Abstract Ventures is the famous VC, which was founded in 2016. The fund was located in North America if to be more exact in United States. The main office of represented VC is situated in the San Francisco.
The fund was created by Ramtin Naimi. We also calculated 6 valuable employees in our database.
The top activity for fund was in 2018. Despite it in 2019 the fund had an activity. This Abstract Ventures works on 28 percentage points less the average amount of lead investments comparing to the other organizations. The fund is generally included in 13-24 deals every year. The common things for fund are deals in the range of 5 - 10 millions dollars. The increased amount of exits for fund were in 2018. The typical startup value when the investment from Abstract Ventures is 100-500 millions dollars. Considering the real fund results, this VC is 19 percentage points less often commits exit comparing to other organizations.
Besides, a startup needs to be aged 2-3 years to get the investment from the fund. The fund has exact preference in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. We can highlight the next thriving fund investment areas, such as FinTech, Financial Services. Among the most popular portfolio startups of the fund, we may highlight Hippo Insurance, Drip Capital, Blooma.
The standard case for the fund is to invest in rounds with 7-8 partakers. Despite the Abstract Ventures, startups are often financed by Y Combinator, Plug and Play, Khosla Ventures. The meaningful sponsors for the fund in investment in the same round are Andreessen Horowitz, Founders Fund, Khosla Ventures. In the next rounds fund is usually obtained by Comcast Ventures, Y Combinator, Valar Ventures.
Related Funds
Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
The Arena | 16 Oct 2024 | New York, New York, United States | |||
Unify | 08 Oct 2024 | San Francisco, California, United States | |||
Motion | $30M | 19 Sep 2024 | Toronto, Ontario, Canada | ||
TeamBridge | $28M | 16 Sep 2024 | San Francisco, California, United States | ||
Caliza | $8M | 15 Jul 2024 | - | ||
Nivoda | $30M | 06 May 2024 | London, England, United Kingdom | ||
Symbolica AI | $33M | 09 Apr 2024 | Palo Alto, California, United States | ||
Tarsal | $6M | 21 Mar 2024 | San Francisco, California, United States | ||
Moment | $40M | 28 Feb 2024 | Miami, Florida, United States |
– Wanderlog, a travel itinerary maker and road trip planner, raised $1.5m in seed funding.
– The round was led by General Catalyst and Abstract Ventures.
– The company plans to use the new funding to expand its web and mobile app features, including offering restaurant recommendations, based on Google and Yelp reviews, for those who don’t want to do a bunch of searching and reading reviews.
– The founders declined to share growth metrics, but said the platform is already facilitating thousands of trips per week.
– Customers are already sharing with the founders that the app is good for communication among a large group, where everyone can see what the plans are and discuss them.
– Origin, the comprehensive employee financial wellness platform, announced it has raised $56m in Series B funding led by Dick Costolo and Adam Bain’s 01A, General Catalyst and Lachy Groom, with participation from existing investors Founders Fund, Felicis Ventures and Abstract Ventures, bringing its valuation to $400m.
– This funding round will fuel Origin’s customer expansion and new product innovation, following a massive uptick in demand for financial planning benefits as the pandemic increased financial stress for employees.
– Since the COVID-19 pandemic began, 63% of employees reported their financial stress has increased, and more than 80% want advice or validation for their financial decisions.
– To build a happy, healthy, productive and loyal workforce, employers need to provide benefits that truly alleviate the biggest burden on their mental health — finances.
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| Company | Industry | Round Size | Date | Investors | Location |
The Arena | 16 Oct 2024 | New York, New York, United States | |||
Unify | 08 Oct 2024 | San Francisco, California, United States | |||
Motion | $30M | 19 Sep 2024 | Toronto, Ontario, Canada | ||
TeamBridge | $28M | 16 Sep 2024 | San Francisco, California, United States | ||
Caliza | $8M | 15 Jul 2024 | - | ||
Nivoda | $30M | 06 May 2024 | London, England, United Kingdom | ||
Symbolica AI | $33M | 09 Apr 2024 | Palo Alto, California, United States | ||
Tarsal | $6M | 21 Mar 2024 | San Francisco, California, United States | ||
Moment | $40M | 28 Feb 2024 | Miami, Florida, United States |
