We help extraordinary founders build enduring companies.

We partner with founders early, back them through every stage, and share the operator network, market intelligence, and pattern recognition we've built across 400+ investments.

Outcomes

IPOs and Acquisitions

Selected outcomes across cycles.

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$20B
Dec 2025

Groq

NVIDIA licensing agreement

AI inference chips and systems for high-performance AI workloads

$8.06B
Jun 2025

Circle

IPO (NYSE: CRCL) via Elements stock acquisition

Stablecoin payments and digital financial infrastructure

|
$1.28B
Dec 2021

Truebill

Acquired by Rocket Companies

Consumer finance app for subscriptions, bills, and savings

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$1.1B
Sep 2025

Statsig

Acquired by OpenAI (stock)

Feature management and experimentation platform for product teams

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$1.1B
Oct 2024

Bridge

Acquired by Stripe

Stablecoin orchestration and payments infrastructure

|
Undisclosed
Jan 2026

Graphite

Acquired by Cursor (stock)

Developer productivity tools for code review and stacked changes

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$400M
Nov 2021

Lemonaid

Acquired by 23andMe (stock)

Telehealth platform for online medical care and pharmacy services

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Undisclosed
Dec 2023

Samooha

Acquired by Snowflake

Privacy-preserving data clean room for enterprise collaboration

|
$200M
Aug 2025

Rail

Acquired by Ripple

Stablecoin-powered payments platform for global money movement

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$160M
Sep 2021

Accurics

Acquired by Tenable

Cloud security posture and infrastructure-as-code scanning platform

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$130M
Sep 2022

Nearside

Acquired by Plastiq (stock)

Digital banking and financial services for small businesses

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Undisclosed
Jan 2025

Momence

Acquired by Clubessential Holdings

Business management software for fitness and wellness operators

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$115M
Mar 2023

Valtix

Acquired by Cisco

Cloud-native network security and firewall platform

|
Undisclosed
Nov 2025

BrightHire

Acquired by Zoom

Interview intelligence platform for recruiting teams

|
$100M
Oct 2024

Cacheflow

Acquired by HubSpot

No-code quoting, approvals, and subscription checkout platform

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$100M
Jul 2022

Elements

Acquired by Circle (stock acquisition)

Developer API for crypto identity and wallet intelligence

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$80M
Mar 2022

Infiot

Acquired by Netskope

Secure access service edge platform for distributed enterprises

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$75M
Jan 2022

FortressIQ

Acquired by Automation Anywhere (stock)

Process intelligence platform for enterprise automation teams

|
Undisclosed
Aug 2024

Reclaim

Acquired by Dropbox

AI calendar automation and scheduling platform

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Undisclosed
Jan 2023

Transform

Acquired by dbt Labs

Metrics layer and semantic data platform for analytics teams

|
Undisclosed
Jun 2022

ShiftRight

Acquired by Zscaler

Security workflow automation and incident response platform

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$40M
Sep 2024

NetSpring

Acquired by Optimizely

Product analytics platform for digital experience teams

|
Undisclosed
Jul 2023

Whisper

Acquired by Meta

AI-powered hearing systems and speech enhancement technology

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$25M
Jun 2023

BluBracket

Acquired by HashiCorp

Code security platform for secrets and repository risk detection

Selected Portfolio

$10B+

OpenAI

via Statsig acquisition

Leading AI research and product company

$852B

Cursor

via Graphite acquisition

AI-native code editor for software developers

$29B

Deel

Global payroll platform, category-defining SaaS outcome

$17B

Whatnot

Livestream commerce marketplace with consumer scale

$11.5B

Supabase

Developer-loved open-source database platform company

$10.5B
$5B+

Vercel

Frontend cloud platform for modern web applications

$9.3B

Postman

API collaboration platform used by developers

$5.6B

RunwayML

AI creative tooling with mainstream recognition

$5.3B

Mercury

Banking and financial operations platform for startups

$5.2B

Persona

Enterprise identity verification and compliance infrastructure

$2.0B

EvenUp

Vertical AI for legal workflow automation

$2.0B+

Factory.ai

AI software engineering agents for enterprises

$1.5B

Lead Bank

Modern banking infrastructure for fintech companies

$1.47B

Speak

AI language learning with consumer recognition

$1.0B

StackGen

Infrastructure-from-code platform for cloud engineering teams

Private

Team

Partners: experienced operators and investors.

Cherian Mathew headshot

Cherian Mathew

Partner

Vineet Buch headshot

Vineet Buch

Partner

Extended Team

Firebolt LPs and post-exit founders include leaders across iconic technology companies.

Our fund investors are current or former board members and executives at

A representative selection of where they serve or have served.

Founders we backed have exited to

A representative selection of acquirers across our network.

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