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Bank of America

Investor type Investment Bank
Founders Steven Wences

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.

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Total investments 153
Average round size
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The average size of a deal this fund participated in
$765M
Portfolio companies 130
Rounds per year 6.12
Lead investments 25
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.14
Exits 52
Key employees 12
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • Software
  • Financial Services
  • Information Technology
  • Internet
  • Manufacturing
Summary

Bank of America appeared to be the Corporate Investor, which was created in 1998. The company was established in North America in United States. The main department of described Corporate Investor is located in the Charlotte.

Among the most popular portfolio startups of the fund, we may highlight SpaceX, Dropbox, Panera Bread. Among the most popular fund investment industries, there are Enterprise Software, Information Technology. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. The fund has 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. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Bank of America, startups are often financed by Emergence, DCM Ventures, Amadeus Capital Partners. The meaningful sponsors for the fund in investment in the same round are Morgan Stanley Dean Witter, Citigroup, UBS. In the next rounds fund is usually obtained by Scale Venture Partners, Oak Investment Partners, Intel Capital.

The usual things for fund are deals in the range of 50 - 100 millions dollars. The real fund results show that this Corporate Investor is 1 percentage points more often commits exit comparing to other companies. When the investment is from Bank of America the average startup value is 500 millions - 1 billion dollars. The higher amount of exits for fund were in 2018. Comparing to the other companies, this Bank of America performs on 11 percentage points more the average number of lead investments. The high activity for fund was in 2000. Despite it in 2019 the fund had an activity. The fund is constantly included in 2-6 investment rounds annually.

We also calculated 8 valuable employees in our database.

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Related Funds

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Typical Co-investors
Bank of America 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 Bank of America:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Taseko Mines

Mining
Mining Technology
$25M13 Jan 2023 Vancouver, British Columbia, Canada

Xpansiv

Financial Services
Information Technology
Natural Resources
$125M11 Jan 2023 San Francisco, California, United States

Illumina

Biotechnology
Genetics
Health Care
Medical
$750M04 Jan 2023 San Diego, California, United States

Trimble

Indoor Positioning
Navigation
Software
Web Hosting
$1B30 Dec 2022 Sunnyvale, California, United States

Taiga Building Products

Building Material
Wholesale
$250M21 Dec 2022 Burnaby, British Columbia, Canada

Vestiaire Collective

E-Commerce
E-Commerce Platforms
Fashion
Marketplace
Retail
Social Shopping
$88M13 Dec 2022 Paris, Ile-de-France, France

Arkansas Museum of Fine Arts

Art
Non Profit
Performing Arts
$250K11 Nov 2022 Little Rock, Arkansas, United States

Repowered

Communities
Education
Human Resources
$200K02 Nov 2022 Minneapolis, Minnesota, United States

Monroe Community College, Brighton - Crunchbase School Profile & Alumni

Education
Personal Development
Training
Universities
$250K13 Oct 2022 Rochester, New York, United States
News
Paxos Raises Further Series D Funding

– Paxos is a NYC-based regulated blockchain infrastructure platform.
Bank of America, Coinbase Ventures, Founders Fund and FTX joined the Series D round of funding.
– Paxos has raised more than $540m in funding to date.

Sixty8 Capital Closes $20 Million Fund To Support Diverse Founders

– Sixty8 Capital is an Indianapolis-based seed-stage VC firm supporting Black, Latinx, women, and LGBTQ+ led startups.
– The firm announced the first close of its new $20m venture fund.
– The investors include The Indiana Next Level Fund, 50 South Capital, Bank of America, Eli Lilly and Company, First Internet Bank, and the Central Indiana Community Foundation.
– Led by Managing Director Kelli Jones, Sixty8 Capital is industry-agnostic and will focus initially on seed investments between the coasts with an emphasis on the Midwest.
– Sixty8 Capital is powered by Allos Ventures, one of Indiana’s most active VC firms with Allos’ Paul Ehlinger serving as a venture partner.

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