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Birchmere Ventures

Investor type Micro VC
Founders Ned Renzi Sean Sebastian

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 127
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 76
Rounds per year 4.88
Lead investments 24
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.40
Exits 32
Key employees 6
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Health Care
  • Internet
  • Biotechnology
  • Therapeutics
Summary

Birchmere Ventures is the famous VC, which was founded in 1996. The fund was located in North America if to be more exact in United States. The main department of described VC is located in the Pittsburgh.

The fund was created by Ned Renzi, Sean Sebastian. We also calculated 6 valuable employees in our database.

Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Among the most popular portfolio startups of the fund, we may highlight Cvent, CyOptics, The Zebra. Among the most successful fund investment fields, there are Internet, Mobile.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Birchmere Ventures, startups are often financed by Firelake Capital Management, Techstars, Right Side Capital Management. The meaningful sponsors for the fund in investment in the same round are Innovation Works, 500 Startups, Wavemaker Partners. In the next rounds fund is usually obtained by Draper Triangle, Innovation Works, Wavemaker Partners.

The higher amount of exits for fund were in 2013. The common things for fund are deals in the range of 10 - 50 millions dollars. Opposing the other organizations, this Birchmere Ventures works on 4 percentage points less the average amount of lead investments. The fund is constantly included in 2-6 investment rounds annually. Speaking about the real fund results, this VC is 4 percentage points more often commits exit comparing to other organizations. The important activity for fund was in 2018. Despite it in 2019 the fund had an activity. When the investment is from Birchmere Ventures the average startup value is 100-500 millions dollars.

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Related Funds

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

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:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

iRestify

Internet
$4M08 Mar 2022 Old Toronto, Ontario, Canada

PAPER

EdTech
Education
Tutoring
$100M30 Jun 2021 Montreal, Quebec, Canada

Idelic

Enterprise Software
Fleet Management
Management Information Systems
Software
Transportation
Travel
$20M26 Mar 2021 Pittsburgh, Pennsylvania, United States

E-Learning
EdTech
STEM Education
$4M18 Dec 2020 New York, New York, United States

PAPER

EdTech
Education
Tutoring
$11M15 Dec 2020 Montreal, Quebec, Canada

Aspinity

Hardware
Industrial
Internet of Things
Semiconductor
Software
Speech Recognition
$5M02 Sep 2020 Pittsburgh, Pennsylvania, United States

iRestify

Internet
$2M11 Aug 2020 Old Toronto, Ontario, Canada

eSports
Fantasy Sports
Messaging
Mobile
Sports
$20M12 May 2020 California, United States

PAPER

EdTech
Education
Tutoring
$7M11 Mar 2020 Montreal, Quebec, Canada
News
Idelic Raises $20M Series B

– Idelic, a Pittsburgh-based leader in commercial trucking analytics and driver management solutions, has raised $20m in a Series B fundraising round.
– The round was led by Highland Capital Partners.
– Additional participants in the round included previous investors Birchmere Ventures, Origin Ventures, TDF Ventures, and SaaS Venture Capital.

101edu Closes $4.6M Series A Funding

– 101edu from San Francisco raised $7.8m in Series A funding.
– The round was led by Recurring Capital Partners with participation from new and existing investors Birchmere Ventures, University Ventures, Zanichelli Venture, Matzliach Capital, Board member Dr. James Caras, Mark Miller, Torsten Geers, and Vineet Madan.
– The company intends to use the funds to accelerate growth and expand into other STEM disciplines and markets.

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