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Devdutt Yellurkar

Founder of Propeller

New York, New York

Overview 

Devdutt Yellurkar is a General Partner at CRV and a co-founder & partner at Propeller, with a focus on investing in Series A and Seed stage companies in sectors like Developer Tools, Cloud Infrastructure, and SaaS in the San Francisco Bay Area. He has played key roles in the success of companies like Postman, Standard Cognition, Kong, Gatsby, and others, leading investments in their growth and serving as a board member to provide strategic guidance.

Work Experience 

  • Co-founder & Partner

    2022 - Current

Propeller operates as a climate-tech fund that invests in and builds ocean-climate companies.

  • General Partner

    2008

CRV is a venture capital firm that invests in investments in technology companies.

  • Board Member

    2019

    Met Abhinav in 2015 when he was just starting up. Postman is the collaboration hub for building, testing and deploying APIs and microservices. We stayed in touch over the next few years and in mid 2019, we led the Series B round.

Postman is a software company that offers a platform for the users to design, develop, test, and organize custom APIs.

Raised $433,000,000.00 from Gokul Rajaram, Battery Ventures, Nexus Venture Partners, Insight Partners, Sahin Boydas, CRV, Coatue, Girish Mathrubootham, Bond and Junipero Capital.

  • Board Member

    2018

    Loved the audacity of the mission and the quiet confidence and the deep technical chops of the founders. Led the seed round and then co-led their series A round in late 2018. Watch this company!

  • Board Member

    2017

    Clouds make storage and compute elastic but networking to the Cloud is still inflexible and complicated. Met Sherry late in 2016 and she showed us how Aviatrix was helping their customers make the cloud networking simple and secure. Steve Mullaney joined as CEO in 2019.

Aviatrix® is the cloud networking expert. It is on a mission to make cloud networking simple so companies stay agile.

Raised $340,800,000.00 from CrossWork.us.

  • Board Member

    2014

    Amir & Alex are repeat entrepreneurs who are building a subscription commerce platform that serves both merchants as well as consumers. Just getting started

  • Board Member

    2013

    We met Aghi and Marco when they just getting settled in San Francisco. Even then, they were talking about how software development is going to radically change and have been at the forefront of the API & Microservices wave.

Kong is a cloud-native platform that powers API-led connectivity for developer productivity, automating security, and microservices.

Raised $344,101,000.00 from CRV, Tiger Global Management, Notable Capital, Balderton Capital, 137 Ventures, Teachers’ Venture Growth, Index Ventures, Sapphire Ventures and Andreessen Horowitz.

  • Board Member

    2008

    My first venture investment! Beerud Sheth and his team have built a mobile messaging platform that has delivers messages for the public community of 60+m consumers as well as enterprises.

GupShup develops a conversational messaging platform designed to automate business conversations.

Raised $484,130,000.00 from Tiger Global Management, White Oak Global Advisors, Neuberger Berman Loan Advisers Holdings, Harbor Spring Capital, Fidelity, Neeraj Arora, Think Investments, Malabar Investment Advisors, Tiger Global Management and Tiger Global Management.

  • Board Member

    2019 - 2023

    We met Kyle and Sam in 2017 as we were mapping out the JAMStack ecosystem. And then this happened... https://medium.com/crv-insights/the-web-re-invented-again-a3f3328c1cb9

Gatsby is a Software-as-a-service open source web development tool and framework which is customizable and extensible for any purpose.

Raised $46,800,000.00 from CRV, Index Ventures and Trinity Ventures.

  • Board Member

    2011 - 2021

    We met Thomas at Zendesk and invested in his seed round when he & his brother, Christian, decided to strike out on their own. We were impressed with the founders who have gone on to deliver a terrific product and even better business model. OneLogin delivers an enterprise-grade cloud identity service wrapped in a beautiful UI. The company was acquired by Quest Software in October 2021

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