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1517 Fund

Founders Danielle Strachman Michael Gibson

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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 97
Average round size
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The average size of a deal this fund participated in
$7M
Portfolio companies 67
Rounds per year 10.78
Lead investments 6
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Exits 4
Key employees 4
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Information Technology
  • Artificial Intelligence
  • Machine Learning
  • SaaS
Summary

1517 Fund is the famous VC, which was founded in 2015. The leading representative office of defined VC is situated in the San Francisco. The fund was located in North America if to be more exact in United States.

The higher amount of exits for fund were in 2018. The average startup value when the investment from 1517 Fund is 1-5 millions dollars. The real fund results show that this VC is 17 percentage points less often commits exit comparing to other companies. Deals in the range of 5 - 10 millions dollars are the general things for fund. The important activity for fund was in 2016. Despite it in 2019 the fund had an activity. This 1517 Fund works on 26 percentage points less the average amount of lead investments comparing to the other organizations. The fund is constantly included in 2-6 deals per year.

This organization was formed by Danielle Strachman, Michael Gibson. The overall number of key employees were 2.

The standard case for the fund is to invest in rounds with 6-7 partakers. Despite the 1517 Fund, startups are often financed by Techstars, Social Starts, Rough Draft Ventures. The meaningful sponsors for the fund in investment in the same round are Techstars, Social Starts, Invariantes Fund. In the next rounds fund is usually obtained by Social Starts, Invariantes Fund, WME Ventures.

For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most successful fund investment fields, there are Biotechnology, Artificial Intelligence. Among the most popular portfolio startups of the fund, we may highlight Luminar, Aura Health, Revlo. The fund has exact preference in a number of founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager.

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Funds investing in previous rounds
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Typical Co-investors
1517 Fund 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 1517 Fund:

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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:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Rainmaker Technology

$6M07 May 2024 El Segundo, California, United States

Aethero Space

Aerospace
Artificial Intelligence
Machine Learning
$2M01 Apr 2024 San Francisco, California, United States

JobPixel

$4M27 Mar 2024 -

Lambda

Artificial Intelligence
Blockchain
Cloud Computing
Hardware
Information Services
Information Technology
Machine Learning
Software
$320M15 Feb 2024 San Francisco, California, United States

Trilobio

$3M29 Nov 2023 San Francisco, California, United States

Procyon

Hardware
Machine Learning
Semiconductor
26 Sep 2023 Ashburn, Virginia, United States

H2Ok Innovations

Agriculture
Aquaculture
Industrial Automation
Internet of Things
$6M22 Jul 2023 Cambridge, Massachusetts, United States

Optimotive Technologies

Autonomous Vehicles
Computer Vision
Construction
Data Integration
Data Visualization
Mining Technology
Oil and Gas
Robotics
Software
Solar
$1M07 Jul 2023 Windsor, Ontario, Canada

frenter

B2B
E-Commerce
SaaS
Sharing Economy
$1M15 May 2023 Halifax, Nova Scotia, Canada
News
Lambda Raises $24.5M in Funding

– Lambda, a San Francisco, CA-based provider of deep learning GPU cloud services and computing hardware, raised $24.5M in financing.
– This financing round consists of a $15M Series A equity round and a $9.5M debt facility provided by Silicon Valley Bank.
– Primary investors include 1517, Gradient Ventures, Bloomberg Beta, Razer, and Georges Harik.
– The company will use the capital to expand its cloud and software engineering teams, pay for fixed assets related to its cloud business, and as working capital for its deep learning hardware business.

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Total investments 97
Average round size 7M
Rounds per year 10.78
Peak activity year 2020
Lead investments 6
Follow on index 0.29
Exits 4
Group Appearance index 0.82

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Rainmaker Technology

$6M07 May 2024 El Segundo, California, United States

Aethero Space

Aerospace
Artificial Intelligence
Machine Learning
$2M01 Apr 2024 San Francisco, California, United States

JobPixel

$4M27 Mar 2024 -

Lambda

Artificial Intelligence
Blockchain
Cloud Computing
Hardware
Information Services
Information Technology
Machine Learning
Software
$320M15 Feb 2024 San Francisco, California, United States

Trilobio

$3M29 Nov 2023 San Francisco, California, United States

Procyon

Hardware
Machine Learning
Semiconductor
26 Sep 2023 Ashburn, Virginia, United States

H2Ok Innovations

Agriculture
Aquaculture
Industrial Automation
Internet of Things
$6M22 Jul 2023 Cambridge, Massachusetts, United States

Optimotive Technologies

Autonomous Vehicles
Computer Vision
Construction
Data Integration
Data Visualization
Mining Technology
Oil and Gas
Robotics
Software
Solar
$1M07 Jul 2023 Windsor, Ontario, Canada

frenter

B2B
E-Commerce
SaaS
Sharing Economy
$1M15 May 2023 Halifax, Nova Scotia, Canada
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