Advancit Capital

Founded 2011
Founders Jason Ostheimer Shari Redstone

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 106
Average round size
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The average size of a deal this fund participated in
$7M
Portfolio companies 91
Rounds per year 10.60
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.26
Exits 30
Key employees 2
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Digital Media
  • Media and Entertainment
  • Apps
  • Social Media
Summary

Advancit Capital appeared to be the VC, which was created in 2011. The company was established in North America in United States. The leading representative office of defined VC is situated in the Norwood.

Among the most popular fund investment industries, there are Internet, Social Media. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. The fund has no exact preference in a number of founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. Among the most popular portfolio startups of the fund, we may highlight Victorious, mitu00fa, Sliver.tv. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

The typical case for the fund is to invest in rounds with 6-7 participants. Despite the Advancit Capital, startups are often financed by SV Angel, Y Combinator, Novel TMT Ventures. The meaningful sponsors for the fund in investment in the same round are Mesa Ventures, The Chernin Group, Lowercase Capital. In the next rounds fund is usually obtained by Lerer Hippeau, Upfront Ventures, Greycroft.

The current fund was established by Jason Ostheimer, Shari Redstone. Besides them, we counted 2 critical employees of this fund in our database.

Deals in the range of 5 - 10 millions dollars are the general things for fund. The typical startup value when the investment from Advancit Capital is 50-100 millions dollars. The high activity for fund was in 2014. This Advancit Capital works on 12 percentage points less the average amount of lead investments comparing to the other organizations. The fund is constantly included in 7-12 investment rounds annually. The top amount of exits for fund were in 2019. Considering the real fund results, this VC is 15 percentage points less often commits exit comparing to other organizations.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Yoni Circle

$4M23 Jun 2021 New York, New York, United States

Infinite Objects

Consumer Electronics
E-Commerce
Video
$6M27 May 2021 New York, New York, United States

Sanctuary

Digital Media
Lifestyle
Media and Entertainment
Mobile Apps
$3M10 May 2021 New York, New York, United States

Podchaser

Advertising Platforms
Analytics
Audio
Big Data
Data Visualization
Database
Internet Radio
Podcast
Search Engine
Social Network
$4M14 Jan 2021 Louisville, Kentucky, United States

Public.com

Finance
Financial Services
FinTech
Stock Exchanges
Trading Platform
$65M15 Dec 2020 New York, New York, United States

Air

Apps
Cloud Storage
Collaboration
Content
Digital Media
Human Resources
Marketing
Productivity Tools
Software
$12M16 Sep 2020 New York, United States

Religion of Sports

Broadcasting
Content
Media and Entertainment
Sports
$10M23 Jul 2020 Santa Monica, California, United States

KUDO

Enterprise Software
Events
Video Conferencing
$6M22 Jul 2020 New York, New York, United States

Pragma

$4M12 Mar 2020 California, United States
News
Sustainable Online Grocery Company Imperfect Foods Raises $110 Million

– Imperfect Foods is a sustainable online grocery company.
– The company raised $110m in Series D funding.
– The round was led by Hamilton Lane and Blisce, and joined by existing investors, including Accel, Greycroft, and Advancit Capital.

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