Meritech Capital
We help build market-leading companies in the markets that matter.
In the firm's own words, from its website.
6 additional team members, 30 additional co-investors and affiliates, 31 additional investments, funds and LPs, 37 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 2 companiesnew in 12 months
2 new companies in the last 12 months.
A firm writing cheques this quarter is one a founder can pitch now.
- 1 departurepeople, 12 months
A team member departed 30 days ago. 1 departure and 1 arrival on record in 12 months.
A partner leaving or arriving changes who decides, and who a founder or LP should call.
InferenceIAPD Form ADV Part 1 PDF per firm (current filing, Schedule D 7.B.(1) and Schedule A)For Founders, LPs, recruitersTeam → - 3 dealswith Bessemer Venture Partners
Invests most often alongside Bessemer Venture Partners (3 shared deals) and Maveron (2 shared deals).
pair last observed on record 9 Dec 2010, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.
Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →
People to know
View all people- Co-President, Director And ShareholderWhy: Runs the firm (chief executive or president)No route on file yet
- Co-President, Director And ShareholderWhy: Runs the firm (chief executive or president)No route on file yet
- Co-President, Director And ShareholderWhy: Runs the firm (chief executive or president)No route on file yet
Relationship network
80 connected entities9 observed rounds4 repeat counterparties5 dated rounds shown here, 2010 to 2012
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Meritech Capital: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Meritech Capital
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
11 companies on record, 2 new in 12 months
Investments on record
What these amounts mean“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.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Toss | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| True Anomaly | portfolio listing | unknown | unknown | unknown | unknown | Oct 1, 2026 | Fact Firm website |
| Rewst Inc. | portfolio listing | unknown | unknown | unknown | unknown | Sep 29, 2026 | Fact Company website |
Stated thesis versus observed behaviour
- 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
Team
8 current, 4 departed
Decision makers
- Alexander Francis Clayton · Co-President, Director And ShareholderWhy this person: Runs the firm (chief executive or president); Named with investment responsibility
- Paul Scott Madera · Co-President, Director And ShareholderWhy this person: Runs the firm (chief executive or president); Named with investment responsibility
- Robert Danforth Ward · Co-President, Director And ShareholderWhy this person: Runs the firm (chief executive or president); Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Co-President, Director And Shareholder · 3 deals attributed
- Co-President, Director And Shareholder · 2 deals attributed
- Co-President, Director And Shareholder
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
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
19 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV 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.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Lytton Affiliates 125.4 | Feeder or parallel | 2023 adv first reported | Active deployment | $37.5M Sep 1, 2026 | 19 | unknown | unknown |
| Lytton Friends 125.4 | Fund | 2023 adv first reported | Active deployment | $16.9M Sep 1, 2026 | 67 | $0 of $16.6M | Oct 4, 2022 |
| Lytton Partners 125.4 | Fund | 2022 form d first sale | Active deployment | $1.1B Sep 1, 2026 | 128 | $1.1B of $1.1B | Jun 9, 2022 |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.Relationships across DFX
33 co-investors · on 1 other DFX graph
Co-investors
- 2010-12-093 shared deals · recurring
- 2012-11-162 shared deals · recurring
- 2026-10-011 shared deal · one time
Across DFX and the capital chainon 1 other DFX graph ShowHide
- The same institution is held on RIA and Wealth, matched by identifier. See which records
Meritech Capital is the same institution as 1 record in RIA and Wealth.
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Evidence and history
42 dated events, 65 observations from 4 sources
Timeline
- Sep 1, 2026Alexander Kurland (Co-President, Director And Shareholder) no longer on Schedule A of Meritech Capital
- Jan 1, 2026Arsham Memarzadeh joined Schedule A of Meritech Capital as Co-President, Director And Shareholder
- Mar 28, 2024Craig Douglas Sherman (Co-President, Director And Shareholder) no longer on Schedule A of Meritech Capital
- Mar 28, 2024Joel Major Backman (Chief Operating Officer And Chief Financial Officer) no longer on Schedule A of Meritech Capital
- Dec 1, 2023Andrew William Heck joined Schedule A of Meritech Capital as Chief Operating Officer And Chief Financial Officer
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Sep 1, 2026 · 18 private fundsShowHide
- Headquarters
- Palo Alto, CAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- MERITECHCAPITAL.COM
- 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
- Sep 1, 2026
- Private funds reported
- 18 (18 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $4.6Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Classification history
Classification history
Every classification this record has carried2 on recordShowHide
- Sep 23, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $4.6B across 19 vehicles
- Sep 12, 2026Institutional venture firm (confirmed, 95%)Venture manager, reported GAV $4.1B across 18 vehicles
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC exemption, VC funds reported | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC exemption claimed | Venture capital fund adviser | Dec 20, 2024 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Sep 1, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Mar 31, 2026 | Fact | Form ADV |
| SEC adviser type | Exempt reporting adviser | Dec 20, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-30 | Sep 1, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-30 | Dec 20, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-09-01 | Sep 1, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-03-31 | Mar 31, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-12-20 | Dec 20, 2024 | Fact | Form ADV |
| SEC status | ERA - Active | Mar 31, 2026 | Fact | Form ADV |
| SEC status effective | 2012-03-30 | Mar 31, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Sep 1, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Dec 20, 2024 | Fact | Form ADV |
| Business phone | Mar 31, 2026 | Fact | Form ADV | |
| Business phone | Dec 20, 2024 | Fact | Form ADV | |
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 15, 2026 | Fact | ||
| Headquarters | Palo Alto, CA | Mar 31, 2026 | Fact | Form ADV |
| Headquarters | Palo Alto, CA | Dec 20, 2024 | Fact | Form ADV |
| Office address | Mar 31, 2026 | Fact | Form ADV | |
| Office address | Dec 20, 2024 | Fact | Form ADV | |
| Legal form | Corporation | Mar 31, 2026 | Fact | Form ADV |
| Legal form | Corporation | Dec 20, 2024 | Fact | Form ADV |
| Portfolio page | Oct 1, 2026 | Fact | ||
| Portfolio page | Sep 16, 2026 | Fact | ||
| Portfolio page | Sep 15, 2026 | Fact | ||
| Private funds reported | 18 | Sep 1, 2026 | Fact | Form ADV |
| Private funds reported | 18 | Mar 31, 2026 | Fact | Form ADV |
| Private funds reported | 18 | Dec 20, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.6B | Sep 1, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.6B | Mar 31, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $4.1B | Dec 20, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 1, 2026 | Fact | Form ADV |
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 15, 2026 | Fact | ||
| Venture funds reported | 18 | Sep 1, 2026 | Fact | Form ADV |
| Venture funds reported | 18 | Mar 31, 2026 | Fact | Form ADV |
| Venture funds reported | 18 | Dec 20, 2024 | Fact | Form ADV |
| Website | Dec 20, 2024 | Fact | Form ADV | |
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 15, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmedShowHide
Venture manager, reported GAV $4.6B across 19 vehicles
- importance
- gav: 0.81 · funds: 1 · people: 0.44 · investments: 0.43 · co investors: 0.61
- active deployment
- investments 12m: 0.25 · fund raising 18m: 1 · people joined 12m: 0.33 · vintage within 3y: 1 · latest investment at: 2026-08-28
- emerging manager
- fund count: 26 · reported gav: $4.6B · first adv filing: 2012-03-30 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 25.6confidence 80%Why: activity; cap table
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Adviser's first ADV filing2012-03-30source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.