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Route 66 Ventures

Founders L Michael Meyer Ryan Katz

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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 83
Average round size
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The average size of a deal this fund participated in
$19M
Portfolio companies 47
Rounds per year 6.92
Lead investments 21
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.43
Exits 5
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • FinTech
  • Financial Services
  • Finance
  • Health Care
  • Software
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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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Route 66 Ventures:
Typical Co-investors
Route 66 Ventures is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Route 66 Ventures:

Funds with similar focus

Funds from United States
Funds with similar focus located in United States:
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Funds with similar geography of portfolio companies:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Yuvo Health

Communities
Health Care
Medical
$20M07 Jun 2023 New York, New York, United States

Change Foods

Biotechnology
Consumer Goods
Food and Beverage
Food Processing
Sustainability
$5M15 Mar 2023 Palo Alto, California, United States

Ryse Health

Health Care
Medical
$6M02 Mar 2023 Arlington, Virginia, United States

EarthOptics

Information Technology
$27M18 Jan 2023 Raleigh, North Carolina, United States

Inflow

Cyber Security
Health Care
Hospital
Information Technology
Outsourcing
$11M11 Jan 2023 London, England, United Kingdom

Gilgamesh Pharmaceuticals

Biotechnology
Health Care
Medical
Pharmaceutical
$39M15 Dec 2022 New York, New York, United States

Sensorium Therapeutics

Health Care
Medical
Therapeutics
$30M04 Oct 2022 Boston, Massachusetts, United States

Ordaos Bio

Biotechnology
Life Science
Medical
$5M25 Aug 2022 New York, New York, United States

Flume Health

Financial Services
FinTech
Health Care
Health Insurance
Information Technology
InsurTech
Online Portals
$30M04 Mar 2022 New York, New York, 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.

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Total investments 83
Average round size 19M
Rounds per year 6.92
Peak activity year 2015
Lead investments 21
Follow on index 0.43
Exits 5
Group Appearance index 0.86

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Yuvo Health

Communities
Health Care
Medical
$20M07 Jun 2023 New York, New York, United States

Change Foods

Biotechnology
Consumer Goods
Food and Beverage
Food Processing
Sustainability
$5M15 Mar 2023 Palo Alto, California, United States

Ryse Health

Health Care
Medical
$6M02 Mar 2023 Arlington, Virginia, United States

EarthOptics

Information Technology
$27M18 Jan 2023 Raleigh, North Carolina, United States

Inflow

Cyber Security
Health Care
Hospital
Information Technology
Outsourcing
$11M11 Jan 2023 London, England, United Kingdom

Gilgamesh Pharmaceuticals

Biotechnology
Health Care
Medical
Pharmaceutical
$39M15 Dec 2022 New York, New York, United States

Sensorium Therapeutics

Health Care
Medical
Therapeutics
$30M04 Oct 2022 Boston, Massachusetts, United States

Ordaos Bio

Biotechnology
Life Science
Medical
$5M25 Aug 2022 New York, New York, United States

Flume Health

Financial Services
FinTech
Health Care
Health Insurance
Information Technology
InsurTech
Online Portals
$30M04 Mar 2022 New York, New York, United States
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