About KTB Ventures
KTB Ventures is a venture capital firm founded in 1981. It is primarily based out of Palo Alto, United States. As of Sep 2021, KTB Ventures has invested in 69 companies. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it led the $79.3M Series G round of Blinkit along with SoftBank Vision Fund. This round also saw participation from Tiger Global Management and other investors.
Overall, KTB Ventures portfolio has seen 1 unicorn, 13 IPOs and 29 acquisitions including key companies like Blinkit, NoBroker and Focus Media. A lot of funds co-invest with KTB Ventures, with names like Intel Capital sharing a substantial percentage of its portfolio.
KTB Ventures has team of 10 people including 6 partners.
Key Metrics
Team Members
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Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series B, Series A &
Portfolio Unicorns
Portfolio Soonicorns
KTB Ventures' List of Top Investments
KTB Ventures has a portfolio of 69 companies, one of which is a Unicorn. Their most notable investments are in and Berkana Wireless.Their portfolio spans across United States, South Korea, ChinaÌý²¹²Ô»å 6 more locations. They have invested in Enterprise Applications, High Tech, ConsumerÌý²¹²Ô»å 26 other sectors, across stages such as Series B, Series A Ìý²¹²Ô»å 5 more. Here is the list of top investments by KTB Ventures:
1. Blinkit
Online platform offering instant grocery and essentials delivery. It provides access to daily staples, fresh produce, snacks, personal care items, and even electronics, with orders typically arriving within ten minutes. The service operates through a network of local fulfillment centers.
Key facts about Blinkit
- Founded Year: 2013
- Location: Gurugram (India)
- Annual Revenue: ₹1,930Cr as on Mar 31, 2024
- Last Known Valuation: $932M as on Sep 27, 2021
- Stage: Acquired
- Total Funding till date: $757M
- Employee Count: 5,975 as on Feb 28, 2025
- Investors: KTB Ventures, SoftBank Group and 34 Others
- Latest Funding Round: Conventional Debt, Mar 11, 2022, $150M
- Highlight: Acquired
2. NoBroker
Real estate technology company that provides a marketplace for buying and renting properties. It is a real estate technology company that provides online platforms for buying, selling, and renting residential properties. The company offers a range of services, including online property listings, rental management, and payment solutions, generate rent receipts and more.
Key facts about NoBroker
- Founded Year: 2013
- Location: Bengaluru (India)
- Annual Revenue: ₹888Cr as on Mar 31, 2024
- Valuation: ₹7,580Cr as on Nov 24, 2021
- Stage: Series E
- Total Funding till date: $368M
- Employee Count: 5,922 as on Apr 30, 2025
- Investors: KTB Ventures, General Atlantic and 20 Others
- Latest Funding Round: Series E, Mar 01, 2023, $5M
- Highlight: Editors' Pick
3. Focus Media
Cloud-based digital OOH advertising network. It is a digital media group founded in 2003 and is located in Shanghai. It offers features such as OOH ad campaign launching, segmentation, custom audience targeting & others to attract audiences. It advertises over commercial buildings, in-store, apartment elevators, large-scale outdoor LEDs, cinema advertising, etc. In 2021, the company recorded annual revenues of $2.35B and a net profit of $0.96B
Key facts about Focus Media
- Founded Year: 2003
- Location: Shanghai (China)
- Stage: Acquired
- Total Funding till date: $12.5M
- Employee Count: 8,415 as on Dec 31, 2017
- Investors: Capital Group, The Carlyle Group and 35 Others
- Latest Funding Round: Post IPO, Jun 21, 2018, $1.43B
- Highlight: Acquired

4. Inphi
Inphi is a provider of high-speed analog semiconductor solutions for the communications and computing markets in the United States. The company offers products that perform a range of functions, such as amplifying, encoding, multiplexing, demultiplexing, retiming, and buffering data and clock signals at speeds up to 100 Gbps. These products are enablers for servers, routers, switches, storage, and other equipment that process, store, and transport data traffic. Inphi sells its products directly to original equipment manufacturers (OEMs) and indirectly to OEMs through module manufacturers, original design manufacturers, and sub-systems providers.
Key facts about Inphi
- Founded Year: 2000
- Location: San Jose (United States)
- Annual Revenue: $683M as on Dec 31, 2020
- Stage: Acquired
- Total Funding till date: $78.5M
- Employee Count: 474 as on Dec 31, 2022
- Investors: Herald Investment Management, KTB Ventures and 12 Others
- Latest Funding Round: Post IPO, Apr 24, 2020, $440M
- Highlight: Acquired
5.
Mobile game developer and publisher. It has developed multiple games including Ace Fishing - Wild Catch a casual game, MLB 9 Innings GM - a baseball team management and simulation game, and Summoners War Sky Arena - a fantasy MMORPG for mobile devices. It generates revenue through the freemium model. The games are available for iOS and Android users.
Key facts about Com2uS
- Founded Year: 1998
- Location: Seoul (South Korea)
- Stage: Acquired
- Total Funding till date: $8M
- Investors: KTB Ventures, M Venture Investment and
- Latest Funding Round: Series A, Aug 30, 2005, $8M
- Highlight: Acquired
KTB Ventures' Year-on-Year Investment Trends
KTB Ventures has invested in 69 companies over the last 23 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in and most recent follow-on round was in Blinkit.
Year | No. of Investments | ||
---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 2 | 1 | 3 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
2017 | 0 | 0 | 0 |
2016 | 1 | 0 | 1 |

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KTB Ventures' Investments by Stage
KTB Ventures has made 8 investments in Series B stage with an average round size of $21.2M, 6 investments in Series A stage with an average round size of $7.5M and 4 investments in Series C stage with an average round size of $20.8M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
---|---|
Series B | 8 |
Series A | 6 |
Series C | 4 |
Series D | 3 |
Seed | 2 |
Others | 2 |
KTB Ventures' Investments by Sector
KTB Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, High Tech, Semiconductors and Mobile. Notably, it has invested in 50 Tech companies, 41 Enterprise (B2B) companies, 22 Consumer (B2C) companies and at least 22 companies focusing on Tech hardware.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
---|---|
Consumer | 6 |
Enterprise Applications | 6 |
High Tech | 4 |
Semiconductors | 4 |
Mobile | 3 |
Others | 18 |
KTB Ventures' Investments by Geography
KTB Ventures has made most investments in United States (13), followed by China where it has made 5 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
---|---|
United States | 13 |
China | 5 |
South Korea | 4 |
India | 2 |
Germany | 1 |
KTB Ventures' recent investments
Here are the most recent investments by KTB Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
---|---|---|---|---|---|
Sep 27, 2021 | India | Series G | $79.3M | SoftBank Vision Fund [+3] | |
Aug 2021 | China | Series A | Undisclosed | [+2] | |
Jun 23, 2021 | United States | Series A | $9.5M | Smilegate [+1] | |
Dec 18, 2018 | India | Series F | $221M | SoftBank Vision Fund [+3] | |
Dec 18, 2016 | India | Series B | $7.36M | Beenext [+7] |
Unicorns in KTB Ventures' Portfolio
Here is a list of unicorns in KTB Ventures' portfolio:
IPOs and Publicly Listed companies in KTB Ventures' Portfolio
Here are KTB Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
Jan 24, 2025 | - | - | - | |
Jul 06, 2021 | - | - | - | |
Oct 16, 2018 | - | - | - | |
Aug 05, 2015 | - | - | - | |
Jan 30, 2013 | - | - | - |
Acquired companies in KTB Ventures' Portfolio
Here are KTB Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
---|---|---|---|---|
Jun 24, 2022 | Dec 18, 2018 | Series F | $221M | |
May 17, 2021 | - | - | - | |
Oct 29, 2020 | - | - | - | |
Sep 01, 2020 | Mar 18, 2002 | Series B | $52M | |
Apr 05, 2016 | Jul 16, 2007 | Series C | $19M |
Team profile of KTB Ventures
KTB Ventures has a team of 10 membersÌýincluding 6 Partners and 1 PrincipalÌýlocated in United States, China and . KTB Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in KTB Ventures:
Name | Designation | Location | Board Memberships | Contact details |
---|---|---|---|---|
Partner | Seoul | - | - | |
Partner | Shanghai | - | - | |
Partner | San Francisco | - | - | |
Partner | San Francisco | - | - | |
Partner | - | - | - | |
Partner | - | - | - | |
Principal | Palo Alto | - | ||
Analyst | Redwood City | - | - |
Co-investors of KTB Ventures
Over the past 23 years, 154 investors have co-invested in KTB Ventures's portfolio companies.
- Invested before KTB Ventures:ÌýStorm Ventures, Sequoia Capital and 68 others have invested in rounds before KTB Ventures. There are 3 companies where Storm Ventures has invested before KTB Ventures and 3 companies where Sequoia Capital has invested before KTB Ventures.
- Top Co-investors of KTB Ventures:Ìý53 investors entered a company along with KTB Ventures. These include investors like Intel Capital (2 companies).
- Invested after KTB Ventures:ÌýA total of 31 investors have invested in KTB Ventures's portfolio after their investments. Top Investors include Zomato (1 company), Euler Capital (1 company) and Abu Dhabi Capital Group (1 company).

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