When was InterWest Partners founded?

InterWest Partners was founded in 1979.

Where is InterWest Partners' headquarters located?

InterWest Partners' headquarters is located in Los Altos ( United States ).

How big is InterWest Partners' investment team?

InterWest Partners has a team of 9, including 7 partners.

How many companies has InterWest Partners invested in?

InterWest Partners has invested in 260 companies, including Workday & Canva.

Which companies has InterWest Partners invested in lately?

GoCheck Kids & PMV Pharma are the latest investments by InterWest Partners.

What sectors does InterWest Partners focus on for investments?

Top sectors in InterWest Partners' portfolio are Enterprise Applications (66 investments) and Life Sciences (91 investments).

What stages of companies does InterWest Partners typically invest in?

InterWest Partners primarily invests in Series B and Series A stages.

How many exits has InterWest Partners been involved in?

InterWest Partners' portfolio has seen 35 IPOs and 142 acquisitions.

How many unicorns are there in InterWest Partners' portfolio?

There is 1 unicorn in InterWest Partners' portfolio.

InterWest Partners - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

1. Workday

Cloud-based financial management, EPM, and HR software provider for enterprises. It uses AI and ML algorithms to predict work and automate tasks, manage employees, and more. The product offerings include HCM, a human capital management solution with features such as reporting and analysis, employee engagement, workforce planning, scheduling, recruiting, onboarding, benefits, etc. It also provides solutions such as financial management, business planning, analytics, professional services automation, and more. It serves multiple industry verticals including communications, energy an resources, financial services, government, healthcare, higher education, hospitality, and others.

Key facts about Workday

Founded Year: 2005
Location: Pleasanton (United States)
Annual Revenue: €8.92M as on Jan 31, 2023
Stage: Public
Total Funding till date: $352M
Employee Count: 11,805 as on Dec 31, 2022
Investors: InterWest Partners, Open X Innovations and 10 Others
Latest Funding Round: Post IPO, May 15, 2013, $45.7M
Highlight: Public

2. Canva

Online platform for creating graphic images. It allows professionals to edit images for presentations, invitations, posters, flyers, business cards, and more. The platform offers pre-designed templates and effects. It also provides a stock library of photographs, illustrations, and imagery. Users can add text, photo enhancers, blur, vignettes, grids, icons, frames, stickers, badges, texture, and others. The application is available for Android and iOS users.

Key facts about Canva

Founded Year: 2012
Location: Surry Hills (Australia)
Annual Revenue: 394M AUD as on Dec 31, 2020
Valuation: $49B as on Oct 31, 2024
Stage: Series F
Total Funding till date: $589M
Employee Count: 1 as on Dec 31, 2024
Investors: InterWest Partners, T. Rowe Price and 50 Others
Latest Funding Round: Series F, May 01, 2024, $8M
Highlight: Editors' Pick

3. Jazz Pharmaceuticals

Developer of novel biopharmaceutical medicines for unmet medical needs. It focuses on developing and delivering life-changing medications to patients with limited or no treatment options. The company's pipeline includes various therapeutic areas, and it supports its medicines with robust clinical trial programs and patient support resources. Research efforts prioritize patient needs, driving advancements in understanding and treating specific conditions. The company also engages in corporate giving and sustainability initiatives.

Key facts about Jazz Pharmaceuticals

Founded Year: 2003
Location: Dublin (Ireland)
Annual Revenue: $4.07B as on Dec 31, 2024
Stage: Public
Total Funding till date: $265M
Employee Count: 2,800 as on Dec 31, 2024
Investors: Oak Hill, InterWest Partners and 14 Others
Latest Funding Round: Post IPO, Jul 07, 2009, $7M
Highlight: Public

4. Braze

AI based omnichannel customer engagement solutions for businesses. It allows businesses to personalize and optimize customer experiences across multiple channels and devices. Its features include cross-channel personalization, creating customer-centric journeys, marketing automation, AB testing, mobile engagement, mobile marketing, connecting with users in the right channel at the right moment, and more.

Key facts about Braze

Founded Year: 2011
Location: New York City (United States)
Annual Revenue: $355M as on Jan 31, 2023
Stage: Public
Total Funding till date: $175M
Employee Count: 1,548 as on Jan 31, 2024
Investors: InterWest Partners, Cross Creek and 22 Others
Latest Funding Round: Series E, Oct 03, 2018, $80M
Highlight: Public

5. Tapjoy

Tapjoy is a mobile performance-based advertising platform that drives deep engagement and monetization opportunities for app publishers, while delivering engaged consumers to brands and advertisers. Tapjoy has a reach of more than 450M (December, 2013) mobile users each month and its “Mobile Value Exchange” model allows users to receive premium content in exchange for their engagement with advertisements.

Key facts about Tapjoy

Founded Year: 2007
Location: San Francisco (United States)
Stage: Acquired
Total Funding till date: $60M
Employee Count: 137 as on Dec 31, 2022
Investors: HighGear Ventures, InterWest Partners and 12 Others
Latest Funding Round: Series D, Jul 26, 2016
Highlight: Acquired

Want to see the entire list?

InterWest Partners has invested in 260 companies over the last 28 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in Centrexion and most recent follow-on round was in GoCheck Kids.

