What companies does Palm Drive Capital invest in?

Palm Drive Capital has 60 recorded portfolio companies, including Rippling, BITMAIN, Degreed.

Is Palm Drive Capital actively investing?

Palm Drive Capital's most recent recorded investment was in Aug 2019.

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Palm Drive Capital key facts

Palm Drive Capital is a venture capital firm with 60 tracked portfolio companies.
Notable positions include Rippling, BITMAIN, Degreed.
PrivateMarketView records 2 deal participations by Palm Drive Capital.
Palm Drive Capital’s most recent recorded investment was in Aug 2019.
Palm Drive Capital has 4 funds on record, raising $104.6M across the 2 that report a size.
The team roster lists 6 people.

Investment focus

Its SEC Form ADV lists $263 million in regulatory assets under management across 30 private funds (Feb 2026).

Investment activity

Palm Drive Capital has no recorded round in the last two years; its 2 recorded rounds date from 2019 to Sep 2022. Most recently: Novig (seed round, Sep 2022) and Rippling (Series A, Aug 2019).

Palm Drive Capital portfolio at a glance

60 portfolio companies are on record for Palm Drive Capital, including Rippling, BITMAIN and Degreed.

30 of the 60 carry a recorded valuation and 1 have recorded secondary-market trades, the names a secondary buyer or seller can price.

Palm Drive Capital funds

4 funds are on record for Palm Drive Capital, totalling $105 million across the 2 that report a size. The most recent is Palm Drive Capital IV LP (2022 vintage), $41.9 million.

Palm Drive Capital team

6 people are on record at Palm Drive Capital. Senior names include Catherine Cai (Partner), Cathy Hwang (Venture Partner) and Henry Woram (Junior Partner). 5 of them have a verified direct contact on file.

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Palm Drive Capital at the SEC

Form ADV · 2026-02 · CRD 284014

Regulatory AUM: $262.7M
Private fund assets: $376.4M
Private funds: 30 · 30 venture
Staff: 7
Registered office: NEW YORK, NY
SEC status: Approved

Reports custody of client assets.

Source: SEC Investment Adviser Public Disclosure, Form ADV (registered as PALM DRIVE CAPITAL LLC).

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Portfolio

60 companies · priced for members

Company	Industry	Valuation	First invested	Role
Rippling	Business/Productivity Software	▮	▮	▮
BITMAIN	Semiconductors	▮	▮	▮
Degreed	Educational Software	▮	▮	▮
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Palm Drive Capital recent deals

2 recorded

Sep 2022NovigSeed▮

Aug 2019RipplingSeries A▮

amounts and lead flags are a member featureUnlock all 2 deals

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Funds

4 recorded

Palm Drive Capital IV LP2022$41.9M
Palm Drive Capital III LP2019$62.8M
Palm Drive Capital II LP2017—
Palm Drive Ventures I LP2015—

$104.6M raised across the 2 funds that report a size

Team

6 people on record — 5 with verified contacts

Partners, principals, and the people who answer a pitch. Pro members reveal contacts with credits.

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Frequently asked about Palm Drive Capital

What companies does Palm Drive Capital invest in?: Palm Drive Capital has 60 recorded portfolio companies, including Rippling, BITMAIN, Degreed.
Is Palm Drive Capital actively investing?: Palm Drive Capital's most recent recorded investment was in Aug 2019.