Active

Illuminate Ventures

Investor type

PE / VC

Founded

2009

AUM

$150 M

Location

Oakland, California, United States

Investment Ticket

$10-50 m

Investment Stage

Seed Series A

Region of investment

North America
Investor profile last updated: 17 February, 2026

Profile

Illuminate’s focus is on finding, funding and accelerating great founders in the B2B/Enterprise cloud and mobile computing space. We focus on companies building SaaS applications as well as solutions that leverage data and mobility to improve business results. We seek innovative ideas led by talented teams – frequently bringing together diverse perspectives that marry “creative destruction” with new technologies to solve old problems in new ways.





Illuminate is typically a startup’s first institutional investor, but can also be a fit for an established company seeking its first equity financing. Our sweet spot is Series Seed rounds – filling the gap between angel capital and larger funding rounds of traditional VCs. When the timing is right, we collaborate with the best large-scale firms for the next round of financing, but we love lean start-ups that preserve flexibility in their early years.

Industry

Education Fashion/Beauty Marketing and Advertising Software Telecommunications Business Services (B2B) SaaS Machine Learning (ML) Financial Services Fintech Security Cybersecurity

Illuminate Ventures Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
Illuminate Ventures III, L.P.
Venture Capital (VC)
Business Services (B2B)
SaaS
Software
Machine Learning (ML)
Pre-seed
Seed
North America
$5-10 m
—
June 2024
Illuminate Ventures I
Venture Capital (VC)
Business Services (B2B)
Financial Services
Fintech
SaaS
Security
Software
Cybersecurity
Pre-seed
Seed
North America
$5-10 m
$20 M
November 2013
Illuminate Ventures SPV I
Venture Capital (VC)
Business Services (B2B)
Financial Services
Fintech
SaaS
Software
Cybersecurity
Pre-seed
Seed
North America
$5-10 m
$10 M
November 2020

Contacts

Name
Title
Email
avatar
Benjamin Bayat Investor
Investor
b•••@•••
avatar
Cindy Padnos Founder & Managing Partner
Founder & Managing Partner
c•••@•••
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Investment-team contacts for Illuminate Ventures — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Illuminate Ventures

Illuminate Ventures is a venture capital and private equity firm. It backs companies at Seed and Series A, writing tickets of $10-50 m.
Illuminate Ventures is located in Oakland, California, United States.
Illuminate Ventures was founded in 2009.
Illuminate Ventures invests in companies and startups in Education, Fashion/Beauty, Marketing and Advertising, Software, Telecommunications, Business Services (B2B), SaaS, Machine Learning (ML), Financial Services, Fintech, Security, Cybersecurity.
Illuminate Ventures invests in companies and startups in North America.
Illuminate Ventures invests in companies and startups at Seed, Series A.
Illuminate Ventures usually invests $10-50 m on average.
Illuminate Ventures has around $150m assets under management.
Illuminate Ventures last fund was created/launched in 2024-06-21
Illuminate Ventures can be reached through its website illuminate.com, its LinkedIn page and its X account. Its general enquiries address is contact@illuminate.com. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Illuminate Ventures — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 17 February, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.