Western Technology Investment (wti)

Corporate ventureSEC-registered adviserClassification candidate· Portola Valley, CaliforniaWESTERNTECH.COM

Since 1980, WTI has helped more than 1,500 companies across every innovation sector finance their growth while minimizing dilution.

In the firm's own words, from its website.

Reported fund assets
$56.6M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
2
Investment team
16
Latest vintage
2016
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (96)Team (30)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

29 additional team members, 37 additional co-investors and affiliates, 93 additional investments, funds and LPs, 5 events, 2 verified contacts (1 general firm email, 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

  1. 2 companies
    new in 12 months

    2 new companies in the last 12 months.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 3 companies
    portfolio raising

    3 portfolio companies have new financing on record in 6 months without this firm named on the round; the latest on 16 Jul 2026 ($650M round).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →

People to know

View all people
  • Dave Gravano
    Investment Partner
    Why: Partner: part of the investment decision
    No route on file yet
  • David Wanek
    Investment Partner, CEO
    Why: Runs the firm (chief executive or president)
    No route on file yet
  • Maurice Werdegar
    Investment Partner, Chairman
    Why: Partner: part of the investment decision
    No route on file yet

Relationship network

190 connected entities2 observed rounds

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.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

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 Western Technology Investment (wti): 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 Western Technology Investment (wti)

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

96 companies on record, 2 new in 12 months
Investments on record
96 companies, 0 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
2045 Studioportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Accelsiusportfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
AI Netomi, Inc.portfolio listingunknownunknownunknownunknownOct 1, 2026Fact Firm website
Stated thesis versus observed behaviour
97 observed deals
Stated (the firm’s website)
Sectors
hardware
Stages
seed
Geography
not stated
Check size
not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (3)Healthcare services (1)Life sciences (1)
lead rate 0%follow-on rate 0%new companies, 12 months 2

Team

30 current, 8 departed
Decision makers
who to call first, and why; then everyone else by function
  • Dave Gravano · Investment Partner
    Why this person: Partner: part of the investment decision; Named with investment responsibility
  • David Wanek · Investment Partner, CEO
    Why this person: Runs the firm (chief executive or president); Named with investment responsibility
  • Maurice Werdegar · Investment Partner, Chairman
    Why this person: Partner: part of the investment decision; 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
30 current, 8 departed
5 departed (kept with end dates)
Contacts
1 general firm email, 1 firm phone

1 general firm email, 1 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

1 vehicle, 0 LPs disclosed
Funds and vehicles
1 reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
WTI Equity Opportunity Fund I, L.P.Opportunity fund · ADV: Private Equity Fund2016 adv first reportedHarvest$56.6M
Mar 30, 2026
25$0
of $75.0M
Dec 8, 2015
Limited partners
0 LPs, 0 disclosed commitments
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.
Known LPs and allocators
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

93 co-investors · on 5 other DFX graphs
Co-investors
93 counted from shared deals, for the whole firm
Across DFX and the capital chainon 5 other DFX graphs Show
Across DFX
  • Sponsor-market profile (matched by same CRD)
  • The same institution is held on Allocators, Independent Sponsors, Private Equity, RIA and Wealth, Private Credit, matched by identifier. See which records
Across the graphs

Western Technology Investment (wti) is the same institution as 5 records in Allocators, Independent Sponsors, Private Equity, RIA and Wealth and Private Credit.

Allocators1Independent Sponsors1Private Equity1RIA and Wealth1Private Credit1

DFX found 5 relationships across 5 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Checking your plan…

