Venture Capital

VC Firm SignalFire Closes $900 Million in New Capital

SAN FRANCISCOSignalFire, an early-stage venture capital firm harnessing data and artificial intelligence to identify investments and support for the next generation of startups, has closed over $900 million in fresh capital that brings the firm to over $1.8 billion in assets under management.

The firm’s investments include, Grammarly, Flock Freight, Ro and Stampli.

SignalFire is also announcing the launch of its Executive-in-Residence (XIR) program, which pairs experienced tech industry leaders from the firm’s Advisor Network with high-potential portfolio companies. Current XIRs collaborating with SignalFire include:

  • Doug Merritt, CEO of Splunk ($SPLK)
  • Frank Williams, co-founder and CEO of Evolent Health ($EVH)
  • Tom Peterson, co-founder and COO of Evolent Health ($EVH)
  • Alex Hooshmand, co-founder and CPO of Blue Kai (Acquired by $ORCL)
  • David Klements, co-founder and CEO of Qualifacts (Acquired by Warburg Pincus)
  • Jack Huffard, co-founder and president of Tenable ($TENB)

“The XIR program attracts outstanding companies by providing operational assistance from these accomplished leaders of multi-billion-dollar companies,” said Chris Farmer, founder and CEO of SignalFire. “The value we can provide founders through the XIRs, recruiting technology, in-house go-to-market experts, and ample capital from this fundraise will cement SignalFire as the VC firm that helps across every stage of a startup’s growth.”

The over $900 million in additional capital for SignalFire’s Seed, Breakout, XIR, and Opportunities funds demonstrates investors’ confidence in the firm’s uniquely comprehensive value proposition. SignalFire is the first venture capital firm built like a technology company to better solve for the needs of founders. SignalFire’s proprietary AI platform Beacon tracks 495 million employees and over 80 million companies to provide deep insights for sourcing investments, assisting portfolio companies with recruiting, market competition, and more. SignalFire also helps founders navigate the toughest parts of building a company at every stage, with experienced advisors, 200 skill-building workshops a year, and an in-house team of recruiters, data scientists, PR experts and go-to-market leaders.

“Navigating today’s challenging market environment requires more than just capital,” said Frank Williams, one of SignalFire’s newly announced XIRs. “Startups in SignalFire’s portfolio have access to a highly differentiated support platform anchored by Beacon’s market intelligence, the firm’s deep technical experience, and a uniquely talented bench of investors and operating executives. The XIR program represents the best of that ethos: supporting the highest-potential startups through our experience, strategic counsel, and industry knowledge.”