Glencrest Group

ActiveVenture Capital

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Updated: Jan 22, 2026 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Apr 1, 2022	Silverfort	$65.0M Series C	—	83North, Acrew Capital, Amplify Partners, Brighton Park Capital, Castle Island Ventures, Citi Ventures, Greenfield Partners, Highland Capital Partners, MizMaa Ventures, StageOne Ventures, TLV Partners
Jan 1, 2022	Olipop	$30.0M Series B	—	Abstract Ventures, Alabaster, American Express Ventures, Andreessen Horowitz, Angel investor, Jana Messerschmidt, Banana Capital, Barrel Ventures, BoxGroup, Canaan Partners, Cavalry Ventures, Craft Ventures, First Round Capital, G2VP, Grace Beauty Capital, Joe Kraus, HV Capital, Inspired Capital, Khosla Ventures, Kleiner Perkins, Lakeside Capital, Lobby Capital, Moving Capital, NCT Ventures, Scott Sandell, Pareto Holdings, Pioneer Fund, Polychain Capital, QueensBridge Venture Partners, Redalpine Venture Partners, Republic Records, Shasta Ventures, Speedinvest, Starbridge Venture Capital, Trinity Ventures, YLEM, Aaron Harris, Angela Merkel, Brandon Shainfeld, Christian Vollmann, Demetrios Christofidis Jr, Erik Bovee, Gwyneth Paltrow, Henry Kravis, Josh Mohrer, Kevin Colas, Kristian Segerstrale, Lisa Gansky, Michael Lynton, Nick Jonas, oliver holle, Rashaun Williams, Steve Aoki, Steve Chen, Sven Fund, Thomas Tull
Sep 1, 2021	Betterment	$60.0M Series F	—	Addition, Alpine Ventures, Andreessen Horowitz, Anthemis Group, Jon Stein, Asylum Ventures, Bessemer Venture Partners, Bling Capital, Casa Verde Capital, Citi Ventures, Cowboy Ventures, Felicis Ventures, FJ Labs, General Catalyst, Hercules Capital, IVP, Jigsaw VC, La Famiglia, Matrix Partners India, Mouro Capital, MS&AD Ventures, Nokia Growth Partners, Northzone, Operator Collective, Passion Capital, Red Swan Ventures, Scale Venture Partners, Sierra Point Ventures, Teamworthy Ventures, TechSquare Labs, The Finger Group, The General Partnership, Tiger Global Management, Touchdown Ventures, Zigg Capital, Alexander Saint-Amand, Daniel Graf, Eric Nadalin, Errol Damelin, Federico Pomi, Ian Hogarth, Mik Attisani, Sean Park, Simone Brunozzi, Surojit Chatterjee, Tony Jamous, Zack Kanter
Jan 1, 2021	Reflect	$2.0M Seed	—	8090 Industries, 8VC, BoxGroup, Chapter One Ventures, Craft Ventures, Creandum, Eunoia Capital Partners, Fika Ventures, First Round Capital, Flucas Ventures, Lakestar, LGF, MaC Venture Capital, Next47, Oak HC/FT, Roosh Ventures, Seven Seven Six, Social Capital, Sound Ventures, The Hit Forge, Thirdbase Capital, Tribe Capital, Weekend Fund, WorkLife Ventures, Austin Ogilvie, Bradley Horowitz, Jeff Morris, Jeff Seibert, Jim Pallotta, Jon Runyan, Marc Benioff, Michael Ma, Peter Ackerson, Sahin Boydas, Shervin Pishevar, Sung ho Choi, Valentin Gui, Wayne Chang, Carl Pei, Christian Reber, Didier Valet, Global Founders Capital, HV Capital, HV Holtzbrinck Ventures, Lea- Sophie Cramer, Mads Fosselius, Massimo Ciociola, Motier Ventures, Nicolas Berggruen, Offline Ventures, Pareto Holdings, Rodolphe Ardant, Verena Pausder, Victoria van Lennep, WndrCo LLC
Aug 1, 2020	Silverfort	$30.0M Series B	—	Acrew Capital, Amplify Partners, Brighton Park Capital, Castle Island Ventures, Citi Ventures, Greenfield Partners, Highland Capital Partners, MizMaa Ventures, StageOne Ventures, TLV Partners
