About Gula Tech Adventures
Gula Tech Adventures is a venture capital firm founded in 2017. It is primarily based out of Ellicott City, United States. As of Feb 2025, Gula Tech Adventures has invested in 57 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it led the $3.5M Seed round of along with USM. This round also saw participation from Abell Foundation and other investors.
Overall, Gula Tech Adventures portfolio has seen 3 unicorns, 2 IPOs and 13 acquisitions including key companies like Tenable, Huntress and Flashpoint. A lot of funds co-invest with Gula Tech Adventures, with names like Alumni Ventures sharing a substantial percentage of its portfolio.
Gula Tech Adventures has team of 4 people including 4 partners.
Key Metrics
Team Members
Ron Gula, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Gula Tech Adventures' Year-on-Year Investment Trends
Gula Tech Adventures has invested in 57 companies over the last 8 years, with an average of 4 new investments annually in the last 5 years. In 2024, it made 1 investment, while as of Feb 2025, it has made 1 investment in this year. Its most recent first time investment was in Sandfly Security and most recent follow-on round was in RAD Security.
Year | No. of Investments | ||
---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 1 | 1 |
2024 | 1 | 0 | 1 |
2023 | 0 | 0 | 0 |
2022 | 8 | 2 | 10 |
2021 | 8 | 1 | 9 |
2020 | 1 | 0 | 1 |
2019 | 3 | 2 | 5 |
2018 | 4 | 1 | 5 |
2017 | 1 | 0 | 1 |

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Gula Tech Adventures' Investments by Stage
Gula Tech Adventures has made 13 investments in Seed stage with an average round size of $3.83M, 9 investments in Series A stage with an average round size of $9.23M, 2 investments in Series B stage with an average round size of $27.5M, 1 investment in Series C stage with an average round size of $20M and 1 investment in Series D stage with an average round size of $150M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Seed | 13 |
Series A | 9 |
Series B | 2 |
Series C | 1 |
Series D | 1 |
Gula Tech Adventures' Investments by Sector
Gula Tech Adventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Artificial Intelligence - Industry Applications and Business Services. Notably, it has invested in 51 Tech companies, 49 Enterprise (B2B) companies, 40 Software companies and at least 28 companies focusing on Saas.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Enterprise Applications | 18 |
Enterprise Infrastructure | 18 |
High Tech | 9 |
Artificial Intelligence - Industry Applications | 4 |
Business Services | 3 |
Others | 7 |
Gula Tech Adventures' Investments by Geography
Gula Tech Adventures has made most investments in United States (23), followed by Canada where it has made 1 investment.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
United States | 23 |
Canada | 1 |
China | 1 |
New Zealand | 1 |
United Kingdom | 1 |
Gula Tech Adventures' recent investments
Here are the most recent investments by Gula Tech Adventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Feb 24, 2025 | United States | Series A | $14M | Cheyenne Ventures [+5] | |
Mar 25, 2024 | New Zealand | Seed | Undisclosed | ||
Nov 18, 2022 | United States | Seed | $3.5M | [+3] | |
Nov 03, 2022 | United States | Series A | $32M | Moore Ventures [+7] | |
Aug 02, 2022 | United States | Series C | $25M |
Unicorns in Gula Tech Adventures' Portfolio
Here is a list of unicorns in Gula Tech Adventures' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
---|---|---|---|---|---|---|---|
54 | Artificial intelligence based antivirus solution provider | 2021 | - | Series C | pieeqfy | ||
65 | Provider of cybersecurity suite solutions | 2015 | Ellicott City | Series D | p{o{ebs | ||
55 | Cloud based platform offering application self protection solutions | 2014 | Los Altos | Series E | luwcnd{ |
IPOs and Publicly Listed companies in Gula Tech Adventures' Portfolio
Here are Gula Tech Adventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
Jul 26, 2018 | - | - | - | |
Apr 07, 2012 | - | - | - |
Acquired companies in Gula Tech Adventures' Portfolio
Here are Gula Tech Adventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
Dec 18, 2024 | - | - | - | |
Aug 06, 2024 | - | - | - | |
Jul 09, 2024 | Aug 12, 2019 | Series A | $8.1M | |
Jan 04, 2022 | Apr 07, 2021 | Seed | Undisclosed | |
Nov 01, 2021 | - | - | - |
Team profile of Gula Tech Adventures
Gula Tech Adventures has a team of 4 membersÌýincluding 4 PartnersÌýlocated in United States and India. Gula Tech Adventures' team does not sit on the board of any company as of now.Here is a list of all team members in Gula Tech Adventures:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Columbia | - | ||
Partner | Columbia | - | ||
Partner | Nashville | - | ||
Partner | Delhi | - |
Co-investors of Gula Tech Adventures
Over the past 8 years, 170 investors have co-invested in Gula Tech Adventures's portfolio companies.
- Invested before Gula Tech Adventures:ÌýForgePoint Capital, Inner Loop Capital and 63 others have invested in rounds before Gula Tech Adventures. There are 2 companies where ForgePoint Capital has invested before Gula Tech Adventures and 2 companies where Inner Loop Capital has invested before Gula Tech Adventures.
- Top Co-investors of Gula Tech Adventures:Ìý73 investors entered a company along with Gula Tech Adventures. These include investors like Alumni Ventures (2 companies).
- Invested after Gula Tech Adventures:ÌýA total of 32 investors have invested in Gula Tech Adventures's portfolio after their investments. Top Investors include Insight Partners (2 companies), Sapphire Ventures (1 company) and Canadian Imperial Bank of Commerce (1 company).

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Recent News related to Gula Tech Adventures
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SecurityWeek•Feb 24, 2025•RAD Security, ForgePoint Capital, Lytical Ventures, Akamai and 3 others
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