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Shrug Capital

Investor type Micro VC

Overview

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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.
Total investments 78
Average round size
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The average size of a deal this fund participated in
$10M
Portfolio companies 67
Rounds per year 19.50
Lead investments 0
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.12
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Internet
  • Mobile Apps
  • Marketplace
  • Apps
Summary

The company was established in North America in United States. The main office of represented VC is situated in the San Francisco.

The usual cause for the fund is to invest in rounds with 6-7 partakers. Despite the Shrug Capital, startups are often financed by Y Combinator, WndrCo, Weekend Fund. The meaningful sponsors for the fund in investment in the same round are Founders Fund, Y Combinator, Niv Dror. In the next rounds fund is usually obtained by Y Combinator, True Ventures, Thrive Capital.

The fund is constantly included in 2-6 deals per year. The important activity for fund was in 2019. Deals in the range of 1 - 5 millions dollars are the general things for fund.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Daisie, Voiceflow, Zestful. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Among the most popular fund investment industries, there are Machine Learning, Gaming. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

Besides them, we counted 6 critical employees of this fund in our database.

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Typical Co-investors
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These funds have a tendency to invest in the following rounds after Shrug Capital:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Thirdweb

Blockchain
Software
Web Apps
$24M24 Aug 2022 London, England, United Kingdom

Maximus

Consumer
Health Care
Software
$10M10 Aug 2022 Santa Monica, California, United States

Summer Health

Home Health Care
$7M25 Jul 2022 New York, New York, United States

Headliner

Music
$16M14 Jul 2022 Santa Monica, California, United States

Aidaly

Education
Health Care
Professional Services
$8M22 Jun 2022 -

Friendly Apps

Apps
Software
$3M26 May 2022 Miami, Florida, United States

SESO

Agriculture
AgTech
Farming
Human Resources
Marketplace
Staffing Agency
$25M14 Apr 2022 San Francisco, California, United States

Starlight

Cryptocurrency
FinTech
Software
$5M05 Apr 2022 Jersey City, New Jersey, United States

Fractal

Cryptocurrency
Marketplace
Virtual Reality
$35M01 Apr 2022 Solana Beach, California, United States
News
Miami twins raise $18M for Lula, an insurance infrastructure upstart

– Lula, a Miami-based insurance infrastructure startup, announced it has raised $18m in a Series A round of funding.
– The round was led by Founders Fund and Khosla Ventures co-led the round, which also included participation from SoftBank, hedge fund manager Bill Ackman, Shrug Capital, Steve Pagliuca (Bain Capital co-chairman and Boston Celtics owner), Tiny Capital’s Andrew Wilkinson. Existing backers such as Nextview Ventures and Florida Funders also invested, in addition to a number of insurance and logistics groups such as Flexport.
– The startup’s self-proclaimed mission is to provide companies of all sizes — from startups to multinational corporations — with insurance infrastructure. Think of it as a “Stripe for insurance,” its founders say.

Note-taking app Mem raises $5.6 million from Andreessen Horowitz

– Mem, a free app, is an early access platform dedicated to pushing users to quickly jot down their thoughts without focusing too heavily on the underlying organization of them.
– The startup’s founders have vast ambitions for what their platform could become down the road, tapping into further advances in machine learning and even AR.
– The company raised $5.6m in a seed round led by a16z with additional participation from their Cultural Leadership Fund, Will Smith’s dreamers.vc, Floodgate, Unusual Ventures and Shrug Capital.
– The round also was host to a handful of angel investors including Harry Stebbings, Julia Lipton, Tony Liu, Rahul Vohra and Todd Goldberg, among others.

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