May 1, 2020	Synack	$52.0M Series D	—	43, AllegisCyber Capital, AngelList, Ballistic Ventures, B Capital Group, Bessemer Venture Partners, Blume Ventures, Byers Capital, Alan Cohen, Karim Faris, GV, HOF Capital, Index Ventures, Intel Capital, Kleiner Perkins, KRM Interests LLC, Mango Capital, Mayfield, Glenn Solomon, Notable Capital, O'Shaughnessy Ventures, Quiet Capital, Redpoint Ventures, SparkLabs Global Ventures, SYN Ventures, TechSquare Labs, Thomson Reuters Ventures, TMV, UTEC - The University of Tokyo Edge Capital Partners, Wing Venture Capital, Mike Gordon
Jan 1, 2020	ActionIQ	$32.0M Series C	—	Alchemist Accelerator, Andreessen Horowitz, Ankona Capital, Battery Ventures, Bling Capital, Bowery Capital, Citi Ventures, Felicis Ventures, FirstMark Capital, Hercules Capital, Hyde Park Venture Partners, Innovius Capital, Intel Capital, IVP, March Capital, Okta Ventures, Operator Collective, Sequoia Capital, Sierra Ventures, Smash Capital, TechSquare Labs, Touchdown Ventures, Dave Knox, Rob McDonald
Nov 1, 2019	Curogram	$2.0M Seed	—	8-Bit Capital, Coelius Capital, Foundry Group, FPV Fund, Khosla Ventures, Operator Collective, Y Combinator, Joshua Reeves
Jun 1, 2019	Collective Health	$210.0M Series E	—	Addition, aMoon Fund, Ballistic Ventures, Bam Ventures, Bessemer Venture Partners, Byers Capital, f7 Ventures, Flare Capital Partners, Flex Capital, Founders Fund, General Catalyst, GE Ventures, Highbury Group, HOF Capital, Javelin Venture Partners, Maverick Capital, New Enterprise Associates, TechSquare Labs, True Ventures, Upfront Ventures, Michael Stoppelman, Mike Gordon, Peter Hunn
May 1, 2019	HqO	$6.0M Venture Round	—	Bain Capital, Ballistic Ventures, Byers Capital, HOF Capital, TechSquare Labs
Apr 1, 2019	Expanse	$70.0M Series C	—	2048 Ventures, Amara VC, Andreessen Horowitz, At One Ventures, B Capital Group, Big Idea Ventures, Bling Capital, Citi Ventures, Climate Capital, Comcast Ventures, Felicis Ventures, Gideon Yu, Founders Fund, Greylock, Hercules Capital, Human Augmentation Syndicate, IVP, Moxxie Ventures, NEO, New Enterprise Associates, Next Play Ventures, NFX, Operator Collective, Pareto Holdings, QueensBridge Venture Partners, Slow Ventures, SOSV, Sound Ventures, TechSquare Labs, Touchdown Ventures, Waverley Capital, Anthony Saleh, Bill Gates, Bradley Horowitz, Clark Landry, Evan Williams, Hadi Partovi, Mark Cuban, Nicolas Berggruen, Omar El-Ayat, Richard Branson, Sahin Boydas, Sam Altman, Scott Heiferman, Scot Wingo
Mar 1, 2019	Mocana	$15.0M Series G	—	American Express Ventures, Canaan Partners, G2VP, Joe Kraus, Lakeside Capital, Lobby Capital, Shasta Ventures, Trinity Ventures, Lisa Gansky, Rashaun Williams
Feb 1, 2019	Robin	$20.0M Series B	—	Accomplice VC, Battery Ventures, B Capital Group, Contour Venture Partners, Courtside Ventures, FirstMark Capital, Meritech Capital Partners, Northpond Ventures, Sapphire Ventures, Sharp Alpha Advisors, Jason Robins, Megan Quinn, Andreessen Horowitz, Bling Capital, Citi Ventures, Felicis Ventures, Hercules Capital, IVP, Operator Collective, TechSquare Labs, Touchdown Ventures
Jan 1, 2019	Bevi	$36.0M Series C	—	American Express Ventures, Canaan Partners, G2VP, Joe Kraus, Lakeside Capital, Lobby Capital, Shasta Ventures, Trinity Ventures, Lisa Gansky, Rashaun Williams
Oct 1, 2018	CTERA Networks	$30.0M Series D	—	Amplify Partners, Cyberstarts VC, Hanaco Ventures, Red Dot Capital Partners, StageOne Ventures, Viola Ventures, Zeev Capital
Sep 1, 2018	Atrium LTS	$65.0M Series B	—	Adverb Ventures, Andreessen Horowitz, Bling Capital, Citi Ventures, Felicis Ventures, M.G. Siegler, Hercules Capital, IVP, Operator Collective, TechSquare Labs, Touchdown Ventures, Matt Brezina, MG Siegler, Mike Abbott
Jun 1, 2018	Silverfort	$12.0M Series A	—	Amplify Partners, StageOne Ventures, TLV Partners
