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eLab Ventures

Investor type Venture Capital
Founders Doug Neal Rick Bolander Robert Stefanski


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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 28
Average round size
The average size of a deal this fund participated in
Portfolio companies 15
Rounds per year 3.11
Lead investments 7
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 1
Key employees 5
Stages of investment
Early Stage Venture

Areas of investment

  • Software
  • Artificial Intelligence
  • Information Technology
  • SaaS
  • Analytics

eLab Ventures appeared to be the VC, which was created in 2013. 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 Ann Arbor.

The increased amount of exits for fund were in 2017. This eLab Ventures works on 23 percentage points less the average amount of lead investments comparing to the other organizations. The fund is generally included in 2-6 deals every year. The real fund results show that this VC is 24 percentage points more often commits exit comparing to other companies. The common things for fund are deals in the range of 5 - 10 millions dollars. The top activity for fund was in 2015. Despite it in 2019 the fund had an activity.

Among the most popular portfolio startups of the fund, we may highlight Clinc, Sight Machine, Aperia Technologies. 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 SaaS, Information Technology. Besides, a startup requires to be at the age of 4-5 years to receive the investment from the fund. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 1 or 5+ of the founder, the chance for it to get the investment is meager.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the eLab Ventures, startups are often financed by Wakestream Ventures, Grand Angels, VMware. The meaningful sponsors for the fund in investment in the same round are Wakestream Ventures, VMware, Upslope Ventures. In the next rounds fund is usually obtained by Hyde Park Venture Partners, Wakestream Ventures, Two Roads Group.

This organization was formed by Doug Neal, Robert Stefanski. Besides them, we counted 4 critical employees of this fund in our database.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of eLab Ventures:
Typical Co-investors
eLab 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 eLab 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:
Funds doing lead investments
Funds with similar focus acting as lead investors:

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Ekstranda Ösby, Sodermanlands Lan, Sweden
FINTECH Circle England, London, United Kingdom
Serena France, Ile-de-France, Paris
Tech Nation Fintech England, London, United Kingdom

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


Information Technology
$8M20 Oct 2021 San Francisco, California, United States


Artificial Intelligence
Information Technology
12 May 2021 Ann Arbor, Michigan, United States


Autonomous Vehicles
$4M02 Apr 2021 Michigan, United States

Refraction AI

Artificial Intelligence
Information Technology
Supply Chain Management
$4M08 Mar 2021 Ann Arbor, Michigan, United States


Cloud Security
Enterprise Applications
Penetration Testing
$29M20 Aug 2020 San Francisco, California, United States

Refraction AI

Artificial Intelligence
Information Technology
Supply Chain Management
$5M01 Jun 2020 Ann Arbor, Michigan, United States


Artificial Intelligence
Computer Vision
Machine Learning
$2M08 Aug 2019 Ann Arbor, Michigan, United States

Artificial Intelligence
Information Technology
09 Apr 2019 Ann Arbor, Michigan, United States

Refraction AI

Artificial Intelligence
Information Technology
Supply Chain Management
$1M01 Apr 2019 Ann Arbor, Michigan, United States


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