Rackspace

Status

Active

Total investments

9

Average round size

23M

Portfolio companies

8

Rounds per year

0.39

Follow on index

0.11

Exits

5

Areas of investment
InfrastructureSoftwareMessagingSaaSEnterprise SoftwareBig DataCloud ComputingPaaSElectronicsEmail

Summary

Rackspace appeared to be the Corporate Investor, which was created in 1998. The venture was found in North America in United States. The leading representative office of defined Corporate Investor is situated in the San Antonio.

The current fund was established by Dirk Elmendorf, Graham Weston, Pat Condon, Pat Condon, Richard Yoo.

The common things for fund are deals in the range of 10 - 50 millions dollars. Comparing to the other companies, this Rackspace performs on 28 percentage points more the average number of lead investments. The high activity for fund was in 2015. The fund is constantly included in less than 2 investment rounds annually. The higher amount of exits for fund were in 2019.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Rackspace, startups are often financed by Y Combinator, Warburg Pincus, Pritzker Group Venture Capital. The meaningful sponsors for the fund in investment in the same round are Scaleworks, Warburg Pincus, Turn/River Capital. In the next rounds fund is usually obtained by Lightspeed Venture Partners, CapitalG, Salil Deshpande.

Among the most popular portfolio startups of the fund, we may highlight CrowdStrike, Mailgun, ScaleFT. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. The fund has exact preference in a number of founders of portfolio startups. If startup sums 1 or 5+ of the founder, the chance for it to be financed is low. Among the most successful fund investment fields, there are Security, Cyber Security. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund.

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Investor highlights

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Investments analytics

Analytics

Total investments
9
Lead investments
0
Exits
5
Rounds per year
0.39
Follow on index
0.11
Investments by industry
  • Software (7)
  • Enterprise Software (4)
  • Cloud Computing (4)
  • SaaS (3)
  • Email (2)
  • Show 19 more
Investments by region
  • United States (9)
Peak activity year
2015
Number of Unicorns
1
Number of Decacorns
1

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Quantitative data

Avg. startup age at the time of investment
10
Avg. valuation at time of investment
915M
Group Appearance index
0.67
Avg. company exit year
7
Avg. multiplicator
10.39
Strategy success index
0.40

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
CrowdStrike 13 Jul 2015 SaaS, Cyber Security, Network Security, Crowdsourcing Late Stage Venture 100M United States, California, Sunnyvale
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