Sherpa Capital
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| Private | |
| Industry | Private equity |
| Founded | 2013 |
| Headquarters | San Francisco, California |
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Key people
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| Products | Venture capital |
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Number of employees
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12 |
| Website | sherpa |
Sherpa Capital is an American venture capital firm established in March 2013 by Shervin Pishevar and Scott Stanford. Based in San Francisco, CA, Sherpa Capital specializes in early stage and growth startups ranging from e-commerce to technology.
Sherpa Capital was established in March 2013 by Shervin Pishevar and Scott Stanford in San Francisco. It specializes in early stage and growth startups ranging from e-commerce to technology.
Dogi International Fabric's board of directors approved a takeover offer from Sherpa Capital on October 1, 2013. Sherpa Capital initiated a EUR 3.8 million (US $5.2 million) takeover bid in early 2014 of Dogi International Fabrics, an insolvent textile group based in Spain. The shareholders approved the offer. Sherpa Capital confirmed its intention to takeover Dogi in March of 2014 and filed with the national stock market regulator (CNMV) on March 19, 2014.
In 2016, Sherpa Capital raised $470 million for their latest fund: Sherpa Everest Fund and Sherpa Ventures Fund II. Pishevar and Stanford closed their first fund, Sherpa Ventures Fund I, for $154 million.
Their investments have included: Shyp, Munchery and Airbnb. It was one of the first investors in fintech startup Cadre, which raised $50 million in 2015. Some of the others were Thrive Capital, Founders Fund, General Catalyst Partners, Khosla Ventures, and Kushner Companies. According to Real Estate Weekly, Cadre has "been ranked among the top real estate technology money magnets."
Along with Volvo Group's venture capital unit and Canaan Partners, Sherpa Capital was one of the investors in Cargomatic, an online company that connects companies needing transportation services with short-range drivers. Cargomatic raised more than $10 million from investors in 2014 and early 2015.
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