PSG

ActiveVenture Capital

Updated: Dec 5, 2025 ·

Financial History

Total Raised

N/A

Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Nov 1, 2025	Synchron	$200.0M Series D	—	ARCH Venture Partners, Khosla Ventures, Presight Capital
Dec 1, 2022	Synchron	$75.0M Series C	—	ARCH Venture Partners, Khosla Ventures, Presight Capital
Nov 1, 2022	Coefficient	$18.0M Series A	—	Battery Ventures, Foundation Capital, Redpoint Ventures, Anshu Sharma
Sep 1, 2022	Block Green	$4.0M Seed	—	43, BITKRAFT Ventures, Correlation Ventures, Draper Associates, Gradient Ventures, Rubicon VC, Trajectory Ventures, Tribe Capital
Sep 1, 2022	Bitwarden	$100.0M Series B	—	ARCH Venture Partners, Battery Ventures, Khosla Ventures, Matrix, Presight Capital, SNR, Stellar Capital
Jun 1, 2022	Kickfin	$6.0M Series A	—	CRV, Future Shape, Gradient Ventures, Highbury Group, Rubicon VC, Silverton Partners, Tiger Global Management, Tribe Capital, Tusk Venture Partners, Upfront Ventures
Apr 1, 2022	AppHub	$60.0M Series A	—	Silversmith Capital Partners
Oct 1, 2021	Zeit Medical	$2.0M Seed	—	Acequia Capital, Broadway Angels, Kearny Jackson, SignalFire, Silicon Valley Connect, Bob Muglia, Shishir Mehrotra
Sep 1, 2021	Upmin	$5.0M Seed	—	ARCH Venture Partners, Khosla Ventures, Presight Capital
Jul 1, 2021	MovieBot	$2.0M Seed	—	Acequia Capital, Broadway Angels, Dorm Room Fund, Kearny Jackson, Hans Tung, Paradigm, SignalFire, Silicon Valley Connect, Bob Muglia, Clark Landry, Greg Badros, Klaus von Sayn-Wittgenstein, Shishir Mehrotra
Jun 1, 2021	Hawthorne Effect	$20.0M Series A	—	6 Dimensions Capital, Acequia Capital, ARCH Venture Partners, Broadway Angels, Kearny Jackson, Northpond Ventures, SignalFire, Silicon Valley Connect, Bob Muglia, Greg Badros, Shishir Mehrotra
Jun 1, 2021	Synchron	$40.0M Series B	—	Founders Fund, Future Ventures, Hercules Capital, Presight Capital
Jan 1, 2021	Descript	$30.0M Series B	—	01 Advisors, 2.12 Angels, 468 Capital, AAF Management Ltd., A Capital, Accel, Acequia Capital, Adverb Ventures, AirAngels, Andreessen Horowitz, Backed VC, Basecamp Fund, Bond, Brainchild, Broadway Angels, C2 Investment, Chapter One Ventures, Coinbase Ventures, Craft Ventures, CrunchFund, CRV, Essence VC, First Round Capital, Founder Collective, General Catalyst, Golden Gate Ventures, Greylock, Incisive Ventures, Kearny Jackson, Kleiner Perkins, KW Angel Fund, LAUNCH, Lightspeed Venture Partners, Long Journey Ventures, New Enterprise Associates (NEA), Obvious Ventures, Offline Ventures, Otherwise Fund, Pioneer Square Labs, Plaid, Redpoint Ventures, Renegade Partners, Shrug Capital, SignalFire, Silicon Valley Connect, Slow Ventures, Spark Capital, Supernode Ventures, SV Angel, The Hit Forge, Todd and Rahul's Angel Fund, Twenty Two Ventures, VZVC, Wave Capital, What If Ventures, WorkLife Ventures, Y Combinator, Aaron Levie, Adrian Aoun, Alex Sok, Bob Muglia, Bradley Horowitz, Brendan O'Driscoll, Charlie Cheever, Clint Smith, Cristina Cordova, Dennis Crowley, Fareed Mosavat, Giovanni Gardelli, Gokul Rajaram, Greg Badros, Ian Borthwick, Jack Chou, Jeff Chang, Jeff Morris, Kenny Van Zant, Marc McCabe, Marco Zappacosta, Mario Gabriele, Matteo Franceschetti, Matt Gibstein, Matthew Dellavedova, Michael Ma, Moshe Lifschitz, Ronny Conway, Scott Banister, Scott Belsky, Sumon Sadhu
Dec 1, 2020	Spryker	$130.0M Series C	—	Cherry Ventures, Project A Ventures, TCV, Martin Sinner
Dec 1, 2020	Metaphor	$5.0M Seed	—	Abstract Ventures, Acequia Capital, Addition, Broadway Angels, Founder Collective, Helpful Capital, IA Ventures, Kearny Jackson, SignalFire, Silicon Valley Connect, WGI Group, Chris Murphy, Greg Badros, Jon Steinberg, Roger Ehrenberg, Scott Belsky, Shishir Mehrotra
Aug 1, 2020	Undock	$2.0M Seed	—	Acequia Capital, Backstage Capital, Broadway Angels, Kearny Jackson, Lightship Capital, SignalFire, Silicon Valley Connect, Bob Muglia, Greg Badros, Shishir Mehrotra
