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Flight Ventures

Founders Alec Hsu Gil Penchina Shawn Merani

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Total investments 67
Average round size
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The average size of a deal this fund participated in
$9M
Portfolio companies 61
Rounds per year 6.70
Lead investments 6
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.09
Exits 18
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Mobile
  • SaaS
  • Apps
  • Information Technology
Summary

Flight Ventures is the famous VC, which was founded in 2013. The venture was found in North America in United States. The main office of represented VC is situated in the San Francisco.

The usual cause for the fund is to invest in rounds with 7-8 partakers. Despite the Flight Ventures, startups are often financed by Fabrice Grinda, Sherpa Capital, Daniel Curran. The meaningful sponsors for the fund in investment in the same round are Gil Penchina, FundersClub, Fabrice Grinda. In the next rounds fund is usually obtained by Daniel Curran, Ludlow Ventures, Gil Penchina.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Cruise Automation, Dollar Shave Club, Rent the Runway. The fund has exact preference in a number of founders of portfolio startups. When startup sums 1 or 5+ of the founder, the probability for it to get the investment is little. 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 Service Industry, Mobile Apps.

The increased amount of exits for fund were in 2019. The fund is constantly included in 7-12 investment rounds annually. Deals in the range of 10 - 50 millions dollars are the general things for fund. The real fund results show that this VC is 8 percentage points less often commits exit comparing to other companies. The important activity for fund was in 2015. This Flight Ventures works on 12 percentage points less the average amount of lead investments comparing to the other organizations. When the investment is from Flight Ventures the average startup value is 100-500 millions dollars.

This organization was formed by Alec Hsu, Gil Penchina, Shawn Merani. The overall number of key employees were 5.

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Typical Co-investors
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Flight Ventures:

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Funds from United States
Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Feel Therapeutics

Biotechnology
Health Care
Health Diagnostics
Health Insurance
Medical Device
Psychology
$4M07 Feb 2022 San Francisco, California, United States

Elude

Adventure Travel
Leisure
Search Engine
Social Network
Travel
$3M17 Nov 2021 Los Angeles, California, United States

Elude

Adventure Travel
Leisure
Search Engine
Social Network
Travel
$2M04 Aug 2021 Los Angeles, California, United States

ARTA

Developer APIs
E-Commerce
Freight Service
Logistics
Shipping
$4M27 May 2021 New York, New York, United States

Honeycomb Credit

Finance
Financial Services
FinTech
$1M15 Mar 2021 Pittsburgh, Pennsylvania, United States

Yobs

Artificial Intelligence
Developer APIs
Human Resources
Recruiting
$2M01 Mar 2021 Los Angeles, California, United States

Momentum

Apps
Charity
Information Technology
Mobile Apps
Software
01 Jan 2021 Oakland, California, United States

Moons

Dental
Health Care
Wellness
01 Jan 2020 Mexico, Guerrero, Mexico

Safely Health

Apps
Blockchain
Health Care
Information Technology
Marketplace
Software
$3M01 Jul 2019 Santa Monica, California, United States
News
Olio Raises $43M in Series B Funding

– Olio is a London UK-based community sustainability app.
– Company raised $43M in Series B funding.
– The round was led by VNV Global and Lugard Road Capital with participation from Accel, Octopus Ventures, Rubio, Jason Stockwood, Lord Waheed Alli, DX Ventures, Alumni Ventures and Flight Ventures.
– The new investment will be used to accelerate the company’s international expansion and development of new products.

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Total investments 67
Average round size 9M
Rounds per year 6.70
Peak activity year 2015
Lead investments 6
Follow on index 0.09
Exits 18
Group Appearance index 1.00

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Feel Therapeutics

Biotechnology
Health Care
Health Diagnostics
Health Insurance
Medical Device
Psychology
$4M07 Feb 2022 San Francisco, California, United States

Elude

Adventure Travel
Leisure
Search Engine
Social Network
Travel
$3M17 Nov 2021 Los Angeles, California, United States

Elude

Adventure Travel
Leisure
Search Engine
Social Network
Travel
$2M04 Aug 2021 Los Angeles, California, United States

ARTA

Developer APIs
E-Commerce
Freight Service
Logistics
Shipping
$4M27 May 2021 New York, New York, United States

Honeycomb Credit

Finance
Financial Services
FinTech
$1M15 Mar 2021 Pittsburgh, Pennsylvania, United States

Yobs

Artificial Intelligence
Developer APIs
Human Resources
Recruiting
$2M01 Mar 2021 Los Angeles, California, United States

Momentum

Apps
Charity
Information Technology
Mobile Apps
Software
01 Jan 2021 Oakland, California, United States

Moons

Dental
Health Care
Wellness
01 Jan 2020 Mexico, Guerrero, Mexico

Safely Health

Apps
Blockchain
Health Care
Information Technology
Marketplace
Software
$3M01 Jul 2019 Santa Monica, California, United States
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