Promus Ventures

Founded 2012
Founders Mike Collett

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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.
Total investments 76
Average round size
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The average size of a deal this fund participated in
$12M
Portfolio companies 78
Rounds per year 8.44
Lead investments 6
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.32
Exits 17
Key employees 2
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Analytics
  • Artificial Intelligence
  • Mobile
  • Information Technology
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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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

FERNRIDE

Autonomous Vehicles
Electric Vehicle
Logistics
Software
Transportation
1
$8M06 Jul 2021 Germany, Munich

Chef Robotics

Artificial Intelligence
Machine Learning
Restaurants
Robotics
1
$7M13 May 2021 United States, San Francisco

The Expert

Interior Design
1
$3M19 Apr 2021 United States, Los Angeles

Ellipsis Drive

Analytics
Enterprise Software
Geospatial
SaaS
1
$2M10 Feb 2021 Netherlands, " The Netherlands"}

Isotropic Systems

Construction
Electronics
Internet
Satellite Communication
1
$40M08 Feb 2021 United Kingdom, London

Charityvest

Charity
Financial Services
FinTech
Mobile Payments
Non Profit
Payments
Taxi Service
1
$2M19 Nov 2020 United States, Atlanta

Finmark

Finance
Financial Services
FinTech
Information Technology
SaaS
Software
1
$5M28 Oct 2020 United States, Raleigh

ICEYE

Aerospace
Agriculture
AgTech
Information Services
Information Technology
1
$87M22 Sep 2020 Finland, Espoo

Biocogniv

Artificial Intelligence
Health Care
Machine Learning
Medical Device
1
$2M31 Aug 2020 United States, " United States"}
News
Earth AI Raises $5.5M Seed+ Funding Round

– EARTH AI, a San Francisco, CA-based vertically-integrated mineral exploration company finding deposits of rare metals, raised $5.5m in Seed+ funding.
– Backers included 50 Years, DCVC, Metaplanet, Cantos Ventures, Promus Ventures, Gagarin Capital, Duro Ventures, Cruise co-founder Kyle Vogt, and Arnoud Balhuizen, former Chief Commercial Officer of BHP.
– Led by Founder and CEO Roman Teslyuk, EARTH AI is a full-stack mineral exploration and mining company that has developed a technological process that allows it to find & assess rare metal deposits.

Chef Robotics raises $7.7M to help automate kitchens

– San Francisco-based Chef Robotics raised $7.7m in combined pre-seed and seed round.
– The round was led by Kleiner Perkins, Promus Ventures, Construct, Bloomberg Beta, BOLD Capital Partners, Red and Blue Ventures, Gaingels, Schox VC, Stewart Alsop and Tau Ventures.
– The product team includes ex-employees of Cruise, Google, Verb Surgical, Zoox and Strateos.
– The company is building a robotics and vision system destined to increase production volume and enhance consistency, while removing some food waste from the process.

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