Here are InterWest Partners' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	0	0	0
2024	0	0	0
2023	0	0	0
2022	0	0	0
2021	0	1	1
2020	0	0	0
2019	0	4	4
2018	1	2	3
2017	2	5	7
2016	4	16	20

View all investments by InterWest Partners

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InterWest Partners has made 57 investments in Series B stage with an average round size of $21.2M, 52 investments in Series A stage with an average round size of $15.3M and 25 investments in Series C stage with an average round size of $25.4M.

Here are InterWest Partners' investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Series B	57
Series A	52
Series C	25
Series D	22
Seed	15
Others	13

View all investments by InterWest Partners

InterWest Partners has a diverse portfolio, with companies operating in the Life Sciences, Enterprise Applications, Enterprise Infrastructure, Consumer and High Tech. Notably, it has invested in 204 Tech companies, 172 Enterprise (B2B) companies, 52 Software companies and at least 47 companies focusing on Saas.

Here are InterWest Partners' investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Life Sciences	71
Enterprise Applications	49
Enterprise Infrastructure	18
Consumer	17
High Tech	16
Others	106

View all investments by InterWest Partners

InterWest Partners has made most investments in United States (171), followed by Germany where it has made 4 investments.

Here are InterWest Partners' investments by geography:

Note: We have considered here, only first round of investments

Country	No. of Investments
United States	171
Germany	4
United Kingdom	4
Australia	1
Canada	1
Others	5

View all investments by InterWest Partners

InterWest Partners has not made any investment in 2025 so far.

Here are the most recent investments by InterWest Partners:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Oct 20, 2021	GoCheck Kids	United States	Series C	$10M	Hatteras Venture Partners [+6]
Nov 13, 2019	PMV Pharma	United States	Series C	$62M	Viking Global Investors [+6]
Jul 11, 2019	NewsCred	United States	Series D	$20M	Dentsu [+5]
May 01, 2019	Aryaka Networks	United States	Series F	$50M	Goldman Sachs [+6]
Jan 02, 2019	Gynesonics	United States	Series F	$75.5M	Abingworth [+7]

Get the detailed list of all investments by InterWest Partners. Download now!

See more recent investments made by InterWest Partners

InterWest Partners has 1 unicorns in its portfolio - Intarcia. The most recent unicorn in their portfolio is Intarcia which became a unicorn in 2014, 13 years after InterWest Partners first invested in it.

Here is a list of unicorns in InterWest Partners' portfolio:

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
33	Intarcia	Provider of osmotic pump for subcutaneous drug delivery	1995	Life Sciences	Boston	Series J	qblrwlj

View more details about unicorns in InterWest Partners' portfolio

35 of InterWest Partners' portfolio companies have become public. Braze got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 2021 at marketcap of $5.87B and CVRx got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $126M.

Here are InterWest Partners' portfolio companies that went public:

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Braze	Nov 17, 2021	Oct 02, 2014	Series B	$15M
CVRx	Jun 30, 2021	May 11, 2006	Series C	$30.1M
Doximity	Jun 24, 2021	Mar 16, 2011	Series A	$10.8M
NeuroPace	Apr 22, 2021	2005	Series A	$30M
C3 AI	Dec 09, 2020	Sep 01, 2016	Series D	$97M

View more details about public companies in InterWest Partners' portfolio

142 companies from InterWest Partners' portfolio have been acquired. The most recent acquisition were Chimerix in Mar 2025 by Jazz Pharmaceuticals for $935M.

Here are InterWest Partners' portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
Chimerix	Mar 05, 2025	-	-	-
mParticle	Jan 17, 2025	-	-	-
INVIDI Technologies	Jan 15, 2025	Mar 28, 2005	Series B	$16M
Nanogen	Dec 18, 2024	Mar 04, 1997	Series C	$26.2M
Gynesonics	Oct 14, 2024	Jan 24, 2007	Series B	$16.5M

View all acquired companies in InterWest Partners' portfolio

InterWest Partners has a team of 9 members including 7 Partners and 1 Venture Partner located in United States. InterWest Partners' team does not sit on the board of any company as of now.

Here is a list of all team members in InterWest Partners:

Name	Designation	Location	Board Memberships	Contact details
Keval Desai	Partner	San Francisco	-	1 Email
Khaled Nasr	Partner	Menlo Park	-	-
Gil Kliman	Partner	Menlo Park	-	-
Flip Gianos	Partner	Menlo Park	-	-
Gene Barth	Partner	-	-	-
Tom Siebel	Partner	Menlo Park	-	-
Steve Hilton	Partner	Menlo Park	-	-
Charline Gauthier	Venture Partner	-	-	-

Get the full list of InterWest Partners' team & partners for free. Download now!

View team details of InterWest Partners

Over the past 28 years, 884 investors have co-invested in InterWest Partners's portfolio companies.

Invested before InterWest Partners: Domain Associates, Trinity Ventures and 174 others have invested in rounds before InterWest Partners. There are 4 companies where Domain Associates has invested before InterWest Partners and 4 companies where Trinity Ventures has invested before InterWest Partners.
Top Co-investors of InterWest Partners: 316 investors entered a company along with InterWest Partners. These include investors like New Enterprise Associates (10 companies).
Invested after InterWest Partners: A total of 392 investors have invested in InterWest Partners's portfolio after their investments. Top Investors include Venrock (5 companies), RA Capital Management (5 companies) and Rho Capital Partners (4 companies).