Route 66 Ventures

Type

Venture Capital

Status

Active

Location

Alexandria, United States

Total investments

84

Average round size

19M

Portfolio companies

48

Rounds per year

7.00

Lead investments

21

Follow on index

0.43

Exits

5

Stages of investment
SeedEarly Stage VentureLate Stage Venture
Areas of investment
InternetSoftwareFinancial ServicesFinTechInformation TechnologyPaymentsFinanceHealth CareMedicalInsurTech

Summary

In 2012 was created Route 66 Ventures, which is appeared as VC. The company was established in North America in United States. The main office of represented VC is situated in the Alexandria.

The current fund was established by L Michael Meyer, Ryan Katz. We also calculated 10 valuable employees in our database.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Route 66 Ventures, startups are often financed by Anthemis Group, Edison Partners, University Ventures. The meaningful sponsors for the fund in investment in the same round are Anthemis Group, Transamerica Ventures, American Family Ventures. In the next rounds fund is usually obtained by Transamerica Ventures, SBI Group, Anthemis Group.

For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Among the most popular fund investment industries, there are Finance, Payments. Among the most popular portfolio startups of the fund, we may highlight NextCapital, simplesurance, 8 Securities. Besides, a startup requires to be at the age of 6-10 years to receive the investment from the fund. The fund has no exact preference in a number of founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager.

The fund is constantly included in 7-12 investment rounds annually. The increased amount of exits for fund were in 2018. Considering the real fund results, this VC is 25 percentage points more often commits exit comparing to other organizations. Opposing the other organizations, this Route 66 Ventures works on 25 percentage points less the average amount of lead investments. The average startup value when the investment from Route 66 Ventures is more than 1 billion dollars. The usual things for fund are deals in the range of 10 - 50 millions dollars. The top activity for fund was in 2015. Despite it in 2019 the fund had an activity.

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Investor highlights

Industry focus
FintechHealthcare
Stage focus
GeneralistSeed
Check size
500K — 4M

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Investments analytics

Analytics

Total investments
84
Lead investments
21
Exits
5
Rounds per year
7.00
Follow on index
0.43
Investments by industry
  • FinTech (44)
  • Financial Services (40)
  • Finance (22)
  • Health Care (17)
  • Software (14)
  • Show 84 more
Investments by region
  • United States (61)
  • China (5)
  • United Kingdom (13)
  • Germany (3)
  • Switzerland (1)
  • Show 1 more
Peak activity year
2015
Number of Unicorns
2
Number of Decacorns
2
Number of Minotaurs
2

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Quantitative data

Avg. startup age at the time of investment
8
Avg. valuation at time of investment
277M
Group Appearance index
0.86
Avg. company exit year
9
Avg. multiplicator
0.57
Strategy success index
0.60

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Ordaos Bio 25 Aug 2022 Biotechnology, Medical, Life Science Seed 5M United States, New York, New York
Switchboard Health 13 Nov 2023 Health Care, Hospital, Medical Seed 6M United States, Boise, Idaho

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How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

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.