May 1, 2018	Hint Health	$10.0M Series A	—	AME Cloud Ventures, Array Ventures, Craft Ventures, Fifth Wall, Hardware Club, Lionheart Ventures, Long Journey Ventures, Meridian Street Capital, Pareto Holdings, PruVen Capital, Quiet Capital, Recursive Ventures, Signia Venture Partners, Silicon Valley Data Capital, Unpopular Ventures, Webb Investment Network, Wing Venture Capital, Badr Al-Rumaih, Ethan Beard, John Kobs, Othman Laraki, Ran Makavy, Sean Glass, Tom Williams
Apr 1, 2018	StackRox	$25.0M Series B	—	Amplify Partners, Stuart Peterson, Bain Capital Ventures, Cisco Investments, DFJ, Kevin Ding, Energy Impact Partners, Felicis Ventures, Foundation Capital, General Catalyst, i/o Ventures, Madrona Ventures, Next47, Polychain Capital, Purpose Built Ventures, Sequoia Capital, StageOne Ventures, Techstars, Wing Venture Capital, Louis Beryl, Mike Vernal
Mar 1, 2018	Pilot	$15.0M Series A	—	8-Bit Capital, Abstract Ventures, Andreessen Horowitz, Antler, Atreides Management, Authentic Ventures, Bain Capital Ventures, Basis Set Ventures, B Capital Group, Bessemer Venture Partners, Bloomberg Beta, Boost Capital Partners, BoxGroup, Catapult Capital, Chemistry VC, Coelius Capital, Commerce Ventures, Costanoa Ventures, Creative Juice, CRV, Curie.Bio, Exponent Founders Capital, Felicis Ventures, Foundry Group, FPV Fund, Friále, Gradient Ventures, Greylock, M.G. Siegler, Hanabi Capital, Hannah Grey, Immeasurable, Khosla Ventures, Kindred Capital VC, KRM Interests LLC, LAUNCH, Lightspeed Venture Partners, Luv Ventures, NFX, Operator Collective, Operator Partners, Piva Capital, Polychain Capital, Salesforce Ventures, sequel, Sequoia Capital, Soma Capital, Sound Ventures, South Park Commons, Stellar Capital, Streamlined Ventures, SV Angel, Sweet Capital, The Community Fund, The General Partnership, Nicholas Shekerdemian, Thirty Five Ventures, Transmedia Capital, UL Ventures, Uncorrelated Ventures, Y Combinator, Yext, Andy Rankin, Anna Patterson, Arash Ferdowsi, Derek Proudian, Dominic Endicott, Drew Houston, Errol Damelin, Gokul Rajaram, Jason Henrichs, Jeremy Stoppelman, Marc Benioff, Mark Cuban, Mengxi Lu, MG Siegler, Mike Slade, Nick Hanauer, Ryan Sarver, Thibault Poutrel, Tien Tzuo, Tyler Willis, William Hockey
Mar 1, 2018	EverC	$13.0M Series A	—	American Express Ventures, Arbor Ventures, Bain Capital, Benchmark, Bessemer Venture Partners, Blumberg Capital, Canaan Partners, Citi Ventures, Company Capital, Felix Capital, G2VP, Joe Kraus, Lakeside Capital, L Catterton Growth, Lobby Capital, March Capital, MS&AD Ventures, NewView Capital, OurCrowd, PS Investments, Scale Venture Partners, Sequoia Capital Israel, Shasta Ventures, Summit Partners, Trinity Ventures, Dan Raveh, Lisa Gansky, Noah Pickholtz, Rashaun Williams
Mar 1, 2018	Imanis Data	$14.0M Series B	—	American Express Ventures, Canaan Partners, G2VP, Joe Kraus, Lakeside Capital, Lobby Capital, ONSET Ventures, Shasta Ventures, Trinity Ventures, Lisa Gansky, Rashaun Williams
Mar 1, 2018	Kiddom	$15.0M Series B	—	8-Bit Capital, Coelius Capital, Foundry Group, FPV Fund, Khosla Ventures, Operator Collective, Y Combinator, Joshua Reeves, Tien Tzuo
Feb 1, 2018	Collective Health	$110.0M Series D	—	Ballistic Ventures, Bessemer Venture Partners, Byers Capital, Flare Capital Partners, Flex Capital, Founders Fund, GE Ventures, HOF Capital, Javelin Venture Partners, New Enterprise Associates, TechSquare Labs, Michael Stoppelman, Mike Gordon
Oct 1, 2017	Mapbox	$160.0M Series C	—	8-Bit Capital, Coelius Capital, DFJ, Founders Circle Capital, Foundry Group, FPV Fund, Khosla Ventures, Meritech Capital Partners, Operator Collective, Shasta Ventures, Y Combinator, Joshua Reeves, Tien Tzuo

