Laconia

Founded 2015
Founders David Arcara Jeffrey Silverman

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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 19
Average round size
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The average size of a deal this fund participated in
$4M
Portfolio companies 16
Rounds per year 3.17
Lead investments 3
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.26
Exits 1
Key employees 4
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • SaaS
  • Artificial Intelligence
  • FinTech
  • Information Technology
Summary

Laconia appeared to be the VC, which was created in 2015. The main department of described VC is located in the New York. The fund was located in North America if to be more exact in United States.

This organization was formed by David Arcara, Jeffrey Silverman. The overall number of key employees were 4.

The fund has no exact preference in a number of founders of portfolio startups. If startup sums 4 or 5+ of the founder, the chance for it to be financed is low. Among the various public portfolio startups of the fund, we may underline Content Raven, Wethos, ExecVision We can highlight the next thriving fund investment areas, such as Education, Software. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund.

The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the Laconia, startups are often financed by ValueStream Ventures, Two Sigma Ventures, Green Egg Ventures. The meaningful sponsors for the fund in investment in the same round are ValueStream Ventures, Susa Ventures, RiverPark Ventures. In the next rounds fund is usually obtained by Lerer Hippeau, ValueStream Ventures, Two Sigma Ventures.

When the investment is from Laconia the average startup value is 5-10 millions dollars. The fund is constantly included in 2-6 investment rounds annually. Opposing the other organizations, this Laconia works on 23 percentage points less the average amount of lead investments. The increased amount of exits for fund were in 2019. The real fund results show that this VC is 11 percentage points more often commits exit comparing to other companies. The high activity for fund was in 2018. The usual things for fund are deals in the range of 5 - 10 millions dollars.

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These funds have a tendency to invest in the following rounds after Laconia:

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Merri

Event Management
SaaS
1
01 Jun 2021 New York United States

Noteworth

Electronic Health Record (EHR)
Enterprise Systems (Healthcare)
Health Care
Information Technology
Other Healthcare Technology Systems
Practice Management (Healthcare)
Software
1
$5M14 Jul 2020 New Jersey United States

TowerIQ

FinTech
Insurance
Software
1
$4M08 Jun 2020 Boston Massachusetts United States

Grapevine AI

1
01 Jan 2020 New York United States

Internet
Marketing
1
20 Dec 2019 New York United States

Unioncrate

Artificial Intelligence
Information Technology
Machine Learning
Predictive Analytics
SaaS
Software
Supply Chain Management
1
$9M04 Oct 2019 New York United States

Ocrolus

Artificial Intelligence
Finance
Financial Services
FinTech
Machine Learning
1
$24M25 Jun 2019 New York United States

xtraCHEF

Analytics
Hospitality
Mobile
Restaurants
SaaS
Sales Automation
Software
1
$7M30 May 2019 New York United States

FinTech
Hedge Funds
1
$3M01 May 2019 Boston Massachusetts United States
News
Ocrolus Lands $80M Series C Financing Round

– Ocrolus, a San Francisco-based automation platform that analyzes financial documents with over 99% accuracy, announced $80m in Series C funding.
– The round was led by Fin VC at a valuation north of $500m.
– Additional participants in the round were Thomvest Ventures, Mubadala Capital, Oak HC/FT, FinTech Collective, QED Investors, Bullpen Capital, ValueStream Ventures, Laconia, RiverPark Ventures, Invicta Growth, Stage 2 Capital, and Cross River Bank.
– The company plans to use its new funding to more aggressively build products for the mortgage lending and banking industries and expand its US operations.

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