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PNC Financial Services Group

Founders David Perkins Zayed Lakhlid

Overview

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
$59M
Portfolio companies 16
Rounds per year 0.10
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.11
Exits 5
Key employees 50

Areas of investment

  • Software
  • FinTech
  • SaaS
  • Financial Services
  • Education
Summary

PNC Financial Services Group is the famous Corporate Investor, which was founded in 1845. The main department of described Corporate Investor is located in the Pittsburgh. The fund was located in North America if to be more exact in United States.

The overall number of key employees were 50.

The top amount of exits for fund were in 2020. The usual things for fund are deals in the range of 10 - 50 millions dollars. Considering the real fund results, this Corporate Investor is 18 percentage points more often commits exit comparing to other organizations. The top activity for fund was in 2018. When the investment is from PNC Financial Services Group the average startup value is 10-50 millions dollars. Opposing the other organizations, this PNC Financial Services Group works on 4 percentage points less the average amount of lead investments. The fund is generally included in less than 2 deals every year.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the PNC Financial Services Group, startups are often financed by Susquehanna Growth Equity, Norwest Venture Partners, Intel Capital. The meaningful sponsors for the fund in investment in the same round are Citi Ventures, Tenaya Capital, Stephens Group. In the next rounds fund is usually obtained by Susquehanna Growth Equity, Runway Growth Capital, Norwest Venture Partners.

The fund has exact preference in some founders of portfolio startups. Besides, a startup needs to be aged 11-15 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight CareCloud, HighRadius, DonorsChoose.org. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. We can highlight the next thriving fund investment areas, such as Health Care, Oil and Gas.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Greenwood Bank

Banking
Financial Services
FinTech
$45M29 Nov 2022 Atlanta, Georgia, United States

Kore.ai

Artificial Intelligence
Call Center
Collaboration
Enterprise Software
Machine Learning
Messaging
Natural Language Processing
PaaS
Software
Virtual Assistant
$50M29 Sep 2021 Orlando, Florida, United States

Greenwood Bank

Banking
Financial Services
FinTech
$40M25 Mar 2021 Atlanta, Georgia, United States

Madaket

Health Care
$10M23 Jul 2018 Cambridge, Massachusetts, United States

HighRadius

Accounting
Artificial Intelligence
Billing
Enterprise Software
FinTech
Machine Learning
SaaS
Software
14 Feb 2018 Houston, Texas, United States

CareCloud, Health

Business/Productivity Software
Cloud Computing
Electronic Health Record (EHR)
Enterprise Systems (Healthcare)
Health Care
Information Services
Information Technology
Medical Records Systems
SaaS
Software
$31M15 Nov 2016 Miami, Florida, United States

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Total investments 18
Average round size 59M
Rounds per year 0.10
Peak activity year 2016
Lead investments 2
Follow on index 0.11
Exits 5
Group Appearance index 0.83

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Greenwood Bank

Banking
Financial Services
FinTech
$45M29 Nov 2022 Atlanta, Georgia, United States

Kore.ai

Artificial Intelligence
Call Center
Collaboration
Enterprise Software
Machine Learning
Messaging
Natural Language Processing
PaaS
Software
Virtual Assistant
$50M29 Sep 2021 Orlando, Florida, United States

Greenwood Bank

Banking
Financial Services
FinTech
$40M25 Mar 2021 Atlanta, Georgia, United States

Madaket

Health Care
$10M23 Jul 2018 Cambridge, Massachusetts, United States

HighRadius

Accounting
Artificial Intelligence
Billing
Enterprise Software
FinTech
Machine Learning
SaaS
Software
14 Feb 2018 Houston, Texas, United States

CareCloud, Health

Business/Productivity Software
Cloud Computing
Electronic Health Record (EHR)
Enterprise Systems (Healthcare)
Health Care
Information Services
Information Technology
Medical Records Systems
SaaS
Software
$31M15 Nov 2016 Miami, Florida, United States
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