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Abstract Ventures

Investor type Micro VC
Founders Ramtin Naimi

Overview

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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.
Total investments 180
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 139
Rounds per year 30.00
Lead investments 7
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.20
Exits 8
Key employees 4
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Financial Services
  • FinTech
  • Health Care
  • Internet
Summary

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.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Abstract Ventures:
Typical Co-investors
Abstract 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 Abstract Ventures:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Odyssey Energy Solutions

Environmental Consulting
Renewable Energy
Software
$5M08 Sep 2022 Boulder, Colorado, United States

Modern Life

Advice
Insurance
Life Insurance
$15M09 Aug 2022 New York, New York, United States

X1 Card

Financial Services
FinTech
$25M18 Jul 2022 San Francisco, California, United States

DEUNA

E-Commerce
Online Portals
Software
$30M08 Jul 2022 Palo Alto, California, United States

Heyday

Information Technology
Knowledge Management
Productivity Tools
Software
$6M28 Jun 2022 San Francisco, California, United States

Stashfin

Apps
Banking
Finance
Financial Services
FinTech
$70M21 Jun 2022 New Delhi, Delhi, India

Hebbia

Business Intelligence
Machine Learning
Productivity Tools
$30M17 Jun 2022 California, United States

Aware Healthcare

Health Care
Information Technology
Personal Health
Software
Wellness
$4M09 Jun 2022 San Francisco, California, United States

Arcana

Software
$5M01 May 2022 New York, New York, United States
News
General Catalyst, Abstract back Wanderlog’s $1.5M round for collaborative travel

– 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 Secures $56M in Series B Funding at $400M Valuation to Support Employee Financial Health on a Global Scale

– 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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