Mar 1, 2020	Oooh	$2.0M Series A	—	AAF Management Ltd., Acequia Capital, Brainchild, Broadway Angels, Digital Currency Group, Dimension Capital, General Catalyst, Kearny Jackson, LombardStreet Ventures, Oyster Ventures, SignalFire, Silicon Valley Connect, The Hit Forge, Third Kind Ventures, Ben Davenport, Bob Muglia, George Burke, Greg Badros, Kaushik Subramanian, Mo El-Bibany, Shishir Mehrotra
Feb 1, 2020	Docugami	$10.0M Seed	—	Abstract Ventures, Accel, Acequia Capital, Air Street Capital, AngelList Syndicator, Backed VC, Bain Capital Ventures, Bond, Broadway Angels, Coatue, Conviction Partners, Costanoa Ventures, Elaia Partners, Entrepreneur First, foobar.vc, Founders' Co-op, Greylock, Kearny Jackson, Noodle, Plaid, Scale Asia Ventures, Seedcamp, Sequoia Capital, SignalFire, Silicon Valley Connect, South Park Commons, TMV, Unusual Ventures, Venture Highway, WestWave Capital, XFactor Ventures, Andy Chung, Armando Mann, Bob Muglia, Charlie Songhurst, Florian Douetteau, George Hu, Gokul Rajaram, Greg Badros, John Collison, Nicolas Berggruen, Patrick Collison, Richard Fearn, Shishir Mehrotra, Vincent Jacobs, Zehan Wang
Jun 1, 2019	Simpo	$5.0M Seed	—	Battery Ventures, Redpoint Ventures
May 1, 2017	Hawthorne Effect	$3.0M Seed	—	Acequia Capital, Broadway Angels, Kearny Jackson, SignalFire, Silicon Valley Connect, Bob Muglia, Greg Badros, Shishir Mehrotra
Aug 1, 2015	Fam	$2.0M Seed	—	Baird Capital, Baseline Ventures, Boston Seed Capital, BoxGroup, Brainchild, Converge Venture Partners, CP Ventures, Flybridge Capital Partners, Founder Collective, G20 Ventures, High Alpha, Impact America Fund, Kain Capital, Kindred Ventures, L'ATTITUDE Ventures, Offline Ventures, One Way Ventures, Propeller VC, Silversmith Capital Partners, Slow Ventures, Trajectory Ventures, WGI Group, Y Combinator, Dharmesh Shah, Eric Ries, Jennifer Lum, Mike Volpe, Othman Laraki, Scott Belsky
Sep 1, 2014	Cangrade	$25K Seed	—	Brainchild, High Alpha, Offline Ventures, One Way Ventures, Silversmith Capital Partners, Slow Ventures, Joe Caruso, Scott Belsky
Jul 1, 2014	Amino Apps	$2.0M Seed	—	Accel, Acequia Capital, Amplify Partners, Benchmark, Bling Capital, Blumberg Capital, BoxGroup, Brainchild, Brand Foundry Ventures, Chicago Ventures, Comcast Ventures, Dopamine Ventures, ENIAC Ventures, Entrée Capital Ventures, Fifth Wall, FJ Labs, Forerunner Ventures, Giant Ventures, Goat Capital, Great Oaks Venture Capital, M.G. Siegler, GV, High Alpha, Jazz Venture Partners, Jude Gomila Rolling Fund, Jump Capital, Khosla Ventures, Luv Ventures, Mangrove Capital Partners, Meritech Capital Partners, Offline Ventures, One Way Ventures, Prefix Capital, Quiet Capital, Red Swan Ventures, Rivet Ventures, Sandwith Ventures, Serena Ventures, Seven Seven Six, Silversmith Capital Partners, Slow Ventures, SNR, Teamworthy Ventures, The Engine, Thrive Capital, TPG, Uncork Capital, Wildcat Ventures, Y Combinator, Andy Katz - Mayfield, Bryan Bulte, Darius Contractor, Joe Caruso, Jonathan Neman, Jonathan Swanson, Joshua Reeves, Jugoslav Petkovic, Kulveer Taggar, MG Siegler, Naveen Jain, Nir Eyal, Sam Altman, Scott Belsky, Sumon Sadhu, Tien Tzuo, Will Gaybrick, Will Herman
Jun 1, 2014	Mattermark	$2.0M Seed	—	Accel, Andreessen Horowitz, Atomic, BoxGroup, Brainchild, Chicago Ventures, Jenny Fielding, Scott Hartley, Flybridge, Footwork, Great Oaks Venture Capital, High Alpha, KRM Interests LLC, Lazerow Ventures, Jared Hecht, Offline Ventures, One Way Ventures, Renegade Partners, Ride Ventures, Science, Semble Ventures, Silversmith Capital Partners, Slow Ventures, Spero Ventures, StartupGym, Rick Lewis, Venture Guides, Dennis Crowley, Joe Caruso, Joe Greenstein, Maria Thomas, Rashaun Williams, Richard Chen, Roger Ehrenberg, Scott Belsky, Sean Flynn, Steve Martocci
Dec 1, 2013	Cangrade	$500K Seed	—	Brainchild, High Alpha, Offline Ventures, One Way Ventures, Silversmith Capital Partners, Slow Ventures, Joe Caruso, Scott Belsky

