Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.

Firms / Meritech Capital

Meritech Capital

Institutional venture firmPalo Alto, CAmeritechcapital.comSEC venture capital fund adviser

We help build market-leading companies in the markets that matter.

venture manager, reported GAV $4,115M across 18 vehicles

Importance
52
elevated
Active deployment
36
elevated
Emerging
0
low
Completeness
56
elevated
Freshness
100
high
Research priority
20
moderate
Identity and regulatory footprint
Headquarters
Palo Alto, CAadviserinfo.sec.gov
Office address
245 LYTTON AVENUE, SUITE 125, Palo Alto, CA, 94301adviserinfo.sec.gov
Business phone
650-475-2200adviserinfo.sec.gov
SEC adviser type
exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Mar 31, 2026
Private funds reported
18 (18 venture capital funds)adviserinfo.sec.gov
Private fund gross assets
$4.6Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
business phone
650-475-2200adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
2 observed deals
Stated (the firm’s website)
Sectors
not stated or not yet read
Stages
not stated or not yet read
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 100%
lead rate 50%follow-on rate 0%new logos, 12 months 2
Funds and vehicles
18 reported, 7 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Lytton Affiliates 125.4Feeder or parallel2023 adv first reportedActive deployment$36.3M
Dec 20, 2024
15unknownunknown
Lytton Friends 125.4Fund2023 adv first reportedActive deployment$16.4M
Dec 20, 2024
68$0
of $16.6M
Oct 4, 2022
Lytton Partners 125.4Fund2022 form d first saleActive deployment$1.1B
Dec 20, 2024
126$1.1B
of $1.1B
Jun 9, 2022
Lytton Partners 125.4 SidecarSPV or co-invest vehicle2022 form d first saleActive deployment$250M
Dec 20, 2024
92$250M
of $250M
Jun 9, 2022
Lytton Partners 125.faFund2022 adv first reportedActive deployment$9.8M
Dec 20, 2024
10unknownunknown
Lytton Partners 125.ffFund2021 form d first saleMature$253M
Dec 20, 2024
53$250M
of $250M
May 14, 2021
Lytton Partners Special 1.0SPV or co-invest vehicle2021 form d first saleMature$36.9M
Dec 20, 2024
13$46.1M
of $46.1M
May 14, 2021
Lytton Affiliates 125.3Feeder or parallel2021 adv first reportedMature$23.6M
Dec 20, 2024
11unknownunknown
Lytton Partners 125.3Fund2020 form d first saleMature$847M
Dec 20, 2024
98$800M
of $800M
Jun 5, 2020
Lytton Friends 125.3Fund2020 form d first saleMature$20.2M
Dec 20, 2024
63$17.9M
of $17.9M
Aug 14, 2020
Lytton Affiliates 125.2Feeder or parallel2019 adv first reportedMature$22.4M
Dec 20, 2024
11unknownunknown
Lytton Partners 125.2Fund2018 form d first saleHarvest$788M
Dec 20, 2024
73$630M
of $630M
Jun 1, 2018
Lytton Friends 125.2Fund2018 form d first saleHarvest$11.2M
Dec 20, 2024
21$8.5M
of $8.5M
Aug 14, 2018
Lytton Affiliates 125Feeder or parallel2015 adv first reportedHarvest$18.8M
Dec 20, 2024
10unknownunknown
Lytton Partners 125Fund2014 form d first saleHarvest$540M
Dec 20, 2024
54$500M
of $500M
Jul 29, 2014
Lytton Partners 125 SidecarSPV or co-invest vehicle2014 form d first saleHarvest$91.0M
Dec 20, 2024
23$65.0M
of $65.0M
Jul 29, 2014
Lytton PartnersFund2010 form d first saleHarvest$47.3M
Dec 20, 2024
34$390M
of $400M
Nov 1, 2010
Lytton AffiliatesFeeder or parallelunknownUnknown$3.5M
Dec 20, 2024
8unknownunknown
University PartnersFundunknownWound down$118M
Jun 28, 2013
87unknownunknown
Middlefield PartnersFundunknownWound down$93.6M
Mar 28, 2019
91unknownunknown
Middlefield AffiliatesFeeder or parallelunknownWound down$8.8M
Mar 28, 2019
16unknownunknown
Hamilton PartnersFundunknownWound down$3.5M
Mar 31, 2020
44unknownunknown
Hamilton AffiliatesFeeder or parallelunknownWound down$2.7M
Mar 31, 2020
10unknownunknown
Willow PartnersFundunknownWound down$2.0M
Mar 28, 2019
43unknownunknown
University AffiliatesFeeder or parallelunknownWound down$555,546
Jun 28, 2013
20unknownunknown
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
14 current, 4 departed
Andrew William Heck
Chief Operating Officer And Chief Financial Officer · since Dec 1, 2023
Platform and operations
Andrew William Heck
Chief Operating Officer And Chief Financial Officer · since Dec 1, 2023
Platform and operations
Arsham Memarzadeh
Co-President, Director And Shareholder · since Jan 1, 2026
Principal
Maxwell Motschwiller
Co-President, Director And Shareholder · since Feb 1, 2021
Principal
Paul Scott Madera
Co-President, Director And Shareholder · since Jun 1, 1999
Principal
Robert Danforth Ward
Co-President, Director And Shareholder · since Aug 1, 2011
Principal
4 departed (kept with end dates)
