Notable Capital — Investment Thesis & Preferences

01Investment Thesis

Anchored, Globally Minded.

Exclusion Criteria

Not focused on biotech, hardware, gaming, clean energy/climate tech, or non-technology consumer brands.

02Investment Team

GS

Glenn Solomon

Managing Partner

HT

Hans Tung

Managing Partner

JR

Jeff Richards

Managing Partner

OY

Oren Yunger

Managing Partner

DC

Dan Cahana

Principal

CT

Chelcie Taylor

Principal

LH

Laura Hamilton

Investor

03F4 Research Brief

Notable Capital Research

Overview

Notable Capital is a Silicon Valley-based venture capital firm managing approximately $5 billion in assets. Originally founded as GGV Capital in 2000, the firm rebranded as Notable Capital in March 2024 when the US-focused partnership separated from its Asia-focused counterpart (which became Granite Asia). The firm operates with a "U.S. Anchored, Globally Minded" philosophy, backing ambitious founders from the earliest stages through exit.

With 25 years of investing history, Notable has backed 32 companies that achieved IPOs, including Airbnb (ABNB), Affirm (AFRM), Coinbase (COIN), DraftKings (DKNG), and Opendoor (OPEN). The firm currently counts 28 unicorns in its portfolio.

Investment Thesis

Notable Capital invests in founders pursuing category-defining opportunities across technology. The firm focuses on three core areas:

Cloud Infrastructure & AI: Developer tools, database technology, security platforms, and AI-native infrastructure. Notable has backed foundational infrastructure companies like HashiCorp (acquired by IBM for $6.4B), Vercel, Neon (acquired by Databricks for $1B), Browserbase, and fal.ai.
Enterprise Software & Applications: AI-driven business applications, vertical SaaS, and workflow automation. Portfolio includes Drata (compliance automation), Handshake (workforce platform), Crosschq (AI hiring), and 6Sense (revenue AI).
Consumer Tech & Fintech: Global consumer platforms and fintech with broad adoption. Portfolio includes Airbnb, Affirm, Coinbase, Quince, Ibotta, StockX, and Latin American fintech companies Clara and Stori.

The firm emphasizes backing founders with global ambitions, with particular strength in identifying US-anchored companies that scale internationally, as well as international founders (particularly from Israel) building for US markets.

Stage Focus and Check Size

Notable invests across the early-to-growth spectrum, with check sizes ranging from approximately $5M to $50M. The firm deploys capital at Seed, Series A, Series B, and Series C stages. The firm actively leads rounds, as evidenced by leading fal's $49M Series B (February 2025), Browserbase's $40M Series B (June 2025), and Wispr's $25M Series A Extension (November 2025).

Geographic Focus

The firm primarily invests in US-based companies but has a strong global perspective:

United States: Primary market, with offices in Menlo Park (HQ), San Francisco, and New York
Israel: Particularly cybersecurity and deep tech; Oren Yunger leads Israeli investments
Europe: Selective investments in European tech companies
Latin America: Fintech focus (Clara, Stori, Turtlemint)

Team

Notable Capital's investment team is led by four Managing Partners:

Glenn Solomon (Managing Partner): Leads the Cloud Infrastructure & AI practice with 25+ years of VC experience. Stanford graduate (BS and MBA, Arjay Miller Scholar). Board member at Vercel, BitSight, Browserbase, and others. Led investments in HashiCorp, Slack, Airbnb, Neon, and Browserbase.

Hans Tung (Managing Partner): Focuses on AI-driven prosumer, commerce, and fintech. Forbes Midas List for 13 consecutive years (top 10 for 5 years). Originally from Taiwan with deep Asia expertise. Board member at Affirm, Airbnb, Ibotta, Wispr, Quince, and others. Led investments in Coinbase, ByteDance/TikTok, Anthropic, and RedNote.

Jeff Richards (Managing Partner): Focuses on AI-driven business applications and vertical SaaS. Former entrepreneur who founded R4 (acquired by VeriSign) and QuantumShift. Joined the firm in 2008. Board member at Handshake, Brightwheel, Slice, and Electric.ai. Created the firm's Founders + Leaders program.

Oren Yunger (Managing Partner): Leads the firm's cybersecurity practice. Former CISO at a public financial institution. Co-founded SVCI (CISO angel syndicate) and InvestInData. Leads Israeli investments. Board member at Orca Security, Drata, Descope, Monte Carlo, Coder, Torq, and others. Launched the Rising in Cyber annual recognition list.

Dan Cahana (Principal): Focuses on Cloud Infrastructure & AI, Cybersecurity, Data, and Israeli investments. Former General Atlantic growth investor. Co-founded InvestInData. Based in New York. Board member at Inngest; board observer at Browserbase and Vercel.

Chelcie Taylor (Principal): Focuses on AI-driven software across enterprise and vertical markets including healthcare, legal, and financial services. Former roles at Google, CBS, and MediaLink. Harvard Business School MBA, Princeton BA. 2024 NVCA Rising Star Award. Board observer at Wispr.

Laura Hamilton (Investor): Focuses on cloud infrastructure investments. Former Spring Mountain Capital (B2B software and digital healthcare). Co-hosts the InProd podcast on AI-first companies. Supports FemBuild Collective. Board observer at Clover Security.

Recent Activity (2025-2026)

Notable had an extraordinary year in 2025:

New Investments: Anthropic, Browserbase, Clover Security, dub, Phia, Wispr (plus two unannounced companies)
Follow-on Investments: fal, Quince, Vercel, Descope
Major Exits: HashiCorp ($6.4B IBM acquisition, completed February 2025), Neon ($1B Databricks acquisition, May 2025), Nozomi Networks ($1B Mitsubishi Electric acquisition)
Research/Content: Published agentic AI infrastructure research, consumption-based pricing analysis, Rising in Cyber report (with Morgan Stanley), launched NextGen AI Fellowship
Portfolio Milestones: fal raised $140M Series D led by Sequoia (December 2025)

In 2026, the firm invested in VIAVIA (Series B, March 2026) and launched Rising in Cyber 2026, their annual cybersecurity recognition program.

Decision Process

Notable operates as a true partnership with multiple Managing Partners. Deals are typically owned by the partner closest to the sector — Glenn Solomon leads cloud infrastructure/AI deals, Hans Tung leads consumer/fintech/Asia deals, Jeff Richards leads enterprise SaaS deals, and Oren Yunger leads cybersecurity/Israel deals. Partners have worked together for an average of 15 years. Decision timelines appear to be in the 1-2 month range for new investments.

Portfolio Highlights

Notable's portfolio has generated exceptional returns over 25 years:

32 IPOs from portfolio founders
28 unicorns in current portfolio
Notable Public Exits: Airbnb (ABNB), Affirm (AFRM), Coinbase (COIN), DraftKings (DKNG), Opendoor (OPEN), Ibotta
Notable M&A Exits: Slack to Salesforce, HashiCorp to IBM ($6.4B), Neon to Databricks ($1B), Streamlit to Snowflake, HotelTonight to Airbnb, Gem Security to Wiz, Nozomi Networks to Mitsubishi Electric ($1B)