Millennium Technology Value Partners

Founded 2000
Founders Daniel L. Burstein Samuel L. Schwerin


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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 40
Average round size
The average size of a deal this fund participated in
Portfolio companies 32
Rounds per year 1.90
Lead investments 4
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 14
Key employees 3
Stages of investment
Early Stage Venture
Late Stage Venture
Private Equity

Areas of investment

  • Artificial Intelligence
  • Security
  • Software
  • Machine Learning
  • Social Media

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

CompanyIndustryRound SizeDateInvestorsLocation

Artificial Intelligence
Clinical Trials
Computer Vision
Data Visualization
Health Care
Life Science
Machine Learning
$18M07 Jun 2021 San Jose, California, United States

Phantom AI

Artificial Intelligence
Machine Learning
$22M02 Apr 2020 California, United States

Deep Instinct

Artificial Intelligence
Cyber Security
Machine Learning
Network Security
$43M12 Feb 2020 New York, New York, United States


Artificial Intelligence
Autonomous Vehicles
$32M11 Dec 2019 Raleigh, North Carolina, United States

Autonomous Vehicles
26 Aug 2019 Mountain View, California, United States


Cyber Security
Identity Management
Network Security
28 Nov 2018 Portland, Oregon, United States


Retail Technology
$32M11 Jul 2018 San Francisco, California, United States


$50M05 Mar 2018 Santa Monica, California, United States


Information Services
Information Technology
Mobile Apps
$20M16 Feb 2018 Heart of Missoula, Montana, United States
Clinical AI Technology Leader Mendel Raises $18M in New Capital

– 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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