Evidence and history

10 dated events, 73 observations from 3 sources
Timeline
10 dated events
  1. Mar 31, 2023
    JAY Leonard Cohan (Class D Member, Vp, Assistant Secretary) no longer on Schedule A of Western Technology Investment (wti)
    Person leftPeopleInferenceJAY Leonard CohanForm ADV
  2. Nov 10, 2022
    Salvador Osio Gutierrez (Shareholder) no longer on Schedule A of Western Technology Investment (wti)
    Person leftPeopleInferenceSalvador Osio GutierrezForm ADV
  3. Mar 30, 2022
    Ronald Wayne Swenson (Shareholder) no longer on Schedule A of Western Technology Investment (wti)
    Person leftPeopleInferenceRonald Wayne SwensonForm ADV
  4. Aug 18, 2021
    Judith Naomi Bornstein (Chief Financial Officer, Chief Compliance Officer, Secretary) no longer on Schedule A of Western Technology Investment (wti)
    Person leftPeopleInferenceJudith Naomi BornsteinForm ADV
  5. Jul 1, 2021
    Jared Sutherland Thear joined Schedule A of Western Technology Investment (wti) as Chief Compliance Officer
    Person joinedPeopleFactJared Sutherland ThearForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Mar 30, 2026 · 9 private fundsShow
Headquarters
Portola Valley, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
WESTERNTECH.COM
SEC adviser type
Registered investment adviseradviserinfo.sec.gov
SEC exemption claimed
unknown
Latest Form ADV
Mar 30, 2026
Private funds reported
9 (0 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$2.0Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Regulatory AUM
$1.9Bthe adviser's RAUM, a regulatory measure, never a fund size
Employees
34
Owners on Schedule A
P10, Inc. (Shareholder), owns 75% or more; P10 Holdings, Inc. (Shareholder), owns 75% or more; P10 Intermediate Holdings LLC (Shareholder), owns 75% or more
Classification history
Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Corporate venture (candidate, 50%)
    Corporate parent: P10 Holdings, Inc.
Evidence
73 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
SEC adviser typeRegistered investment adviserMar 30, 2026FactForm ADV
SEC adviser typeRegistered investment adviserMar 28, 2024FactForm ADV
First Form ADV filing2012-03-20Mar 30, 2026FactForm ADV
First Form ADV filing2012-03-20Mar 28, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-03-30Mar 30, 2026FactForm ADV
Latest Form ADV filing2024-03-28Mar 28, 2024FactForm ADV
Venture share of reported funds0Mar 30, 2026FactForm ADV
Venture share of reported funds0Mar 28, 2024FactForm ADV
Business phoneMar 28, 2024FactForm ADV
Contact page urlOct 1, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionOct 1, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 15, 2026Factno URL
Employees34Mar 28, 2024FactForm ADV
HeadquartersPortola Valley, CAMar 28, 2024FactForm ADV
Office addressMar 28, 2024FactForm ADV
Portfolio pageOct 1, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 15, 2026Factno URL
Private funds reported9Mar 30, 2026FactForm ADV
Private funds reported8Mar 28, 2024FactForm ADV
Private fund gross assets (reported)$2.0BMar 30, 2026FactForm ADV
Private fund gross assets (reported)$1.9BMar 28, 2024FactForm ADV
Regulatory AUM (adviser, not fund size)$1.9BMar 28, 2024FactForm ADV
Stated sectorshardware
“sector words on the home page”
Oct 1, 2026Factno URL
Stated sectorshardware
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorshardware
“sector words on the home page”
Sep 15, 2026Factno URL
Stated stagesseed
“stage words on the home page”
Oct 1, 2026Factno URL
Stated stagesseed
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesseed
“stage words on the home page”
Sep 15, 2026Factno URL
Team pageOct 1, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 15, 2026Factno URL
Venture funds reported0Mar 30, 2026FactForm ADV
Venture funds reported0Mar 28, 2024FactForm ADV
WebsiteMar 28, 2024FactForm ADV
Site titleOct 1, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 15, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersCorporate venture, candidateShow
Importance
46
elevated
Active deployment
8
low
Emerging
0
low
Freshness
100
high
Corporate venture · candidateSEC registered investment adviser

Corporate parent: P10 Holdings, Inc.

The inputs behind each score
importance
gav: 0.23 · funds: 0.08 · people: 0.64 · investments: 0.74 · co investors: 0.8
active deployment
investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: 2026-05-04
emerging manager
fund count: 1 · reported gav: $56.6M · first adv filing: 2012-03-20 · years since first filing: 14.5

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

1 scored match, best firstas of
  • score 41.1confidence 90%
    Why: stage fit; 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.