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2048 Ventures

Founders Alex Iskold Paul Sethi

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 104
Average round size
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The average size of a deal this fund participated in
$1M
Portfolio companies 70
Rounds per year 17.33
Lead investments 33
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Exits 1
Key employees 2
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Health Care
  • Information Technology
  • Internet
  • Machine Learning
Summary

2048 Ventures is the famous VC, which was founded in 2018. The fund was located in North America if to be more exact in United States. The main department of described VC is located in the New York.

This organization was formed by Alex Iskold, Paul Sethi. We also calculated 2 valuable employees in our database.

Among the most successful fund investment fields, there are Biotechnology, Photography. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United Kingdom. Besides, a startup needs to be aged 4-5 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight MindMate.

Speaking about the real fund results, this VC is 55 percentage points more often commits exit comparing to other organizations. The high activity for fund was in 2019. The typical startup value when the investment from 2048 Ventures is 5-10 millions dollars. Deals in the range of 1 - 5 millions dollars are the general things for fund. The fund is generally included in 7-12 deals every year.

The standard case for the fund is to invest in rounds with 2-3 partakers. Despite the 2048 Ventures, startups are often financed by Techstars New York City Accelerator, Techstars, Right Side Capital Management. The meaningful sponsors for the fund in investment in the same round are Matchstick Ventures, Techstars Ventures, Techstars. In the next rounds fund is usually obtained by One Way Ventures, Indicator Ventures.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Century Health

$2M27 Mar 2024 -

Neobe Therapeutics

$2M29 Feb 2024 London, England, United Kingdom

TwoStep Therapeutics

$6M28 Feb 2024 Palo Alto, California, United States

Ripple AI

Advertising
CRM
Information Technology
Internet
Machine Learning
21 Feb 2024 -

Impilo

Health Care
Hospital
15 Feb 2024 Philadelphia, Pennsylvania, United States

Enurgen

$1M30 Oct 2023 -

Pageport

$1M16 Oct 2023 -

Bridge

18 Sep 2023 -

Aclid

Biopharma
Biotechnology
Life Science
$3M06 Jun 2023 New York, New York, United States
News
ConverseNow boosts restaurant-ordering AI with $15M raise

– ConverseNow, a startup developing a platform that automates orders at quick service drive-thru windows, announced that it closed a $15 million series A funding round led by Craft Ventures, with participation from LiveOak Venture Partners, Tensility Venture Partners, Knoll Ventures, Bala Investments, 2048 Ventures, Bridge Investments, Moneta Ventures, and angel investors.
– The proceeds bring the company’s total raised to date to $18.3 million, which CEO Vinay Shukla says will be put toward scaling and creating technologies like “digital line-busting” — some of which will roll out later this year.

Trucking Insurer Koffie Labs Raises $4.5 Million

– Koffie Labs (Koffie), an insurtech focused on reinventing the trucking and transportation markets, today announced it has raised $4.5m in venture financing.
Anthemis Group and Lerer Hippeau led two rounds of seed round financing with participation from 2048 Ventures, Plug and Play Ventures and C2 Ventures.
– Trucking insurance is an essential component of the broader $800b trucking industry and the backbone of the US economy. With commercial auto rates consistently increasing over the last decade, there are few viable options for fleets.
– Koffie uses telematics and advanced safety technology to underwrite trucking companies, rewarding fleets that invest in safety with discounted insurance premiums.

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Total investments 104
Average round size 1M
Rounds per year 17.33
Peak activity year 2021
Lead investments 33
Follow on index 0.29
Exits 1
Group Appearance index 0.68

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Century Health

$2M27 Mar 2024 -

Neobe Therapeutics

$2M29 Feb 2024 London, England, United Kingdom

TwoStep Therapeutics

$6M28 Feb 2024 Palo Alto, California, United States

Ripple AI

Advertising
CRM
Information Technology
Internet
Machine Learning
21 Feb 2024 -

Impilo

Health Care
Hospital
15 Feb 2024 Philadelphia, Pennsylvania, United States

Enurgen

$1M30 Oct 2023 -

Pageport

$1M16 Oct 2023 -

Bridge

18 Sep 2023 -

Aclid

Biopharma
Biotechnology
Life Science
$3M06 Jun 2023 New York, New York, United States
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