Westly Capital Management Iii, L.L.C.
SEC exempt reporting adviser (venture capital exemption).
- Website
- HTTPS://WWW.WESTLYGROUP.COM
- HQ
- CA
Westly Capital Management III is a firm that backs AI-native founders building in the physical economy. Its portfolio includes companies such as Noetive, Generalist, Squint, Magentic, AttoTude, Sightline, Tenet Security, and Luminar. Emily Fritze is a Partner and Jennifer Gunn is the Chief Financial Officer of The Westly Group.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Pre-seed, Seed, Series A, Growth | Not enough dated deals | Growth, Series A, Series B, Seed |
| Sectors | AI applications, Cybersecurity, Energy, Mobility, Robotics, Manufacturing | Not enough dated deals | Hardware, Energy, Data analytics, Climate hardware, Ecommerce |
| Regions | Global | Not enough dated deals | CA, NY |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2007 | 1 | Climate hardware, Enterprise SaaS |
| 2008 | 8 | Hardware, Energy, Mobility |
| 2009 | 3 | Climate hardware, Energy, Ecommerce |
| 2010 | 3 | Manufacturing, Advanced materials, Climate hardware |
| 2011 | 8 | Climate hardware, Energy, Ecommerce |
| 2012 | 7 | Construction and proptech, Data analytics, Enterprise SaaS |
| 2013 | 11 | Ecommerce, Logistics, Construction and proptech |
| 2014 | 10 | Data analytics, Ecommerce, Energy |
| 2015 | 7 | Hardware, Aerospace and defense, Consumer |
| 2016 | 2 | AI applications, Data analytics, Hardware |
| 2017 | 5 | Data analytics, Hardware, AI applications |
| 2018 | 5 | AI applications, Hardware, Manufacturing |
| 2019 | 11 | Energy, Hardware, Mobility |
| 2020 | 2 | AI applications, Cybersecurity, Hardware |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2010 | 0 | 0 | 0 | 1 | 1 |
| 2011 | 0 | 0 | 1 | 1 | 4 |
| 2012 | 0 | 1 | 0 | 0 | 1 |
| 2013 | 0 | 3 | 4 | 1 | 2 |
| 2014 | 0 | 1 | 5 | 1 | 1 |
| 2015 | 0 | 1 | 2 | 2 | 2 |
| 2016 | 0 | 0 | 0 | 0 | 2 |
| 2017 | 0 | 0 | 2 | 1 | 1 |
| 2018 | 0 | 1 | 2 | 1 | 0 |
| 2019 | 0 | 1 | 0 | 3 | 2 |
| 2020 | 0 | 1 | 0 | 0 | 1 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Westly Capital Partners Fund V, L.P. Backs AI-native founders building in the physical economy, including energy, AI, reindustrialization and robotics, mobility, and cybersecurity. Invests from pre-seed through early growth stages. Inferred from the firm's website | approx. 2026 | $500M (Form D) | Raising |
| Westly Seed Fund I, L.P. | 2022 | $99.95M to $100M (Form D) | Late investment period |
| Westly Capital Partners Fund IV, L.P. | 2020 | $297M (Form D) | Follow-ons only |
03 · People across funds
- Danny Cotter, Managing Member of the General Partner
Westly Capital Partners Fund V, L.P. (Named on Form D)
- Steve Westly, Managing Member of the General Partner
Westly Capital Partners Fund V, L.P. (Named on Form D); Westly Seed Fund I, L.P. (Named on Form D); Westly Capital Partners Fund IV, L.P. (Named on Form D)
- Tim Wang, Managing Member of the General Partner
Westly Seed Fund I, L.P. (Named on Form D)
- Emily Fritze, Partner
Westly Capital Partners Fund V, L.P. (Team); Westly Seed Fund I, L.P. (Team); Westly Capital Partners Fund IV, L.P. (Team)
- Jennifer Gunn, CFO
Westly Capital Partners Fund V, L.P. (Team); Westly Seed Fund I, L.P. (Team); Westly Capital Partners Fund IV, L.P. (Team)
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- HTTPS://WWW.WESTLYGROUP.COM
- https://westlygroup.com/contact/
- https://westlygroup.com/news/
- https://westlygroup.com/our-team/
- https://westlygroup.com/about/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026