Discovery Capital - Unicorn Nest

Discovery Capital

Discovery Capital

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Headquarters Location

Canada, Vancouver

About

Discovery Capital is the renowned VC, which was created in 1986. The the headquarters of this VC is in Vancouver. The fund is located in Canada, North America.

The fund typically invests in rounds with 3-4 participants. Aside from Discovery Capital, start-ups are often funded by BDC Venture Capital, Yaletown Partners, British Columbia Discovery Fund and 3 other funds. Other VCs who often invest in the same rounds are BC Advantage Funds, Yaletown Partners, T. Rowe Price, the total number of co-investors is 6. In subsequent rounds, the fund is usually joined by Yaletown Partners, Third Point Ventures, SoftBank, as well as 13 other investors.

We also identified another 2 core personnel in our database.

Among the most popular investment industries for the fund are Financial Services, Music Streaming. However, the fund’s focus is not limited to this, since there are 12 more areas of investment. The country of its foundation and the country of its most frequent investments coincides - Canada. Besides this, the fund also invested in 2 other countries. The average start-up age at the time of investment by this fund is 4-5. Spotify, Social Finance (SoFi), Lat49 are amongst the various portfolio companies of this fund. The fund has no specific requirements for the number of founders in a start-up. If the applying start-up has 5+ founders, it is very unlikely that funding will be awarded.

The highest number of exits from this fund were in 2018. The average start-up valuation at the time of investment from Discovery Capital is more than 1 billion dollars. In comparison with other funds, Discovery Capital makes 8 percentage points more than the average number of lead investments. The fund's activity peaked in 2008. Besides, in 2019 the fund was active. The fund usually participates in less than 2 investment rounds per year. Deals in the range of more than 100 millions dollars are most common for this fund. In terms of the fund's performance, this VC has 6 percentage points more exits when compared to other organizations.

Year Founded

1986

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: discoverycapital.com; User name format in descending order of probability: first_initial last

Group Appearance [how often fund is operating separately from groups with shared interest]

90.9% of cases

Investments per Year [average amount of rounds in which fund participates each year]

<1

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

14.3% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x12.3

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

2.8 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.25 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

2

Number of Decacorns [amount of portfolio companies, which were valuated at more then $10B]

1

Number of Minotaurs [amount of portfolio companies, which raised more then $1B in total]

2

Funds Investing in Following
Rounds

Yaletown Partners, Third Point Ventures, SoftBank

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