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Glencrest Group.

Mike Bergelson

Managing Partner

Leadership Team

Key people at Glencrest Group.

Mike Bergelson

Managing Partner

Deep Dive

High-Level Overview

Glencrest Group is a San Francisco-based real estate investment firm specializing in multifamily residential properties. Their core mission is to deliver top-tier investment returns by enhancing the experience of residents, communities, and colleagues through owning and operating high-quality apartment buildings in desirable locations. They offer two distinct investment programs focused exclusively on existing, well-located multifamily communities, aiming to provide investors with portfolio diversity and a combination of yield and appreciation. Glencrest also has a venture capital arm, Glencrest Global, which invests in early-stage startups across sectors like SaaS, FoodTech, and GovTech, prioritizing novel business models and flexible funding structures[1][2][3][4].

Origin Story

Founded in 2019 by John Adair and Mike Bergelson, Glencrest Group emerged with a focus on multifamily real estate investing. Both founders bring extensive experience in acquisitions, asset management, and operations within the multifamily sector. The firm has since evolved to manage a portfolio of over 10,000 units and has been involved in transactions exceeding $8 billion in volume. Their venture capital activities are funded through the Cerasani Family Office, allowing flexible investment without traditional LP constraints. This dual focus on real estate and venture capital reflects a broad investment philosophy that balances stable asset-backed investments with growth-oriented startup funding[2][3][5][7].

Core Differentiators

Specialization in Multifamily Real Estate: Focused exclusively on high-quality, well-located multifamily communities, offering investors direct ownership and stable, long-term returns.
Resident and Community Experience: Emphasizes maximizing the living experience for residents and fostering strong community ties, which supports asset value and operational stability.
Flexible Venture Capital Model: Glencrest Global provides structured equity, unsecured and secured debt, and convertible instruments, offering founders maximum flexibility without LP pressures.
Experienced Leadership: Founders and team members have deep expertise in real estate acquisitions, asset management, and startup investing, supported by a strong network.
Dual Investment Programs: Opportunity Program and Generations Program cater to different investor needs, focusing on yield and appreciation in multifamily assets[2][3][4][7].

Role in the Broader Tech Landscape

Glencrest Group rides the trend of multifamily real estate as a resilient asset class amid changing housing demands and urbanization. Their timing aligns with growing investor interest in stable, income-generating real estate, especially in high-demand urban and suburban markets. Simultaneously, Glencrest Global’s venture capital activities tap into the rising demand for flexible, founder-friendly funding models in emerging tech sectors like SaaS and FoodTech. This dual approach allows Glencrest to influence both the real estate ecosystem by improving living environments and the startup ecosystem by supporting disruptive innovations with adaptable capital structures[2][3].

Quick Take & Future Outlook

Looking ahead, Glencrest Group is positioned to expand its multifamily portfolio by leveraging its resident-centric approach and operational expertise, potentially increasing its footprint in key U.S. markets. On the venture capital side, Glencrest Global may continue to refine its flexible investment instruments to attract innovative startups outside traditional VC models, especially those with early cash flow positivity or hard assets. Trends shaping their journey include urban housing demand, technology-driven property management, and evolving startup financing needs. Their influence is likely to grow as they bridge stable real estate investing with dynamic venture capital, offering a unique hybrid model in the investment landscape[2][3][4].

Sources

High-Level Overview

Origin Story

Core Differentiators

Specialization in Multifamily Real Estate: Focused exclusively on high-quality, well-located multifamily communities, offering investors direct ownership and stable, long-term returns.
Resident and Community Experience: Emphasizes maximizing the living experience for residents and fostering strong community ties, which supports asset value and operational stability.
Flexible Venture Capital Model: Glencrest Global provides structured equity, unsecured and secured debt, and convertible instruments, offering founders maximum flexibility without LP pressures.
Experienced Leadership: Founders and team members have deep expertise in real estate acquisitions, asset management, and startup investing, supported by a strong network.
Dual Investment Programs: Opportunity Program and Generations Program cater to different investor needs, focusing on yield and appreciation in multifamily assets[2][3][4][7].