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Promus Ventures

Founders Mike Collett

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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 153
Average round size
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The average size of a deal this fund participated in
$14M
Portfolio companies 87
Rounds per year 12.75
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.42
Exits 19
Key employees 2
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Machine Learning
  • Artificial Intelligence
  • Information Technology
  • Mobile
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

CompanyIndustryRound SizeDateInvestorsLocation

Jua

Artificial Intelligence
Developer Platform
Information Technology
Internet
Machine Learning
SaaS
$16M05 Feb 2024 Freienbach, Schwyz, Switzerland

FERNRIDE

Autonomous Vehicles
Electric Vehicle
Logistics
Software
Transportation
$19M20 Sep 2023 Munich, Bayern, Germany

SatSure

Artificial Intelligence
Machine Learning
$15M29 Aug 2023 Bangalore, Karnataka, India

FERNRIDE

Autonomous Vehicles
Electric Vehicle
Logistics
Software
Transportation
$34M13 Jun 2023 Munich, Bayern, Germany

Halter

Agriculture
AgTech
Hardware
Software
$58M30 Mar 2023 Auckland, Auckland, New Zealand

The Exploration Company

Aerospace
$47M07 Feb 2023 Munich, Bayern, Germany

Recycleye

Machine Learning
$17M02 Feb 2023 London, England, United Kingdom

The Exploration Company

Aerospace
$47M01 Feb 2023 Munich, Bayern, Germany

RobCo – The Robot Company

Industrial Automation
Information Technology
Robotics
Software
$14M11 Dec 2022 München, Bayern, Germany
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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Total investments 153
Average round size 14M
Rounds per year 12.75
Peak activity year 2013
Lead investments 9
Follow on index 0.42
Exits 19
Group Appearance index 0.97

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Jua

Artificial Intelligence
Developer Platform
Information Technology
Internet
Machine Learning
SaaS
$16M05 Feb 2024 Freienbach, Schwyz, Switzerland

FERNRIDE

Autonomous Vehicles
Electric Vehicle
Logistics
Software
Transportation
$19M20 Sep 2023 Munich, Bayern, Germany

SatSure

Artificial Intelligence
Machine Learning
$15M29 Aug 2023 Bangalore, Karnataka, India

FERNRIDE

Autonomous Vehicles
Electric Vehicle
Logistics
Software
Transportation
$34M13 Jun 2023 Munich, Bayern, Germany

Halter

Agriculture
AgTech
Hardware
Software
$58M30 Mar 2023 Auckland, Auckland, New Zealand

The Exploration Company

Aerospace
$47M07 Feb 2023 Munich, Bayern, Germany

Recycleye

Machine Learning
$17M02 Feb 2023 London, England, United Kingdom

The Exploration Company

Aerospace
$47M01 Feb 2023 Munich, Bayern, Germany

RobCo – The Robot Company

Industrial Automation
Information Technology
Robotics
Software
$14M11 Dec 2022 München, Bayern, Germany
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