Dorm Room Fund

Investor type Micro VC
Founders CeCe Cheng Josh Kopelman Phin Barnes

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 199
Average round size
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The average size of a deal this fund participated in
$595K
Portfolio companies 179
Rounds per year 19.90
Lead investments 1
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.10
Exits 14
Key employees 52
Stages of investment
Seed

Areas of investment

  • Software
  • Health Care
  • Information Technology
  • Internet
  • FinTech
Summary

In 2012 was created Dorm Room Fund, which is appeared as VC. The fund was located in North America if to be more exact in United States. The leading representative office of defined VC is situated in the Philadelphia.

This organization was formed by CeCe Cheng, Josh Kopelman, Phin Barnes. The overall number of key employees were 52.

The typical case for the fund is to invest in rounds with 2-3 participants. Despite the Dorm Room Fund, startups are often financed by MIT delta v, Berkeley SkyDeck, SOSV. The meaningful sponsors for the fund in investment in the same round are Pear Ventures, Y Combinator, Techstars. In the next rounds fund is usually obtained by Y Combinator, Techstars, BioAdvance.

Among the most popular portfolio startups of the fund, we may highlight Capella Space, FiscalNote, Shield AI. The fund has no exact preference in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. 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 successful fund investment fields, there are Information Technology, E-Commerce. Besides, a startup needs to be aged 1 and less years to get the investment from the fund.

The fund is constantly included in 13-24 investment rounds annually. The common things for fund are deals in the range of 1 - 5 millions dollars. Speaking about the real fund results, this VC is 18 percentage points less often commits exit comparing to other organizations. Opposing the other organizations, this Dorm Room Fund works on 23 percentage points less the average amount of lead investments. The top activity for fund was in 2016. The average startup value when the investment from Dorm Room Fund is 1-5 millions dollars. The increased amount of exits for fund were in 2019.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Quantbase

Cryptocurrency
Financial Services
Internet
$500K18 Mar 2022 New York, New York, United States

Out Of The Box Education

E-Learning
EdTech
28 Feb 2022 Cambridge, Massachusetts, United States

ArDrive

$17M26 Feb 2022 -

Spiky.ai

Artificial Intelligence
Education
Human Resources
Information Services
Information Technology
Machine Learning
Software
$400K21 Feb 2022 Boston, Massachusetts, United States

SlateSafety

Industrial Design
Industrial Engineering
$1M28 Jan 2022 Norcross, Georgia, United States

Alima

AgTech
Logistics
Supply Chain Management
01 Dec 2021 Mexico City, Distrito Federal, Mexico

POSH

CRM
Event Management
Event Promotion
Nightlife
Software
Ticketing
$1M08 Nov 2021 New York, New York, United States

RemNote

$3M27 Sep 2021 -

Teleportal Inc

Augmented Reality
Software
Virtual Reality
$1M16 Jul 2021 Los Angeles, California, United States
News
Cadoo gets $1.5M to gamify fitness with betting challenges

– Cadoo, a US-startup that’s gamifying fitness by turning it into a betting opportunity, using the prospect of winning (or losing) cold hard cash to motivate people to get off the couch, has collected $1.5m in seed funds from Sam & Max Altman’s Apollo VC and the student-focused Dorm Room Fund.
– The app itself has been around since 2018 but in March 2020 it launched a “challenge model” that lets users stake money to join a challenge related to a specific fitness goal — be it running 10 miles in 10 days, or walking three miles in three days.
– Participants who achieve the challenge goal get their stake back and a pro-rata share of losers’ staked entry fees.

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