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Fund profile

Palm Drive Capital

Palm Drive Capital

New York, United States

Leading

About

Palm Drive Capital, headquartered in New York City with additional offices in San Francisco and Taipei, is a venture capital firm that specializes in early-stage investments. Founded in 2014, the firm primarily backs Seed and Series A tech founders across SaaS, AI, fintech, and e-commerce sectors. Their global approach underscores their belief that "innovators are everywhere," supporting startups from diverse geographical regions​. The firm has a notable portfolio, including investments in Deep Instinct, a leader in cybersecurity, and MoneyLion, a modern challenger bank. Palm Drive Capital has also achieved significant exits, such as those from Clover Health and Long Game, highlighting their success in identifying and nurturing high-potential startups​. Palm Drive Capital prefers a collaborative investment approach, frequently co-investing with other venture firms rather than leading rounds. Their strategy focuses on scalable solutions in high-growth markets, providing not only financial support but also strategic guidance through their extensive network. This approach has positioned them as a valuable partner for early-stage companies looking to scale efficiently. Led by co-founders Hendrick Lee and Seamon Chan, the team comprises experts like Catherine Cai and Nick Hsu, who contribute significant investment and operational expertise. For startups aiming to engage with Palm Drive Capital, demonstrating a robust product-market fit and a clear scalability plan is crucial. The firm values well-prepared pitches that highlight market opportunities and strategic growth plans​.

Details

Average check

$500K-$1M
$1M-$3M
$3M-$10M

Round

Seed
Series A
Series B
Venture Round

Previous Investments

Advertising & Marketing
Agritech & Farming
AI & Deep Tech
B2B
Communications & Messaging
Consumer Goods & Electronics
Data & Analytics
E-commerce & Retail
Energy & Utilities
Fashion & Apparel
Fintech & Financial services
Food & Beverage
Gaming
Hardware. Robotics & IoT
Healthtech & Wellness
HR & Recruitment
Legal & Professional services
Lifestyle
Media, Events & Entertainment
Natural Resources
Other
Pharma
Real Estate & Proptech
Security & Privacy
Sharing economy
Social media
Software & Apps
Sports & Fitness
Transportation & Mobility
Travel & Tourism
VR & AR
Web 3.0

Geo focus

LatAm
Europe
Africa
Oceania
USA
Canada

Highlights

$1.3M

Historical average check

$100M

Historical max check

January 2025

Last investment date

112

Investments

Software & Apps

AI & Deep Tech

Fintech & Financial services

Gaming

Transportation & Mobility

Data & Analytics

E-commerce & Retail

Advertising & Marketing

Web 3.0

Sharing economy

Food & Beverage

Other

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Contacts

Website

palmdrive.vc

Email

info@palmdrive.vc

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