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Milliways Ventures

Founders Anand Rajaraman Venky Harinarayan

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Investments

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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.

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Total investments 18
Average round size
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The average size of a deal this fund participated in
$6M
Portfolio companies 17
Rounds per year 1.64
Lead investments 0
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.06
Exits 6
Key employees 2

Areas of investment

  • Machine Learning
  • Artificial Intelligence
  • Software
  • Enterprise Software
  • Analytics
Summary

Milliways Ventures appeared to be the VC, which was created in 2014. The main office of represented VC is situated in the Palo Alto. The fund was located in North America if to be more exact in United States.

The high activity for fund was in 2015. Despite it in 2019 the fund had an activity. The real fund results show that this VC is 12 percentage points less often commits exit comparing to other companies. The fund is constantly included in less than 2 investment rounds annually. Comparing to the other companies, this Milliways Ventures performs on 14 percentage points less the average number of lead investments. The typical startup value when the investment from Milliways Ventures is 10-50 millions dollars. Deals in the range of 1 - 5 millions dollars are the general things for fund. The top amount of exits for fund were in 2017.

The current fund was established by Anand Rajaraman, Venky Harinarayan. Besides them, we counted 2 critical employees of this fund in our database.

Among the most popular fund investment industries, there are Geospatial, Internet. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most popular portfolio startups of the fund, we may highlight Descartes Labs, TigerGraph, Aibono. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. The fund has no specific favorite in a number of founders of portfolio startups.

The standard case for the fund is to invest in rounds with 5-6 partakers. Despite the Milliways Ventures, startups are often financed by StartupXseed Ventures, SilkRoute Indchem, Rajeev Madhavan. The meaningful sponsors for the fund in investment in the same round are New Enterprise Associates, Gokul Rajaram, Venky Harinarayan. In the next rounds fund is usually obtained by Crosslink Capital, Yunqi Partners, Qiming Venture Partners.

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These funds often invest in the rounds preceeding the rounds of Milliways Ventures:
Typical Co-investors
Milliways Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Milliways Ventures:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

MediBuddy

Health Care
Health Insurance
Medical
mHealth
$40M02 Feb 2021 Bengaluru, Karnataka, India

Motorq

Automotive
Enterprise Software
Fleet Management
Software Engineering
$7M17 Dec 2020 California, United States

DocsApp

Health Care
Medical
Mobile Apps
Wellness
$9M07 May 2020 Bengaluru, Karnataka, India

Aibono

Agriculture
Analytics
Farming
Information Technology
Predictive Analytics
$2M11 Mar 2019 India, Karnataka

Motorq

Automotive
Enterprise Software
Fleet Management
Software Engineering
$2M17 May 2018 California, United States

Finance
Financial Services
Marketing
Trading Platform
$1M05 Apr 2018 Singapore, Central, Singapore

Passage AI

Artificial Intelligence
Machine Learning
Software
$3M27 Sep 2017 Mountain View, California, United States

Trooly

FinTech
Machine Learning
Risk Management
SaaS
Sharing Economy
$10M20 Jun 2016 California, United States

Paysa

Customer Service
Personalization
Professional Services
$4M24 Feb 2016 Palo Alto, California, United States

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Total investments 18
Average round size 6M
Rounds per year 1.64
Peak activity year 2015
Lead investments 0
Follow on index 0.06
Exits 6
Group Appearance index 0.89

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

MediBuddy

Health Care
Health Insurance
Medical
mHealth
$40M02 Feb 2021 Bengaluru, Karnataka, India

Motorq

Automotive
Enterprise Software
Fleet Management
Software Engineering
$7M17 Dec 2020 California, United States

DocsApp

Health Care
Medical
Mobile Apps
Wellness
$9M07 May 2020 Bengaluru, Karnataka, India

Aibono

Agriculture
Analytics
Farming
Information Technology
Predictive Analytics
$2M11 Mar 2019 India, Karnataka

Motorq

Automotive
Enterprise Software
Fleet Management
Software Engineering
$2M17 May 2018 California, United States

Finance
Financial Services
Marketing
Trading Platform
$1M05 Apr 2018 Singapore, Central, Singapore

Passage AI

Artificial Intelligence
Machine Learning
Software
$3M27 Sep 2017 Mountain View, California, United States

Trooly

FinTech
Machine Learning
Risk Management
SaaS
Sharing Economy
$10M20 Jun 2016 California, United States

Paysa

Customer Service
Personalization
Professional Services
$4M24 Feb 2016 Palo Alto, California, United States
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