  • Joel Major Backman · Chief Operating Officer And Chief Financial Officer · Aug 1, 2011 to Mar 28, 2024 Inference
  • Alexander Kurland · Co-President, Director And Shareholder · Feb 1, 2021 to Sep 1, 2026 Fact
  • Craig Douglas Sherman · Co-President, Director And Shareholder · Aug 1, 2011 to Mar 28, 2024 Inference
  • Michael Brent Gordon · Co-President, Director And Shareholder · Jun 1, 1999 to Mar 28, 2019 Inference
Investments on record
2 edges, 2 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
OwnerFunding roundparticipantunknown$240MunknownAug 28, 2026Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
AvocaFunding roundleadunknown$125MunknownApr 27, 2026Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS)
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
5 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
42 dated events
  1. Sep 1, 2026
    Alexander Kurland (Co-President, Director And Shareholder) no longer on Schedule A of Meritech Capital
  2. Jan 1, 2026
    Arsham Memarzadeh joined Schedule A of Meritech Capital as Co-President, Director And Shareholder
  3. Mar 28, 2024
    Craig Douglas Sherman (Co-President, Director And Shareholder) no longer on Schedule A of Meritech Capital
  4. Mar 28, 2024
    Joel Major Backman (Chief Operating Officer And Chief Financial Officer) no longer on Schedule A of Meritech Capital
  5. Dec 1, 2023
    Andrew William Heck joined Schedule A of Meritech Capital as Chief Operating Officer And Chief Financial Officer
  6. Mar 29, 2023
    Lytton Partners 125.4 Sidecar first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $250,050,000
  7. Mar 29, 2023
    Lytton Affiliates 125.4 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $35,798,780
  8. Mar 29, 2023
    Lytton Friends 125.4 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $16,430,000
  9. Mar 29, 2023
    Lytton Partners 125.4 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $1,100,050,000
  10. Mar 28, 2022
    Lytton Partners Special 1.0 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $44,274,158
  11. Mar 28, 2022
    Lytton Partners 125.fa first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $9,763,277
  12. Mar 28, 2022
    Lytton Partners 125.ff first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $253,761,216
  13. Mar 30, 2021
    Lytton Partners 125.3 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $795,565,234
  14. Mar 30, 2021
    Hamilton Affiliates no longer reported on Form ADV by Meritech Capital
  15. Mar 30, 2021
    Hamilton Partners no longer reported on Form ADV by Meritech Capital
  16. Mar 30, 2021
    Lytton Friends 125.3 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $18,314,050
  17. Mar 30, 2021
    Lytton Affiliates 125.3 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $20,868,808
  18. Mar 31, 2020
    Middlefield Affiliates no longer reported on Form ADV by Meritech Capital
  19. Mar 31, 2020
    Willow Partners no longer reported on Form ADV by Meritech Capital
  20. Mar 31, 2020
    Middlefield Partners no longer reported on Form ADV by Meritech Capital
  21. Jan 1, 2020
    Alexander Kurland joined Schedule A of Meritech Capital as Co-President And Director
  22. Jan 1, 2020
    Maxwell Motschwiller joined Schedule A of Meritech Capital as Co-President And Director
  23. Jan 1, 2020
    Alexander Francis Clayton joined Schedule A of Meritech Capital as Co-President And Director
  24. Mar 28, 2019
    Lytton Partners 125.2 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $621,539,997
  25. Mar 28, 2019
    Lytton Friends 125.2 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $8,488,262
  26. Mar 28, 2019
    Michael Brent Gordon (Co-President, Director And Shareholder) no longer on Schedule A of Meritech Capital
  27. Mar 28, 2019
    Lytton Affiliates 125.2 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $16,876,958
  28. Mar 31, 2015
    Lytton Partners 125 Sidecar first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $65,050,000
  29. Mar 31, 2015
    Lytton Affiliates 125 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $16,280,020
  30. Mar 31, 2015
    Lytton Partners 125 first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $496,060,129
  31. Mar 31, 2014
    University Affiliates no longer reported on Form ADV by Meritech Capital
  32. Mar 31, 2014
    University Partners no longer reported on Form ADV by Meritech Capital
  33. Mar 30, 2012
    University Affiliates first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $584,597
  34. Mar 30, 2012
    Lytton Partners first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $419,874,657
