Palm Drive Capital

Summary

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.