Shrug Capital

Founded 2018

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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 29
Average round size
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The average size of a deal this fund participated in
$5M
Portfolio companies 39
Rounds per year 9.67
Lead investments 0
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.03
Key employees 3
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • Internet
  • Mobile Apps
  • Mobile
  • SaaS
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
Shrug Capital is more likely to invest in rounds together with the following funds:
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These funds have a tendency to invest in the following rounds after Shrug Capital:

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

Lula

Internet
Logistics
1
$18M08 Jul 2021 United States, Boston

Snackpass

Apps
E-Commerce
Food and Beverage
Local
Mobile Apps
Social
Software
1
$70M23 Jun 2021 United States, San Francisco

Genies

Internet
Media and Entertainment
Mobile
Mobile Apps
1
$65M03 May 2021 United States, Los Angeles

Batch

Apps
E-Commerce
Internet
Software
1
$5M01 Apr 2021 United States, New York

Bitcoin
Blockchain
Marketplace
1
$9M30 Mar 2021 United States, " United States"}

Cohere

Guides
Human Computer Interaction
Online Portals
SaaS
Software
Technical Support
1
$3M17 Mar 2021 United States, New York

Supergreat

Communities
Mobile Apps
1
$6M02 Dec 2020 United States, New York

1v1Me

eSports
Gaming
Mobile
Mobile Apps
1
$2M01 Dec 2020 United States, New York

Information Services
Information Technology
1
$3M07 Oct 2020 United States, San Francisco
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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