Meritech Capital

Overview

The Fund VIII size comes from a SEC Form D filed June 2022 ($1.1B sold).

Notable portfolio companies

• Snowflake
• Datadog
• Roblox
• Salesforce
• Tableau
• Flock Safety
• Wealthsimple
• Kalshi

Funds

LPs on the record

3 private foundations list on their latest IRS Form 990-PF, and 8 other LPs report holding Meritech Capital’s funds.

• State of Michigan Retirement System (SMRS) Public pension plan · 7 funds
• Franklin Lexington Private Markets Fund Registered fund · 6 funds
• Richard King Mellon Foundation Private foundation · 5 funds

8 more LPs are in the app. Find LPs that back firms like this one in Hottub’s LP Intelligence: ranked by overlap, with what each holds and how to reach it.

Firms whose LPs overlap

The firms sharing the most LPs on record with Meritech Capital, relative to how many LPs each has. A peer set like this is what Find LPs ranks LPs from.

• Lightspeed India 2 LPs in common
• New Leaf Venture Partners 2 LPs in common
• Questmark Management Company, LLC 2 LPs in common
• Pear VC 2 LPs in common
• Battery Ventures 4 LPs in common
• Accel India 2 LPs in common

Find LPs for Meritech Capital and these firms: Hottub ranks the LPs that hold their funds, the ones still adding funds first.

Reported fund performance

As reported by public LPs that invested in these funds, net of fees. “Versus vintage” ranks each fund against every other fund of the same vintage in that LP’s report, mostly private equity and venture funds. Open a fund for its cash flows and full peer ranking.

State of Michigan Retirement System (SMRS): State of Michigan Investment Board Report: SMRS Private Equity, Net Market Value by Entity, as of December 31, 2025. The State of Michigan Investment Board lists each private equity entity with only two amounts, an "Adjusted Reported Value" (shown here as the market value, in whole dollars as printed) and an "Unfunded Commitment" (not shown). It reports no commitment amount, contributions, distributions, vintage year, multiple or IRR per fund, so committed, paid-in, distributed, total value, IRR, TVPI and DPI are blank; nothing is derived or estimated. The report does not define how the reported value is adjusted. Every entity in the Private Equity table is included as classified by the Board (buyout, growth, venture, secondaries, co-investment and separate-account vehicles); the Real Estate and Infrastructure, Real Return and Opportunistic, and Absolute Return tables are not imported. The entities add up to the Board's printed Total of $24,750,150,762 reported value and $7,378,170,291 unfunded; its "Short Term Investments and Other" and "Income Accruals" lines are not funds and are left out. 4 entities are marked by the Board as new commitments made during the quarter. View source

Pennsylvania SERS: SERS Quarterly Private Equity Board Update, Schedule of Investments by Sector, as of December 31, 2025. IRR and TVM (total value multiple) as reported by SERS in a quarterly update prepared by StepStone Group. The schedule's column is headed "IRR"; the report says "Net IRR is net of managers' fees, expenses, and carried interest" and that, unless otherwise indicated, performance is net of fees and expenses charged by the underlying investment but gross of StepStone vehicle/account fees and expenses. It also says the figures were prepared by StepStone on behalf of SERS and not provided by any general partner, and that IRR and TVM for certain vehicles may have been impacted by subscription-backed credit facilities. Total value = market value + distributions; TVPI is SERS's TVM recomputed to two decimals from the reported amounts (SERS prints one decimal) and DPI = distributions / contributions is computed. SERS marks some partnerships NM ("Not Meaningful", no rule stated) and leaves the TVM and IRR cells, and usually the market value, empty for 29 others; those fields are blank here. Covers the buyout, growth equity and special situations partnerships on the schedule; the Keystone Legacy Fund line (SERS's pooled non-core legacy funds) and the separate legacy private credit schedule are not included. Commitments to non-USD funds reflect current exchange rates. View source