New York, New York, United States The company was established in North America in United States. The leading representative office of defined VC is situated in the New York.
The increased amount of exits for fund were in 2016. The usual things for fund are deals in the range of 10 - 50 millions dollars. The real fund results show that this VC is 16 percentage points less often commits exit comparing to other companies. Opposing the other organizations, this Palm Drive Capital works on 25 percentage points less the average amount of lead investments. The important activity for fund was in 2017. Despite it in 2019 the fund had an activity. The fund is constantly included in 2-6 deals per year.
Among the most successful fund investment fields, there are Internet, Pharmaceutical. Besides, a startup needs to be aged 4-5 years to get the investment from the fund. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight Jet.com, Rappi, WeLab.
The current fund was established by Hendrick Lee, Seamon Chan. The overall number of key employees were 3.
The typical case for the fund is to invest in rounds with 5-6 participants. Despite the Palm Drive Capital, startups are often financed by Y Combinator, InQlab, Stella Maris Partners. The meaningful sponsors for the fund in investment in the same round are Y Combinator, Soma Capital, FundersClub. In the next rounds fund is usually obtained by Y Combinator, Thrive Capital, Sequoia Capital.
Related Funds
| Fund Name | Location |
| Abunayyan Holding | Ar Riyad, Riyadh, Saudi Arabia |
| Empire Angels | New York, New York, United States |
| Evolvo Group Investments ApS | - |
| GVC Venture Fund | Japan, Tokyo |
| MGC Venture Partners | - |
| Oregon Entrepreneurs Network (OEN) | Oregon, Portland, United States |
| Renewal Funds | British Columbia, Canada, Vancouver |
| Scient | California, San Francisco, United States |
| SmiLe Incubator | Lund, Skane Lan, Sweden |
Notable deals
| Company | Industry | Round Size | Date | Investors | Location |
Invygo | 23 Oct 2024 | Dubai, United Arab Emirates | |||
Stanly | $8M | 12 Jun 2024 | Los Angeles, California, United States | ||
Anzen | $4M | 12 May 2024 | - | ||
Refine | $2M | 06 May 2024 | - | ||
Popularium | $2M | 26 Mar 2024 | Los Angeles, California, United States | ||
Moove | $100M | 19 Mar 2024 | Amsterdam, Noord-Holland, The Netherlands | ||
Louisa | $5M | 06 Mar 2024 | - | ||
MAKA | $2M | 14 Dec 2023 | Lagos, Lagos, Nigeria | ||
EduFi | $6M | 10 Nov 2023 | Lahore, Punjab, Pakistan |
– Moove, an African mobility fintech, announced that it has raised $23m in Series A funding.
– The round was led by Speedinvest and Left Lane Capital, with participation from DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Spartech Ventures, Class 5 Global, and Victoria van Lennep, co-founder of Lendable.
– Africa specialist, Verod Kepple Africa Ventures, and one of Moove’s existing lenders, Emso Asset Management, also joined the round.
– This brings Moove’s total funding to $68.2m, including $28.2m in equity and $40m in debt.
– MealMe.ai, a food search engine, raised $900k in pre-seed funding.
– Palm Drive Capital led the round, with participation from Slow Ventures and CP Ventures.
– TechCrunch first became familiar with MealMe when it presented as part of the Techstars Atlanta demo day last October, mentioning it in a roundup of favorite startups from a group of the accelerator’s startup cohorts.
– The company’s product allows users to search for food, or a restaurant. It then displays price points from various food-delivery apps for what the user wants to eat and have delivered. And, notably, MealMe allows for in-app checkout, regardless of the selected provider.
– The service could boost pricing and delivery-speed transparency amongst the different apps that help folks eat, like DoorDash and Uber Eats.
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Unlock all data Latest deals
| Company | Industry | Round Size | Date | Investors | Location |
Invygo | 23 Oct 2024 | Dubai, United Arab Emirates | |||
Stanly | $8M | 12 Jun 2024 | Los Angeles, California, United States | ||
Anzen | $4M | 12 May 2024 | - | ||
Refine | $2M | 06 May 2024 | - | ||
Popularium | $2M | 26 Mar 2024 | Los Angeles, California, United States | ||
Moove | $100M | 19 Mar 2024 | Amsterdam, Noord-Holland, The Netherlands | ||
Louisa | $5M | 06 Mar 2024 | - | ||
MAKA | $2M | 14 Dec 2023 | Lagos, Lagos, Nigeria | ||
EduFi | $6M | 10 Nov 2023 | Lahore, Punjab, Pakistan |
