Route 66 Ventures

Founded 2012
Founders L Michael Meyer Ryan Katz

Overview

Unlock datapoints

Portfolio analytics

Team

Investments

News & Media

Add fund to favorites
info
Save this fund for later to form your own custom list of funds
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 62
Average round size
info
The average size of a deal this fund participated in
$21M
Portfolio companies 37
Rounds per year 6.89
Lead investments 17
Follow on index
info
How often the fund supports its portfolio startups at next rounds
0.40
Exits 4
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • FinTech
  • Financial Services
  • Finance
  • Software
  • InsurTech
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.

Read more

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Payzer

Business Development
Electronics
Finance
Financial Services
FinTech
$23M21 Jun 2021 Charlotte, North Carolina, United States

Flume Health

Financial Services
FinTech
Health Care
Health Insurance
Information Technology
InsurTech
Online Portals
$6M25 May 2021 New York, New York, United States

Biotechnology
Health Care
Medical
Pharmaceutical
$27M06 May 2021 New York, New York, United States

Maxwell Financial Labs

Credit
Financial Services
FinTech
Real Estate
SaaS
$16M25 Mar 2021 Denver, Colorado, United States

Health Care
Psychology
$3M19 Nov 2020 Seattle, Washington, United States

DriveWealth

Finance
Financial Services
FinTech
Software
$56M27 Oct 2020 New Jersey, United States

River Health

Health Care
Subscription Service
Wellness
$1M29 Jul 2020 Dallas, Texas, United States

Maxwell Financial Labs

Credit
Financial Services
FinTech
Real Estate
SaaS
$5M30 Jun 2020 Denver, Colorado, United States

Ripple

Blockchain
Cryptocurrency
Financial Services
FinTech
Internet
Payments
$200M20 Dec 2019 San Francisco, California, United States
News
Payzer Raises $23M in Series D Funding

– Payzer is a mobile and cloud-based Field Service Management software provider based in Charlotte.
– The company raised $23m in Series D funding led by Harbert Growth Partners with participation from Grotech Ventures, Route 66 Ventures, Ferguson Ventures, IDEA Fund Partners, and Alerion Ventures.
– The new investment will be aimed at expanding the company’s business reach across HVAC, plumbing, electric, roofing, and other specialty trade markets.

Health Plan Administration Company Flume Health Raises $10 Million

– Flume is a health plan administration platform for the modern fragmented healthcare ecosystem.
– The company raised $6m in equity funding.
Crosslink Capital led the round and Route 66 Ventures and Convene CEO Ryan Simonetti also participated.
– Existing investors Accomplice, Founder Collective, and Primary Venture Partners also participated in the Seed II round.

Review

  • No reviews are submitted yet.
Related media
Top 20 investors in North America with the biggest sum of funding rounds in Sharing Economy industry over the recent years
If you have found a spelling error or the data isn’t actual, please, notify us by selecting that text and pressing Ctrl+Enter. Read more
Do you want more?
We provide dozens of additional datapoints about this fund.
Sign up and get access to full fund profile and advanced analysis.
Full team
Industries heatmap
Stages heatmap
Georgaphy breakdown
Coinvestors
Portfolio analysis
Performance indexes
Latest highlights
Unlock all data
Do you represent Route 66 Ventures?
Get access to manage this page
Get in touch
Found incorrect info? Let us know!

Wait!
You can raise money with us faster

Get matched with relevant funds

Find decision makers data

Connect with investors by email

Remind me later
...and save more than 200 hours*
*-Our recommendation and outreach system saves up to 200 hours of founder time on fundraising for seed and series A+ startups
We use LinkedIn only to verify your account. We don't import or message your contacts, nor post on your behalf.
By creating an account, you agree to our Terms of Service and Privacy Policy.
Crunchbase icon

Content report

The following text will be sent to our editors: