Palm Drive Capital
New York, New York · Invests in US; Africa; LATAM; Asia; Europe; North America
Check size
$500K-$5M
Thesis
Palm Drive Capital was founded by three Stanford classmates who deliberately moved from Silicon Valley to New York to avoid Bay Area bidding wars and focus on reasonably priced, under-the-radar software companies from Hong Kong to Hoboken. The firm tracks ~5,000 companies annually in a proprietary database to systematically anticipate funding rounds and operates with the philosophy of spending more time helping struggling portfolio companies than winners, treating failure as a learning tool rather than quietly writing off troubled investments.
Partners & team
2 contacts on file
Cathy Hwang
Partner · Primary contact
Seamon Chan
Partner
Notable investments
- Rappi: Backed early in 2016, Rappi has scaled into Latin America’s premier "everything store" super-app.
- Rippling: An early bet on the now-massive HR, payroll, and IT management platform.
- Carta: Invested in the cap table, valuation, and equity management network powering the private startup ecosystem.
Palm Drive Capital in the news
FinTech Futures
ICYMI fintech funding round-up: Avenia, Levl, InvestSky, and more
5 months ago
Wilson Sonsini Advises Zania on $18 Million Series A
9 months ago
Private equity AI platform Keye emerges with $5m seed round
11 months ago
Singapore-based startup EduFi raises funding for its student loan platform
Nov 2023
Novig Announces $6.4M in Seed Funding from Leading Investors Ahead of Launch in Colorado
Aug 2023
Ohi Announces $19 Million Series A Funding Round
Oct 2021
Crypto finance startup Matrixport raises $100M at over $1B valuation
Aug 2021
How Seamon Chan Helps Fund Underserved Businesses Globally
Jul 2021
Venture Capital: Southern California and Asia
Aug 2020
Betting on the Failing Horse: An Interview with Seamon Chan, Palm Drive Capital
Jul 2020
Silicon Valley startup valuations are so out of control, these 2 investors moved to New York City to avoid the 'bidding wars' for big deals
Dec 2019
Palm Drive Capital looks to raise $100 million for new fund, double its previous effort
Nov 2019
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