Alpha Edison

Founded 2016
Founders Michael Parekh Nate Redmond Nick Grouf

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 58
Average round size
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The average size of a deal this fund participated in
$14M
Portfolio companies 54
Rounds per year 11.60
Lead investments 8
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.26
Exits 2
Key employees 5

Areas of investment

  • Software
  • Health Care
  • SaaS
  • Financial Services
  • Big Data
Summary

Alpha Edison appeared to be the VC, which was created in 2016. The company was established in North America in United States. The main department of described VC is located in the Los Angeles.

Among the most successful fund investment fields, there are Health Diagnostics, Video. The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. 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 portfolio startups of the fund, we may highlight IDx, HouseCanary, Aspiration. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund.

The important activity for fund was in 2018. Deals in the range of 10 - 50 millions dollars are the general things for fund. The real fund results show that this VC is 39 percentage points more often commits exit comparing to other companies. The fund is constantly included in 2-6 deals per year.

The fund was created by Michael Parekh, Nate Redmond, Nick Grouf. The overall number of key employees were 1.

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the Alpha Edison, startups are often financed by The Chernin Group, Trail Mix Ventures, Corazon Capital. The meaningful sponsors for the fund in investment in the same round are Mucker Capital, Greycroft, Damian Maldonado. In the next rounds fund is usually obtained by Social Starts, Upfront Ventures, Rincon Venture Partners.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

DISQO

Analytics
Consumer Research
Information Technology
Market Research
SaaS
$85M26 Aug 2021 Glendale, California, United States

JOON

Human Resources
$2M15 Jul 2021 Los Angeles, California, United States

DRESSX

3D Technology
E-Commerce
Fashion
$2M06 Jul 2021 Los Angeles, California, United States

Alto Solutions

Financial Services
FinTech
Information Technology
Personal Finance
$17M20 Apr 2021 Nashville, Tennessee, United States

United Dwelling

Home Improvement
Real Estate
Rental
$8M24 Feb 2021 Los Angeles, California, United States

Clovers

Artificial Intelligence
Human Resources
Recruiting
Software
Video
$15M15 Feb 2021 Nashville, Tennessee, United States

Coterie Insurance

Commercial Insurance
Developer APIs
Insurance
InsurTech
$11M05 Feb 2021 Cincinnati, Ohio, United States

Sidecar Health

Health Care
Health Insurance
Insurance
InsurTech
$125M26 Jan 2021 California, United States

Uplifting Results Labs

Dietary Supplements
Food and Beverage
Health Care
$8M12 Jan 2021 Los Angeles, California, United States
News
Clovers Scores $15M Seed Financing Round

– Clovers, a human resources technology firm leveraging conversational intelligence to improve interviewing and hiring practices, today announced it has raised $15m in seed funding.
– The round was led by Greycroft and Alpha Edison with participation from Crosslink Capital, Acadian Ventures, Fika Ventures and Act One Ventures.
– Clovers is the intelligent interview platform that uses human and conversational intelligence to accelerate hiring, uncover bias, and put the right people in the right role every time.

Disqo Raises $85M in Series B Funding

– Disqo is a consumer insights platform based in Los Angeles, CA.
– Company closed an $85m Series B growth funding.
– The round was led by Sageview Capital with participation from March Capital, Valuestream Ventures, and existing investors Alpha Edison and Bonfire Ventures.
– The new investment will be aimed at scaling the company’s operations and accelerating its product roadmap.

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