In 2015 was created UP2398, which is appeared as VC. The fund was located in North America if to be more exact in United States. The leading representative office of defined VC is situated in the Redwood City.
Besides, a startup needs to be aged 2-3 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight Bright Funds, Presdo, Currant. The fund has exact preference in some founders of portfolio startups. If startup sums 3 or 5+ of the founder, the chance for it to be financed is low. We can highlight the next thriving fund investment areas, such as Consumer Electronics, Mobile.
This organization was formed by Alex Poon, Pierre Omidyar, Randy Ching.
The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the UP2398, startups are often financed by Michael Coors, Y Combinator, Wellspring Growth Partners. The meaningful sponsors for the fund in investment in the same round are Telegraph Hill Capital, Spero Ventures, Precursor Ventures. In the next rounds fund is usually obtained by WME Ventures, True Ventures, Spero Ventures.
The fund is generally included in 7-12 deals every year. Speaking about the real fund results, this VC is 5 percentage points less often commits exit comparing to other organizations. The common things for fund are deals in the range of 5 - 10 millions dollars. The high activity for fund was in 2017.
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Notable deals
Company | Industry | Round Size | Date | Investors | Location |
Standard Fleet | $7M | 14 Jun 2023 | San Francisco, California, United States | ||
MakerDojo | $1M | 11 Oct 2022 | San Jose, California, United States | ||
Slapdash | $3M | 18 Mar 2021 | San Francisco, California, United States | ||
Rad AI | $8M | 20 Aug 2020 | Berkeley, California, United States | ||
INDUS.AI | $8M | 18 Sep 2019 | San Francisco, California, United States | ||
Currant | $7M | 01 Nov 2018 | Mountain View, California, United States | ||
Grips Intelligence | $2M | 26 Oct 2018 | Berlin, Berlin, Germany | ||
INDUS.AI | $3M | 24 Jul 2018 | San Francisco, California, United States | ||
Threadloom (Primary.org) | 09 Jul 2018 | Mountain View, California, United States |
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Latest deals
Company | Industry | Round Size | Date | Investors | Location |
Standard Fleet | $7M | 14 Jun 2023 | San Francisco, California, United States | ||
MakerDojo | $1M | 11 Oct 2022 | San Jose, California, United States | ||
Slapdash | $3M | 18 Mar 2021 | San Francisco, California, United States | ||
Rad AI | $8M | 20 Aug 2020 | Berkeley, California, United States | ||
INDUS.AI | $8M | 18 Sep 2019 | San Francisco, California, United States | ||
Currant | $7M | 01 Nov 2018 | Mountain View, California, United States | ||
Grips Intelligence | $2M | 26 Oct 2018 | Berlin, Berlin, Germany | ||
INDUS.AI | $3M | 24 Jul 2018 | San Francisco, California, United States | ||
Threadloom (Primary.org) | 09 Jul 2018 | Mountain View, California, United States |