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Elefund

Founders Serik Kaldykulov

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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 53
Average round size
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The average size of a deal this fund participated in
$14M
Portfolio companies 41
Rounds per year 5.89
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.21
Exits 3
Key employees 4
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • FinTech
  • Insurance
  • Financial Services
  • InsurTech
  • Internet
Summary

In 2013 was created Elefund, which is appeared as VC. The main office of represented VC is situated in the Palo Alto. The fund was located in North America if to be more exact in United States.

We also calculated 3 valuable employees in our database.

The top amount of exits for fund were in 2016. The high activity for fund was in 2013. Despite it in 2019 the fund had an activity. The usual things for fund are deals in the range of 5 - 10 millions dollars. The average startup value when the investment from Elefund is 100-500 millions dollars. The fund is constantly included in 2-6 deals per year. Comparing to the other companies, this Elefund performs on 17 percentage points less the average number of lead investments.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most popular fund investment industries, there are Cryptocurrency, Finance. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. 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 portfolio startups of the fund, we may highlight Robinhood, Calm, Pie Insurance.

The typical case for the fund is to invest in rounds with 8-9 participants. Despite the Elefund, startups are often financed by Y Combinator, Sirius International Insurance, Moxley Holdings. The meaningful sponsors for the fund in investment in the same round are Sirius International Insurance, Moxley Holdings, Todd Corenson. In the next rounds fund is usually obtained by Union Square Ventures, Susa Ventures, Spark Capital.

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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Elefund:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Harmonic

EdTech
Software
$75M23 Sep 2024 Palo Alto, California, United States

Powder

FinTech
$5M23 Jul 2024 Los Altos, California, United States

Powder

FinTech
14 Nov 2023 Los Altos, California, United States

Canopy Connect

Developer APIs
Insurance
$6M25 Oct 2023 Beaverton, Oregon, United States

StretchDollar

Financial Services
Health Insurance
Insurance
$1M26 Sep 2023 San Francisco, California, United States

Confirm

Human Resources
Internet
Recruiting
$6M30 Aug 2023 San Francisco, California, United States

Raincoat

Financial Services
Insurance
Property Insurance
$6M26 Jun 2023 San Juan, Rizal, Philippines

Curacel

Developer APIs
FinTech
Health Insurance
Insurance
InsurTech
Internet
$3M14 Feb 2023 Ikoyi, Lagos, Nigeria

Welcome Homes

Real Estate
Residential
$29M12 Jan 2023 New York, New York, United States
News
Pie Insurance Completes $118M Series C Round

– Pie Insurance, an insurtech specializing in workers’ comp insurance for small businesses, today announced the completion of a $118m Series C funding round.
Allianz X and Acrew Capital led the round, and existing investors Greycroft, SVB Capital, SiriusPoint, Elefund, and Moxley Holdings also participated in the round.
– This funding round follows Pie’s $127m Series B extension round in May 2020, in which it formed Pie Carrier Holdings with a $100m equity capital commitment to create and purchase licensed insurance companies.
– In total, Pie has raised over $300m in funding since being founded in 2017.

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Total investments 53
Average round size 14M
Rounds per year 5.89
Peak activity year 2023
Lead investments 4
Follow on index 0.21
Exits 3
Group Appearance index 0.96

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Harmonic

EdTech
Software
$75M23 Sep 2024 Palo Alto, California, United States

Powder

FinTech
$5M23 Jul 2024 Los Altos, California, United States

Powder

FinTech
14 Nov 2023 Los Altos, California, United States

Canopy Connect

Developer APIs
Insurance
$6M25 Oct 2023 Beaverton, Oregon, United States

StretchDollar

Financial Services
Health Insurance
Insurance
$1M26 Sep 2023 San Francisco, California, United States

Confirm

Human Resources
Internet
Recruiting
$6M30 Aug 2023 San Francisco, California, United States

Raincoat

Financial Services
Insurance
Property Insurance
$6M26 Jun 2023 San Juan, Rizal, Philippines

Curacel

Developer APIs
FinTech
Health Insurance
Insurance
InsurTech
Internet
$3M14 Feb 2023 Ikoyi, Lagos, Nigeria

Welcome Homes

Real Estate
Residential
$29M12 Jan 2023 New York, New York, United States
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