Heron Rock Fund

Type

Venture Capital, Other

Status

Active

Location

Ottawa, Canada

Total investments

63

Average round size

9M

Portfolio companies

52

Rounds per year

6.30

Lead investments

2

Follow on index

0.16

Exits

2

Areas of investment
SoftwareFinancial ServicesFinTechRetailInformation TechnologyFood and BeverageHealth CareSaaSEducationMedical Device

Summary

Among the most successful fund investment fields, there are Grocery, E-Commerce. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Grove Collaborative.

The important activity for fund was in 2019. The common things for fund are deals in the range of 50 - 100 millions dollars. The average startup value when the investment from Heron Rock Fund is 500 millions - 1 billion dollars. The fund is generally included in 2-6 deals every year.

The typical case for the fund is to invest in rounds with 7 participants. Despite the Heron Rock Fund, startups are often financed by Tom Williams, Nexus Venture Partners, NextView Ventures. The meaningful sponsors for the fund in investment in the same round are Seek Ventures, Norwest Venture Partners, Nexus Venture Partners. In the next rounds fund is usually obtained by Nexus Venture Partners.

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Investor highlights

Industry generalist
Yes
Industry focus
GeneralistAI/Big DataB2B/EnterpriseCloud/InfrastructureConsumer/Retail Show 6 more
Stage focus
Seed
Geo focus
Generalist

Preferences and restrictions

Doesn’t invest in
China

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Investments analytics

Analytics

Total investments
63
Lead investments
2
Exits
2
Rounds per year
6.30
Follow on index
0.16
Investments by industry
  • Software (19)
  • Health Care (13)
  • SaaS (9)
  • Education (8)
  • Retail (7)
  • Show 113 more
Investments by region
  • United States (41)
  • Canada (17)
  • India (3)
  • United Kingdom (1)
Peak activity year
2020
Number of Unicorns
3
Number of Decacorns
3

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Quantitative data

Avg. startup age at the time of investment
7
Avg. valuation at time of investment
117M
Group Appearance index
0.73
Avg. company exit year
4

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
CodeCombat 25 Mar 2014 Gaming, EdTech, Education, Online Games, Video Games Seed 250K United States, California, San Francisco
Jumbotail 18 Mar 2024 Food Products, Internet Retail, Beverages, E-Commerce, Retail, Food and Beverage, Marketplace, Grocery Late Stage Venture 19M Karnataka, Bengaluru, India
How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.