New York, New York, United States Millennium Technology Value Partners appeared to be the VC, which was created in 2002. The fund was located in North America if to be more exact in United States. The leading representative office of defined VC is situated in the New York.
This organization was formed by Daniel L. Burstein, Samuel L. Schwerin. The overall number of key employees were 3.
Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no specific favorite in a number of founders of portfolio startups. When startup sums 4 of the founder, the probability for it to get the investment is little. Among the most popular portfolio startups of the fund, we may highlight Fair, Kik Interactive, Onix Microsystems. Among the most successful fund investment fields, there are Identity Management, Security.
The common things for fund are deals in the range of 10 - 50 millions dollars. When the investment is from Millennium Technology Value Partners the average startup value is 100-500 millions dollars. The important activity for fund was in 2018. The fund is generally included in less than 2 deals every year. Speaking about the real fund results, this VC is 1 percentage points more often commits exit comparing to other organizations. The higher amount of exits for fund were in 2019. Comparing to the other companies, this Millennium Technology Value Partners performs on 12 percentage points less the average number of lead investments.
The typical case for the fund is to invest in rounds with 5-6 participants. Despite the Millennium Technology Value Partners, startups are often financed by Intel Capital, BMW i Ventures, Y Combinator. The meaningful sponsors for the fund in investment in the same round are NEXT Frontier Capital, Intel Capital, BMW i Ventures. In the next rounds fund is usually obtained by OMERS Ventures, NEXT Frontier Capital, Accel.
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Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Gori Company | $6M | 25 Mar 2023 | Santa Fe Springs, California, United States | ||
Gori Company | $6M | 24 Dec 2022 | Santa Fe Springs, California, United States | ||
May Mobility | $111M | 12 Jul 2022 | Ann Arbor, Michigan, United States | ||
Strella Biotechnology | $8M | 07 Jun 2022 | Philadelphia, Pennsylvania, United States | ||
Mendel.ai | $18M | 07 Jun 2021 | San Jose, California, United States | ||
Ziva Dynamics | $7M | 12 May 2020 | Vancouver, British Columbia, Canada | ||
Phantom AI | $22M | 02 Apr 2020 | California, United States | ||
Deep Instinct | $43M | 12 Feb 2020 | New York, New York, United States | ||
INDUS.AI | $8M | 18 Sep 2019 | San Francisco, California, United States |
– Mendel, the company behind the clinical AI platform that understands the unstructured, natural language content within medical documents, announced it has raised $18 million in Series A funding.
– The oversubscribed round was led by DCM, a global venture capital firm, with participation from OliveTree, Zola Global Investors and Millennium Technology Value Partners.
– Return investors include Launch Capital, SOSV, Bootstrap Labs and Chairman of UCSF Health Hub Mark Goldstein.
– Olive Tree Managing Partner, Nichola Eliovits, will join the board.
– The capital will help the company rapidly grow its business and sales team to keep up with the explosive demand for clinical AI technologies by healthcare organizations over the last year.
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| Company | Industry | Round Size | Date | Investors | Location |
Gori Company | $6M | 25 Mar 2023 | Santa Fe Springs, California, United States | ||
Gori Company | $6M | 24 Dec 2022 | Santa Fe Springs, California, United States | ||
May Mobility | $111M | 12 Jul 2022 | Ann Arbor, Michigan, United States | ||
Strella Biotechnology | $8M | 07 Jun 2022 | Philadelphia, Pennsylvania, United States | ||
Mendel.ai | $18M | 07 Jun 2021 | San Jose, California, United States | ||
Ziva Dynamics | $7M | 12 May 2020 | Vancouver, British Columbia, Canada | ||
Phantom AI | $22M | 02 Apr 2020 | California, United States | ||
Deep Instinct | $43M | 12 Feb 2020 | New York, New York, United States | ||
INDUS.AI | $8M | 18 Sep 2019 | San Francisco, California, United States |