  35. Mar 30, 2012
    Hamilton Partners first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $1,615,513,430
  36. Mar 30, 2012
    University Partners first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $118,667,555
  37. Mar 30, 2012
    Lytton Affiliates first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $10,583,605
  38. Mar 30, 2012
    Middlefield Affiliates first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $13,198,525
  39. Mar 30, 2012
    Middlefield Partners first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $218,612,178
  40. Mar 30, 2012
    Willow Partners first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $3,392,880
  41. Mar 30, 2012
    Meritech Capital first filed Form ADV (ERA, venture capital fund adviser exemption)
  42. Mar 30, 2012
    Hamilton Affiliates first reported on Form ADV by Meritech Capital (Venture Capital Fund), GAV $33,898,045
Classification history
  1. Sep 12, 2026
    Institutional venture firm (confirmed, 95%, cls-1)
    venture manager, reported GAV $4,115M across 18 vehicles
Evidence
51 observations from 4 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedvc_exemption,vc_funds_reportedMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC exemption claimedventure_capital_fund_adviserDec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC adviser typeexempt_reporting_adviserMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC adviser typeexempt_reporting_adviserDec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
First Form ADV filing2012-03-30Dec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Adv history loadedadv-hist-1Sep 12, 2026FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Latest Form ADV filing2026-03-31Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Latest Form ADV filing2024-12-20Dec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
SEC statusERA - ActiveMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
SEC status effective2012-03-30Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture share of reported funds1Dec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Business phone650-475-2200Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Business phone650-475-2200Dec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
DescriptionWe help build market-leading companies in the markets that matter.
meta description
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
DescriptionWe help build market-leading companies in the markets that matter.
meta description
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
HeadquartersPalo Alto, CAMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
HeadquartersPalo Alto, CADec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Office address245 LYTTON AVENUE, SUITE 125, Palo Alto, CA, 94301Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Office address245 LYTTON AVENUE, SUITE 125, Palo Alto, CA, 94301Dec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Legal formCorporationMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Legal formCorporationDec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Portfolio pagehttps://www.meritechcapital.com/companies
0 entries read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Portfolio pagehttps://www.meritechcapital.com/companies
0 entries read
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Private funds reported18Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private funds reported18Dec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Private fund gross assets (reported)$4.6BMar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Private fund gross assets (reported)$4.1BDec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Schedule a diffsadiff-1Sep 1, 2026FactIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)
Team pagehttps://www.meritechcapital.com/team
1 name/title pairs read
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Team pagehttps://www.meritechcapital.com/team
1 name/title pairs read
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Venture funds reported18Mar 31, 2026FactSEC Form ADV monthly roster (registered + exempt reporting advisers)
Venture funds reported18Dec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
WebsiteHTTP://WWW.MERITECHCAPITAL.COMDec 20, 2024FactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Site titleMeritech
title tag
Sep 16, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)
Site titleMeritech
title tag
Sep 15, 2026FactVenture organization websites (about, team, portfolio, thesis, news pages)