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at PSG.

Leadership Team

Key people at PSG.

Deep Dive

High-Level Overview

PSG is a growth equity firm specializing in investments in software and technology-enabled services companies. Its mission is to partner with growth-stage businesses to help them navigate transformational growth, capitalize on strategic opportunities, and build strong management teams. PSG focuses primarily on the software sector, targeting middle-market companies with high growth potential. The firm has backed over 150 companies and facilitated more than 520 add-on acquisitions, leveraging deep software expertise and a collaborative approach with management teams to create value. PSG’s impact on the startup ecosystem is significant, providing capital, strategic guidance, and operational support that enable portfolio companies to scale efficiently and sustainably[1][2][4].

Origin Story

Founded in 2014 and headquartered in Boston, PSG was co-founded by Peter Wilde, who also serves as chairman. Wilde brought extensive experience from Providence Equity Partners, where he co-ran North America before launching PSG. Since inception, PSG has evolved from a U.S.-centric firm to a global presence with offices in London, Paris, Madrid, Kansas City, and Tel Aviv. The firm has maintained a consistent focus on growth-stage software companies, expanding its capital base to over $28 billion in assets under management by 2025. This growth reflects PSG’s strategic emphasis on “small software at scale,” investing in companies that are poised for transformational growth within the software ecosystem[1][2][6].

Core Differentiators

Specialized Investment Model: PSG focuses exclusively on growth-stage software and technology-enabled services companies, applying a “small software at scale” strategy that balances fund size with targeted investments.
Network Strength: With offices across North America, Europe, and Israel, PSG leverages a global network of 269 professionals, including 160 investment experts and 39 senior advisors, to support portfolio companies.
Track Record: Over 150 investments and 520+ add-on acquisitions demonstrate PSG’s ability to identify and scale promising software businesses.
Operating Support: PSG provides hands-on strategic value creation, including ESG integration, team building, and operational improvements, helping companies build sustainable competitive advantages[1][2].

Role in the Broader Tech Landscape

PSG rides the wave of accelerating digital transformation and the growing importance of software in business operations. The firm’s timing is advantageous as software adoption expands across industries, and emerging technologies like AI create new market opportunities. PSG’s focus on growth-stage companies positions it to capitalize on market forces favoring scalable, technology-driven solutions. By providing capital and expertise, PSG influences the broader ecosystem by enabling innovation, supporting job creation, and fostering competitive software markets globally[2].

Quick Take & Future Outlook

Looking ahead, PSG is poised to continue scaling its investments, particularly in AI-driven software companies, as indicated by its proprietary AI-powered sourcing engine tracking over 600,000 companies. The firm’s increasing fund sizes and geographic expansion suggest a trajectory toward deeper market penetration and influence. Trends such as AI, cloud computing, and digital services will shape PSG’s investment focus, potentially increasing its role as a key enabler of next-generation software innovation. PSG’s commitment to ESG and operational excellence will likely enhance its reputation and impact in the evolving tech investment landscape[2].

This outlook ties back to PSG’s founding principle of partnering with innovative software companies to drive transformational growth and create long-term value.

Sources