Morado Ventures

Founded 2010
Founders Ash Patel Michael Marquez

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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 161
Average round size
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The average size of a deal this fund participated in
$3M
Portfolio companies 122
Rounds per year 14.64
Lead investments 8
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.37
Exits 40
Key employees 5
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Enterprise Software
  • Analytics
  • E-Commerce
  • Mobile
Summary

Morado Ventures appeared to be the VC, which was created in 2010. The leading representative office of defined VC is situated in the Palo Alto. The venture was found in North America in United States.

This organization was formed by Ashvin Patel, Michael Marquez. The overall number of key employees were 5.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Morado Ventures, startups are often financed by Webb Investment Network, Tuesday Capital, Felicis Ventures. The meaningful sponsors for the fund in investment in the same round are Visionnaire Ventures, Felicis Ventures, 500 Startups. In the next rounds fund is usually obtained by SV Angel, Webb Investment Network, Data Collective DCVC.

The fund is constantly included in 13-24 investment rounds annually. This Morado Ventures works on 14 percentage points less the average amount of lead investments comparing to the other organizations. The typical startup value when the investment from Morado Ventures is 500 millions - 1 billion dollars. The top activity for fund was in 2015. Despite it in 2019 the fund had an activity. The usual things for fund are deals in the range of 5 - 10 millions dollars. Considering the real fund results, this VC is 14 percentage points less often commits exit comparing to other organizations. The higher amount of exits for fund were in 2017.

We can highlight the next thriving fund investment areas, such as Machine Learning, Information Technology. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. 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 ContextLogic (dba. Wish), Evernote, Zipline.

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

DigiSure

Auto Insurance
Car Sharing
Enterprise Software
FinTech
Fleet Management
Identity Management
InsurTech
Mobile
Ride Sharing
Sharing Economy
1
$13M19 Aug 2021 United States, San Francisco

Lucid Lane Inc.

Health Care
Hospital
1
$16M05 Aug 2021 United States, " United States"}

Global Predictions

Analytics
Artificial Intelligence
FinTech
Machine Learning
1
$2M19 Jul 2021 United States, San Francisco

ViaBot

Artificial Intelligence
Property Management
Robotics
Security
Software
1
$4M07 May 2021 United States, Sunnyvale

Tortuga AgTech

Agriculture
AgTech
Artificial Intelligence
Farming
Machine Learning
1
$20M08 Apr 2021 United States, Denver

Docyt

Accounting
Artificial Intelligence
Machine Learning
Mobile
1
$1M25 Feb 2021 United States, Sunnyvale

Fitness
Information Services
Information Technology
1
$2M07 Oct 2020 United States, Denver

Ono Food Co.

Artificial Intelligence
Industrial Automation
Machine Learning
Restaurants
Robotics
1
$7M31 Aug 2020 United States, San Jose

LoanSnap

Banking
Financial Services
FinTech
Internet
Lending
n/a
$10M14 May 2020 United States, San Francisco
News
DigiSure Scoops Up $13M

– DigiSure, the first company to go beyond credit and driving history for mobility and shared economy businesses, announces the launch of its embedded protection platform to offer instant, individualized micro-insurance policies for better, safer coverage.
– The company is also announcing $13M in funding led by Morado Ventures, with participation from Xplorer Capital, Valor Equity Partners, Clocktower Technology Ventures, True North Cos, and ex-Upwork CEO Fabio Rosati.
– The funds will be used to help grow its team and scale operations.

Docyt raises $1.5M for its ML-based accounting automation platform

– Docyt, a Santa Clara-based company, raised $1.5m seed extension funding.
– The round was led by First Rays Venture Partners with participation from Morado Ventures and a group of angel investors.
– The company plans to use the new investment to accelerate its customer growth.

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