Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Founded in 1881 by Spencer Trask and George Foster Peabody, Spencer Trask & Co. is one of the oldest venture development firms in the United States. Headquartered in Greenwich, Connecticut, the firm has a long-standing legacy of financing transformative ventures, particularly in the technology sector. Over its extensive history, Spencer Trask & Co. has co-founded or funded twelve startups that have each achieved valuations exceeding $1 billion, showcasing its ability to identify and support high-potential companies.
The firm focuses on advanced technology development, particularly in sectors such as genomics, healthcare, mobile technology, communications, and artificial intelligence. Spencer Trask & Co. has a unique approach to venture capital, operating not just as a financier but as a co-founder and builder of companies. This model allows them to leverage their extensive industry experience and networks to help portfolio companies achieve their growth potential.
Spencer Trask & Co. invests in technology companies that have the potential to create significant societal impact. Their investment strategy encompasses a range of sectors, including healthcare, biotechnology, artificial intelligence, fintech, and legaltech. The firm supports ventures at various stages, from pre-seed to Series C, with a strong emphasis on enhancing human potential and improving global well-being.
The organization seeks to partner with entrepreneurs who are developing transformative technologies that can lead to substantial advancements in their fields. Spencer Trask & Co. values companies that demonstrate innovative solutions and a clear path to market. Their investment thesis is centered around the belief that technology can significantly improve lives, and they are particularly interested in ventures that address pressing societal challenges.
Spencer Trask & Co. has a notable portfolio that includes twelve companies, all of which have achieved valuations exceeding $1 billion. Key portfolio companies include:
Other ventures in their portfolio include companies involved in immunotherapy, stem cell research, and AI-enhanced supply chain management, all contributing to significant advancements in their respective fields.
Kevin Kimberlin: Chairman since 1991, Kimberlin is a tech and biotech entrepreneur with a notable background in venture capital. He has been instrumental in guiding the firm’s investment strategy.
William Clifford: CEO Emeritus, Clifford previously served as Chairman and CEO of Gartner Group, where he led a 346% revenue increase during his tenure.
Paul Latchford: Managing Director, Latchford brings extensive experience in venture capital and technology investments, focusing on identifying high-potential startups.
Neil Edwards: Managing Director with over 25 years of executive leadership experience in growth-stage companies and turnarounds, Edwards plays a key role in portfolio management.
Kerry Safir: Chief of Staff, Safir supports the operational aspects of the firm, ensuring efficient processes and communication within the team.
Jamie Dunne: Chief Communications Officer, Dunne manages the firm’s public relations and communication strategies, enhancing its visibility in the venture capital space.
Ron Buesing: Chief Technology Officer, Buesing oversees the technological aspects of the firm’s investments, ensuring alignment with industry advancements.
To pitch to Spencer Trask & Co., founders should visit their website for submission guidelines. A well-structured pitch deck should include an overview of the business model, market opportunity, and the team’s qualifications. While specific application forms are not mentioned, clarity and conciseness in communication are vital.
Response times may vary, but founders should expect a thorough review process given the firm's commitment to supporting transformative technology ventures. Warm introductions are likely beneficial, as they can enhance the chances of securing a meeting with the investment team.
In April 2023, Spencer Trask & Co. announced that its portfolio company, Fastcase, merged with vLex, a significant move in the legal tech space. This merger was part of a broader strategy to democratize legal services through AI-driven solutions.
In June 2025, Fastcase was acquired by Clio for $1 billion in cash, marking a major exit for Spencer Trask & Co. and highlighting the firm's successful investment strategy.
Additionally, Spencer Trask & Co. has been involved in backing Ultra Capital LLC, which accepted new capitalization in 2018, further demonstrating the firm's commitment to sustainable infrastructure investments.
What are Spencer Trask & Co.'s investment criteria?
Spencer Trask & Co. invests in technology companies with the potential for significant societal impact. They focus on sectors such as healthcare, biotechnology, AI, fintech, and legaltech, supporting ventures from pre-seed to Series C stages.
How can I apply or pitch to Spencer Trask & Co.?
Interested parties can visit the Spencer Trask & Co. website to submit pitches or applications. Specific email addresses are not provided, but the website serves as the primary channel for communication.
What makes Spencer Trask & Co. different from other venture firms?
Spencer Trask & Co. operates as a venture development firm, co-founding and building companies rather than solely providing capital. This approach allows them to leverage their extensive industry experience and networks to support portfolio companies effectively.
What is the geographic scope of Spencer Trask & Co.'s investments?
The firm primarily invests in the United States but is open to opportunities that align with their investment thesis globally, particularly in transformative technology sectors.
What is the typical check size for investments?
While specific check sizes are not disclosed, Spencer Trask & Co. invests across various stages, indicating flexibility in their funding approach depending on the venture's needs.
What is Spencer Trask & Co.'s post-investment involvement like?
The firm actively engages with its portfolio companies, providing operational support, mentorship, and access to their extensive networks to help drive growth and success.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.