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Heavybit

Founders James Lindenbaum Tom Drummond

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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 96
Average round size
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The average size of a deal this fund participated in
$12M
Portfolio companies 59
Rounds per year 8.73
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.39
Exits 16
Key employees 2
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • SaaS
  • Developer Tools
  • Information Technology
  • Enterprise Software
Summary

Heavybit is the famous Corporate Investor, which was founded in 2013. The venture was found in North America in United States. The main department of described Corporate Investor is located in the San Francisco.

This organization was formed by James Lindenbaum, Tom Drummond.

Among the various public portfolio startups of the fund, we may underline CircleCI, Sanity, Moesif Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. The fund has exact preference in some founders of portfolio startups. In case when startup counts 1 or 5+ of the founder, the chance for it to get the investment is meager. We can highlight the next thriving fund investment areas, such as Security, SaaS. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

The typical case for the fund is to invest in rounds with 5-6 participants. Despite the Heavybit, startups are often financed by Plug and Play, Boldstart Ventures, Harrison Metal. The meaningful sponsors for the fund in investment in the same round are Boldstart Ventures, Top Tier Capital Partners, Threshold. In the next rounds fund is usually obtained by Threshold, Vertex Ventures US, Vertex Ventures.

The average startup value when the investment from Heavybit is 50-100 millions dollars. The common things for fund are deals in the range of 10 - 50 millions dollars. The important activity for fund was in 2018. The fund is generally included in 2-6 deals every year.

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These funds have a tendency to invest in the following rounds after Heavybit:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Replicate

$40M05 Dec 2023 -

Continue

Software
$2M14 Nov 2023 San Francisco, California, United States

Metrist

Application Performance Management
Cloud Data Services
Cloud Infrastructure
Developer APIs
Developer Tools
SaaS
Software
$5M02 Nov 2022 San Francisco, California, United States

Metrist

Application Performance Management
Cloud Data Services
Cloud Infrastructure
Developer APIs
Developer Tools
SaaS
Software
$4M01 Nov 2022 San Francisco, California, United States

Jeli.io

Information Technology
SaaS
Software
$15M28 Sep 2022 San Francisco, California, United States

groundcover

Software
$20M14 Sep 2022 Tel Aviv, Tel Aviv, Israel

Mobot

B2B
Developer Tools
Mobile Apps
Quality Assurance
Robotics
Software
$12M15 Aug 2022 New York, New York, United States

Tailscale

Cyber Security
Information Technology
Infrastructure
Network Security
Security
$100M04 May 2022 Old Toronto, Ontario, Canada

Radar

Developer Tools
IT Infrastructure
Location Based Services
Mobile Apps
SaaS
Software
$55M08 Feb 2022 New York, New York, United States
News
Replicated Raises $50M in Series C Funding

– Replicated is a Culver City CA-based provider of solutions for software vendors to operationalize and scale the delivery of their applications into complex enterprise multi-prem environments.
– The company raised $50m in Series C funding.
– The round was led by Owl Rock with participation from Lead Edge Capital, Headline, Two Sigma Ventures, Amplify Partners, BoldStart, Ridgeline, and Heavybit.
– The new investment will be used to accelerate growth and expand into more global markets.

Aserto Raises $5.1 Million Seed to Launch Authorization Service

– Aserto announced the launch of its authorization as a service company, making it easy for developers to build enterprise-ready SaaS applications.
Costanoa Ventures led the $5.1m Seed financing round with participation from Heavybit Industries as well as angel investors Bob Muglia, former CEO of Snowflake; Mathias Biilmann Christensen, co-founder/CEO of Netlify; and Tom Preston-Werner, co-founder of GitHub.
– Aserto leverages its founders’ unique expertise to create the definitive developer API for authorization in SaaS applications. Its opinionated framework provides 80% of the heavy lifting required to build enterprise-ready permissions and RBAC, reducing time to market and making it easier to sell into enterprises.

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Total investments 96
Average round size 12M
Rounds per year 8.73
Peak activity year 2020
Lead investments 2
Follow on index 0.39
Exits 16
Group Appearance index 0.54

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Replicate

$40M05 Dec 2023 -

Continue

Software
$2M14 Nov 2023 San Francisco, California, United States

Metrist

Application Performance Management
Cloud Data Services
Cloud Infrastructure
Developer APIs
Developer Tools
SaaS
Software
$5M02 Nov 2022 San Francisco, California, United States

Metrist

Application Performance Management
Cloud Data Services
Cloud Infrastructure
Developer APIs
Developer Tools
SaaS
Software
$4M01 Nov 2022 San Francisco, California, United States

Jeli.io

Information Technology
SaaS
Software
$15M28 Sep 2022 San Francisco, California, United States

groundcover

Software
$20M14 Sep 2022 Tel Aviv, Tel Aviv, Israel

Mobot

B2B
Developer Tools
Mobile Apps
Quality Assurance
Robotics
Software
$12M15 Aug 2022 New York, New York, United States

Tailscale

Cyber Security
Information Technology
Infrastructure
Network Security
Security
$100M04 May 2022 Old Toronto, Ontario, Canada

Radar

Developer Tools
IT Infrastructure
Location Based Services
Mobile Apps
SaaS
Software
$55M08 Feb 2022 New York, New York, United States
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