Lateral Capital

Founded 2017
Founders Rob Eloff Steven Grin

Overview

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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 21
Average round size
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The average size of a deal this fund participated in
$2M
Portfolio companies 17
Rounds per year 5.25
Lead investments 4
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Software
  • FinTech
  • Financial Services
  • SaaS
  • Big Data
Summary

Lateral Capital is the famous VC, which was founded in 2017. The leading representative office of defined VC is situated in the New York. The company was established in North America in United States.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Lateral Capital, startups are often financed by Skylight Investment, Singularity Investments, Sierra Angels. The meaningful sponsors for the fund in investment in the same round are North Base Media, CRE Venture Capital, Zephyr Management. In the next rounds fund is usually obtained by Singularity Investments, Zephyr Management, Spice Capital / OTEO Investment.

The important activity for fund was in 2018. The real fund results show that this VC is 7 percentage points more often commits exit comparing to other companies. The common things for fund are deals in the range of 1 - 5 millions dollars. The fund is constantly included in less than 2 investment rounds annually.

The fund was created by Rob Eloff, Steven Grin. Besides them, we counted 5 critical employees of this fund in our database.

Among the most popular fund investment industries, there are Trading Platform, E-Commerce. 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. Among the most popular portfolio startups of the fund, we may highlight NGX Bio, Once Innovations, Asoko Insight. The fund has no exact preference in a number of founders of portfolio startups.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Pngme

Big Data
Financial Services
FinTech
Software
$15M17 Aug 2021 San Francisco, California, United States

Mono

Finance
Financial Services
Security
Software
$2M24 May 2021 Sabon Gari West, Kano, Nigeria

Appzone Group

Apps
Banking
FinTech
Information Technology
Payments
Software
$10M12 Apr 2021 Lagos, Lagos, Nigeria

Kountable Inc.

SaaS
Trading Platform
02 Feb 2021 San Francisco, California, United States

Automotive
$3M18 Nov 2020 Lagos

SeamlessHR

Human Resources
SaaS
30 Oct 2020 Lagos

Mono (YC W21)

Big Data
$500K21 Sep 2020 Lagos

Mono

Finance
Financial Services
Security
Software
$500K19 Sep 2020 Sabon Gari West, Kano, Nigeria

Pngme

Big Data
Financial Services
FinTech
Software
$3M01 Aug 2020 San Francisco, California, United States
News
TLcom and 4DX drive $13.1M seed round to scale Autochek’s platform across Africa

– Autochek, a pan-African automotive company, raised $13.1m in seed funding.
– The round was led by TLcom Capital and 4DX Ventures, and joined by existing investors Golden Palm Investments, Enza Capital, Lateral Capital, and others.
– First-time investors ASK Capital and Mobility 54 Investment SAS also participated.
– The company has raised $16.5m in two financing rounds.

Pngme Raises $15M in Series A Funding

– Pngme is a San Francisco, CA-based financial data infrastructure and machine learning-as-a-service platform.
– The company raised $15m in Series A funding.
– The round was led by Octopus Ventures with participation from Lateral Capital, Unshackled Ventures, Raptor Group, EchoVC, Future Africa, Two Small Fish Ventures, and a group of individual angel investors including RallyCap’s Hayden Simmons, Plaid’s Dan Khan, former COO of RBC Capital Markets Richard Talbot, and Intersect VC’s Kyle Ellicott among others.
– The company intends to use the funds to expand its executive team with the hiring of Lorraine Kageni Maina as Chief Strategy Officer and Nick Masson as Chief Technology Officer.

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