage Activity
Co-Investors
12Value Add Research
Latest Pulse
- Oct 27, 2026Hex Raises $100M at $1.2B Valuation, Launches Hex 4.0Hex closed a $100 million financing round at a $1.2 billion valuation and launched Hex 4.0, a ground-up rewrite of its AI analytics platform built for autonomous agents.→
- Sep 16, 2026Impulse Space Adds $308M, Valuation Jumps To $5.4BImpulse Space closed a $308 million Series D extension at a $5.4 billion valuation, growing its Series D to $808 million total as demand for in-space transportation outpaces the company's launch manifest.→
- Aug 6, 2026Hadrian Raises $1.37B to Automate Defense FactoriesHadrian raised a $1.37B Series D at a $7.87B valuation -- roughly 5x its prior mark -- to build automated factories that machine precision parts for SpaceX, Anduril and other aerospace and defense suppliers.→
- Aug 6, 2026Hadrian Valuation Hits $7.9B on Defense BoomHadrian raised $1.37 billion led by Baillie Gifford and JPMorgan Strategic Investment Group at a $7.9 billion valuation, more than quadrupling its January mark as investors pour capital into AI-driven defense manufacturing.→
137 Ventures FAQ
How big is 137 Ventures' latest fund?
137 Ventures' latest fund, 137 Ventures Two growth funds (2026), closed at $700M+, according to TechCrunch (April 30, 2026). Value Add VC tracks 3 funds managed by 137 Ventures. The firm's assets under management are $11.8B, according to SEC Form ADV (IAPD).
What stage does 137 Ventures invest at?
In the rounds Value Add VC tracks, 137 Ventures' deals were most often Series A (1) and Series D (1); it led 1 Series A and 1 Series D.
What companies has 137 Ventures backed?
Companies Value Add VC tracks as 137 Ventures investments include Hex and Hadrian.
Where is 137 Ventures based?
137 Ventures is headquartered in San Francisco, California, USA and was founded in 2010, according to SEC Form ADV (IAPD) and PR Newswire.
How large are 137 Ventures' funds?
137 Ventures funds Value Add tracks include 137 Ventures Two growth funds ($700M+, 2026); 137 Ventures Fund II ($137M, 2014), out of 3 137 Ventures funds tracked in total.
Who does 137 Ventures co-invest with most?
In the rounds Value Add tracks, 137 Ventures most often invests alongside Andreessen Horowitz (2 shared deals), 1789 Capital (1 shared deal), Altimeter Capital (1 shared deal), Amplify Partners (1 shared deal), Apollo Global Management (1 shared deal).
Sources & methodologyshow
- Hadrianprimary source1 fact
- SEC EDGAR Form Dprimary source1 fact
- TechCrunchmajor outlet1 fact
- HexValue Add VC data1 fact
- Value Add VC funds trackerValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.