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eLab Ventures

Founders Doug Neal Rick Bolander Robert Stefanski

Overview

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 31
Average round size
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The average size of a deal this fund participated in
$6M
Portfolio companies 17
Rounds per year 3.10
Lead investments 7
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.45
Exits 1
Key employees 5
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Artificial Intelligence
  • Information Technology
  • Automotive
  • SaaS
Summary

eLab Ventures appeared to be the VC, which was created in 2013. 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 Ann Arbor.

The increased amount of exits for fund were in 2017. This eLab Ventures works on 23 percentage points less the average amount of lead investments comparing to the other organizations. The fund is generally included in 2-6 deals every year. The real fund results show that this VC is 24 percentage points more often commits exit comparing to other companies. The common things for fund are deals in the range of 5 - 10 millions dollars. The top activity for fund was in 2015. Despite it in 2019 the fund had an activity.

Among the most popular portfolio startups of the fund, we may highlight Clinc, Sight Machine, Aperia Technologies. 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 fund investment industries, there are SaaS, Information Technology. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. The fund has no 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.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the eLab Ventures, startups are often financed by Wakestream Ventures, Grand Angels, VMware. The meaningful sponsors for the fund in investment in the same round are Wakestream Ventures, VMware, Upslope Ventures. In the next rounds fund is usually obtained by Hyde Park Venture Partners, Wakestream Ventures, Two Roads Group.

This organization was formed by Doug Neal, Robert Stefanski. Besides them, we counted 4 critical employees of this fund in our database.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of eLab Ventures:
Typical Co-investors
eLab Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after eLab Ventures:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar geography of portfolio companies:
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Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

BlastPoint

Data Integration
Data Visualization
Software
$5M14 Nov 2023 Pittsburgh, Pennsylvania, United States

Verge Aero

Aerospace
Software
$3M01 Sep 2022 Philadelphia, Pennsylvania, United States

pulsESG

Information Technology
SaaS
Software
$8M20 Oct 2021 San Francisco, California, United States

MemryX

Artificial Intelligence
Information Technology
12 May 2021 Ann Arbor, Michigan, United States

Traxen

Autonomous Vehicles
Transportation
$4M02 Apr 2021 Michigan, United States

Refraction AI

Artificial Intelligence
Automotive
Information Technology
Logistics
Robotics
Supply Chain Management
$4M08 Mar 2021 Ann Arbor, Michigan, United States

Cobalt

Cloud Security
Enterprise Applications
Penetration Testing
SaaS
Security
$29M20 Aug 2020 San Francisco, California, United States

Refraction AI

Artificial Intelligence
Automotive
Information Technology
Logistics
Robotics
Supply Chain Management
$5M01 Jun 2020 Ann Arbor, Michigan, United States

Voxel51

Analytics
Artificial Intelligence
Computer Vision
Machine Learning
Software
$2M08 Aug 2019 Ann Arbor, Michigan, United States

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Total investments 31
Average round size 6M
Rounds per year 3.10
Peak activity year 2015
Lead investments 7
Follow on index 0.45
Exits 1
Group Appearance index 0.81

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

BlastPoint

Data Integration
Data Visualization
Software
$5M14 Nov 2023 Pittsburgh, Pennsylvania, United States

Verge Aero

Aerospace
Software
$3M01 Sep 2022 Philadelphia, Pennsylvania, United States

pulsESG

Information Technology
SaaS
Software
$8M20 Oct 2021 San Francisco, California, United States

MemryX

Artificial Intelligence
Information Technology
12 May 2021 Ann Arbor, Michigan, United States

Traxen

Autonomous Vehicles
Transportation
$4M02 Apr 2021 Michigan, United States

Refraction AI

Artificial Intelligence
Automotive
Information Technology
Logistics
Robotics
Supply Chain Management
$4M08 Mar 2021 Ann Arbor, Michigan, United States

Cobalt

Cloud Security
Enterprise Applications
Penetration Testing
SaaS
Security
$29M20 Aug 2020 San Francisco, California, United States

Refraction AI

Artificial Intelligence
Automotive
Information Technology
Logistics
Robotics
Supply Chain Management
$5M01 Jun 2020 Ann Arbor, Michigan, United States

Voxel51

Analytics
Artificial Intelligence
Computer Vision
Machine Learning
Software
$2M08 Aug 2019 Ann Arbor, Michigan, United States
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