U.S. Venture Partners

U.S. Venture Partners (USVP) is one of Silicon Valley's longest-established venture capital firms, founded in 1981 by Bill Bowes, Stuart Moldaw and Robert Sackman and headquartered in Menlo Park, California. An early entrant to the venture industry, USVP has invested more than $4.3 billion since inception across more than 500 companies, of which 93 have completed initial public offerings and over 100 more have been profitably acquired. The firm specialises in early-stage investing, with a strategy of being the lead Series A or B investor in companies based in the United States or Israel, concentrating on four core sectors: cybersecurity, enterprise software, consumer including e-commerce, and healthcare and IT-enabled healthcare services. Its team, including Dafina Toncheva, Jacques Benkoski, Rick Lewis, Steve Krausz, Casey Tansey and Jonathan Root, brings together former investors, entrepreneurs, CEOs, technologists and domain experts with well over 100 years of combined experience. In December 2022 USVP closed its thirteenth fund, USVP XIII, at $400 million, and from 2020 to the present its funds have distributed $1.1 billion to investors. Its extensive portfolio and track record include Box, Yammer, Pluto TV, HotelTonight, Trunk Club, Happy Returns, Check Point Software, Imperva, Trusteer, ThreatMetrix, Cato Networks, Arkose Labs, Guidewire, Human Interest, HeartFlow, Inari Medical, Inspire Medical Systems, Omada Health, Carrot Fertility and Zerto, with its most recent disclosed deal being Tiny Fish in August 2025. With four decades of leading early-stage rounds in the US and Israel, USVP remains a defining Silicon Valley venture firm.