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Correlation Ventures

Founders David Coats Trevor Kienzle

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Investments

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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 379
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 265
Rounds per year 21.06
Lead investments 7
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.30
Exits 52
Key employees 3
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Health Care
  • Information Technology
  • E-Commerce
  • SaaS
Summary

In 2006 was created Correlation Ventures, which is appeared as VC. The company was established in North America in United States. The main office of represented VC is situated in the San Diego.

The top amount of exits for fund were in 2019. The high activity for fund was in 2014. Comparing to the other companies, this Correlation Ventures performs on 15 percentage points less the average number of lead investments. The average startup value when the investment from Correlation Ventures is 100-500 millions dollars. Speaking about the real fund results, this VC is 19 percentage points less often commits exit comparing to other organizations. The fund is constantly included in 25-48 investment rounds annually. The common things for fund are deals in the range of 10 - 50 millions dollars.

The current fund was established by David Coats, Trevor Kienzle. Besides them, we counted 3 critical employees of this fund in our database.

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 fund investment industries, there are E-Commerce, Information Technology. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most popular portfolio startups of the fund, we may highlight Casper, Knock, Lytro.

The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the Correlation Ventures, startups are often financed by SV Angel, GV, Avalon Ventures. The meaningful sponsors for the fund in investment in the same round are Mohr Davidow Ventures, Greycroft, Baseline Ventures. In the next rounds fund is usually obtained by ff Venture Capital, Maveron, InterWest Partners.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Correlation Ventures:
Typical Co-investors
Correlation Ventures is more likely to invest in rounds together with the following funds:
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Correlation 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

hotglue

Big Data
Developer Tools
Information Technology
Internet
SaaS
11 Oct 2024 College Park, Maryland, United States

Zenlytic

Analytics
E-Commerce
Software
$9M26 Sep 2024 New York, New York, United States

Momos

Food and Beverage
SaaS
$10M19 Sep 2024 Singapore, Central Region, Singapore

Revv-Up

Automotive
Transportation
$9M08 Jul 2024 New York, New York, United States

Grayce

Elder Care
Employee Benefits
Health Care
mHealth
Wellness
$10M12 Jun 2024 San Francisco, California, United States

Cartwheel

$5M05 Jun 2024 -

Qlaris Bio

Biotechnology
Health Care
Medical
$24M30 Apr 2024 Cambridge, Massachusetts, United States

Orchard Robotics

$3M27 Mar 2024 Seattle, Washington, United States

Tixologi

Blockchain
Software
Ticketing
$925K22 Nov 2023 -
News
Backer raises $8.4M to make saving for education social

– CollegeBacker has rebranded to Backer and raised $8.4m in venture capital.
– Backer is a social savings platform that brings digital investment advice to 529 plans.
– Backer’s latest round of funding was led by Crosslink Capital with participation from Rally Ventures, Correlation Ventures, and Expansion Ventures. Jim Feuille, early investor and board member at Chime, Pandora, and Personal Capital, has joined the Backer board. Other investors include SoFi co-founder Dan Macklin, Patreon co-founder Sam Yam, veteran fintech investor Tom Blaisdell, along with Reach Capital, Ulu Ventures, Great Oaks Venture Capital, and several universities (Princeton, Dartmouth, and USC).

Manticore Games™ Raises $100 Million to Power the Games Multiverse

– Manticore Games™, the developer and operator behind Core™, an endless arcade of high-quality, user-built games, announced it has raised $100 million in Series C financing.
– The funding was led by XN, with participation from other leading strategic and institutional investors such as SoftBank Vision Fund 2 and LVP, as well as returning investors Benchmark, Bitkraft’s new Opportunity Fund, Correlation Ventures and Epic Games.
– The company will use the investment to accelerate Core’s growth by bolstering its industry-leading Creator programs, and further developing the most advanced game creation and publishing tools of any major user-generated content (UGC) platform.

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Total investments 379
Average round size 9M
Rounds per year 21.06
Peak activity year 2014
Lead investments 7
Follow on index 0.30
Exits 52
Group Appearance index 0.97

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

hotglue

Big Data
Developer Tools
Information Technology
Internet
SaaS
11 Oct 2024 College Park, Maryland, United States

Zenlytic

Analytics
E-Commerce
Software
$9M26 Sep 2024 New York, New York, United States

Momos

Food and Beverage
SaaS
$10M19 Sep 2024 Singapore, Central Region, Singapore

Revv-Up

Automotive
Transportation
$9M08 Jul 2024 New York, New York, United States

Grayce

Elder Care
Employee Benefits
Health Care
mHealth
Wellness
$10M12 Jun 2024 San Francisco, California, United States

Cartwheel

$5M05 Jun 2024 -

Qlaris Bio

Biotechnology
Health Care
Medical
$24M30 Apr 2024 Cambridge, Massachusetts, United States

Orchard Robotics

$3M27 Mar 2024 Seattle, Washington, United States

Tixologi

Blockchain
Software
Ticketing
$925K22 Nov 2023 -
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