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MState

Founders Ed Sim Eliot Durbin Rob Bailey

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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 8
Average round size
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The average size of a deal this fund participated in
$20M
Portfolio companies 5
Rounds per year 1.14
Lead investments 1
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.38
Key employees Soon
Stages of investment
Seed

Areas of investment

  • Blockchain
  • Computer
  • Cloud Data Services
  • Cloud Computing
  • Information Technology
Summary

In 2017 was created MState, which is appeared as VC. The leading representative office of defined VC is situated in the New City. The company was established in North America in United States.

The fund was created by Ed Sim, Eliot Durbin, Rob Bailey.

The typical case for the fund is to invest in rounds with 7-8 participants. Despite the MState, startups are often financed by Ridge Ventures (Formerly known as IDG Ventures USA), Plug and Play, Parade Ventures. The meaningful sponsors for the fund in investment in the same round are Ridge Ventures (Formerly known as IDG Ventures USA), Parade Ventures, Natalie Diggins. In the next rounds fund is usually obtained by Global Founders Capital, Felicis Ventures, Caffeinated Capital.

The fund has no exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little. We can highlight the next thriving fund investment areas, such as Cyber Security, Cloud Computing. Among the most popular portfolio startups of the fund, we may highlight Blockdaemon, Fireblocks, InCountry. 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 1 and less years to get the investment from the fund.

Deals in the range of 10 - 50 millions dollars are the general things for fund. The high activity for fund was in 2019. Speaking about the real fund results, this VC is 0 percentage points less often commits exit comparing to other organizations. The fund is constantly included in 2-6 investment rounds annually.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Fireblocks

Blockchain
Computer
Cyber Security
Digital Media
$16M11 Jun 2019 United States, New York

Compliance
Data Storage
Information Technology
$7M03 May 2019 San Francisco, California, United States

Caligotech

Business/Productivity Software
E-Commerce
Information Technology
Media and Information Services (B2B)
$3M24 Sep 2018 San Jose, California, United States

Oasis Labs

Blockchain
Cloud Computing
Cloud Data Services
$45M09 Jul 2018 San Francisco, California, United States

Bitcoin
Blockchain
Cloud Infrastructure
Cloud Management
Computer
Cryptocurrency
Ethereum
FinTech
$3M06 Mar 2018 Los Angeles, California, United States

Bitcoin
Blockchain
Cloud Infrastructure
Cloud Management
Computer
Cryptocurrency
Ethereum
FinTech
07 Nov 2017 Los Angeles, California, United States

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Total investments 8
Average round size 20M
Rounds per year 1.14
Peak activity year 2018
Lead investments 1
Follow on index 0.38
Group Appearance index 1.00

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Fireblocks

Blockchain
Computer
Cyber Security
Digital Media
$16M11 Jun 2019 United States, New York

Compliance
Data Storage
Information Technology
$7M03 May 2019 San Francisco, California, United States

Caligotech

Business/Productivity Software
E-Commerce
Information Technology
Media and Information Services (B2B)
$3M24 Sep 2018 San Jose, California, United States

Oasis Labs

Blockchain
Cloud Computing
Cloud Data Services
$45M09 Jul 2018 San Francisco, California, United States

Bitcoin
Blockchain
Cloud Infrastructure
Cloud Management
Computer
Cryptocurrency
Ethereum
FinTech
$3M06 Mar 2018 Los Angeles, California, United States

Bitcoin
Blockchain
Cloud Infrastructure
Cloud Management
Computer
Cryptocurrency
Ethereum
FinTech
07 Nov 2017 Los Angeles, California, United States
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