Promus Ventures

Type

Venture Capital

Status

Active

Location

Chicago, United States

Total investments

159

Average round size

14M

Portfolio companies

88

Rounds per year

13.25

Lead investments

9

Follow on index

0.44

Exits

19

Stages of investment
SeedEarly Stage Venture
Areas of investment
SoftwareFinancial ServicesAnalyticsInformation TechnologyMobileArtificial IntelligenceMachine LearningEnterprise SoftwareRoboticsAerospace

Summary

Promus Ventures is the famous VC, which was founded in 2012. The main department of described VC is located in the Chicago. The fund was located in North America if to be more exact in United States.

The typical case for the fund is to invest in rounds with 6-7 participants. Despite the Promus Ventures, startups are often financed by Founder Collective, Y Combinator, Data Collective DCVC. The meaningful sponsors for the fund in investment in the same round are Tuesday Capital, SV Angel, Y Combinator. In the next rounds fund is usually obtained by Tuesday Capital, Uncork Capital, Jump Capital.

The top amount of exits for fund were in 2017. The important activity for fund was in 2013. Despite it in 2019 the fund had an activity. Opposing the other organizations, this Promus Ventures works on 16 percentage points less the average amount of lead investments. The average startup value when the investment from Promus Ventures is 500 millions - 1 billion dollars. The fund is constantly included in 7-12 deals per year. The real fund results show that this VC is 13 percentage points less often commits exit comparing to other companies. The common things for fund are deals in the range of 10 - 50 millions dollars.

Among the most popular portfolio startups of the fund, we may highlight Rocket Lab, Spire Global, Swift Navigation. 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. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Among the most popular fund investment industries, there are Video, Software.

The current fund was established by Mike Collett. The overall number of key employees were 2.

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Investor highlights

Industry focus
Deep TechHardware
Stage focus
Series ASeries B
Geo focus
Generalist

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Investments analytics

Last fund

Fund size
EUR 120000000
Fund raised date
2021-10-25

Analytics

Total investments
159
Lead investments
9
Exits
19
Rounds per year
13.25
Follow on index
0.44
Investments by industry
  • Software (37)
  • Machine Learning (29)
  • Artificial Intelligence (27)
  • Information Technology (23)
  • Mobile (18)
  • Show 160 more
Investments by region
  • United States (123)
  • Finland (3)
  • Germany (11)
  • New Zealand (7)
  • United Kingdom (4)
  • Show 5 more
Peak activity year
2013
Number of Unicorns
3
Number of Decacorns
3
Number of Minotaurs
1

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Quantitative data

Avg. startup age at the time of investment
8
Avg. valuation at time of investment
117M
Group Appearance index
0.97
Avg. company exit year
6
Avg. multiplicator
1.14
Strategy success index
0.60

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
SatSure 29 Aug 2023 Artificial Intelligence, Machine Learning Early Stage Venture 15M Bangalore, Karnataka, India
SeerAI 02 Oct 2023 Seed 4M United States, New York, New York

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Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.