Split Rock Partners

Founded 2004

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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 100
Average round size
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The average size of a deal this fund participated in
$19M
Portfolio companies 53
Rounds per year 5.88
Lead investments 21
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.47
Exits 39
Key employees 3
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Health Care
  • Medical Device
  • Medical
  • Biotechnology
  • Software
Summary

Split Rock Partners is the famous VC, which was founded in 2004. The leading representative office of defined VC is situated in the Minneapolis. The venture was found in North America in United States.

The overall number of key employees were 3.

The usual cause for the fund is to invest in rounds with 4-5 partakers. Despite the Split Rock Partners, startups are often financed by Sutter Hill Ventures, St. Paul Venture Capital, Delphi Ventures. The meaningful sponsors for the fund in investment in the same round are SV Health Investors, Delphi Ventures, Sigma Partners. In the next rounds fund is usually obtained by Delphi Ventures, SV Health Investors, Advanced Technology Ventures.

The top amount of exits for fund were in 2016. The top activity for fund was in 2007. Despite it in 2019 the fund had an activity. Speaking about the real fund results, this VC is 8 percentage points more often commits exit comparing to other organizations. When the investment is from Split Rock Partners the average startup value is 50-100 millions dollars. Comparing to the other companies, this Split Rock Partners performs on 11 percentage points more the average number of lead investments. The fund is generally included in 7-12 deals every year. The usual things for fund are deals in the range of 10 - 50 millions dollars.

Among the various public portfolio startups of the fund, we may underline EBR Systems, Acquia, Demandbase Among the most popular fund investment industries, there are Marketing, Analytics. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Besides, a startup needs to be aged 6-10 years to get the investment from the fund.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Gravie

Health Care
Health Insurance
Hospital
Insurance
Marketplace
$28M18 Mar 2021 Minneapolis, Minnesota, United States

EBR Systems

Health Care
Medical
Medical Device
Therapeutic Devices
$30M27 Aug 2019 Sunnyvale, California, United States

Nuvaira

Biotechnology
Health Care
Information Technology
Medical Device
$79M11 Feb 2019 Minneapolis, Minnesota, United States

EBR Systems

Health Care
Medical
Medical Device
Therapeutic Devices
$50M14 Nov 2017 Sunnyvale, California, United States

TruSignal

Advertising
Artificial Intelligence
Digital Marketing
Information Technology
Machine Learning
Marketing
Predictive Analytics
$5M12 Oct 2017 Iowa, United States

Gravie

Health Care
Health Insurance
Hospital
Insurance
Marketplace
$14M19 Jul 2017 Minneapolis, Minnesota, United States

Sparkcentral

Apps
Customer Service
Enterprise Software
SaaS
Social Media
$20M18 Nov 2016 San Francisco, California, United States

Janrain

Digital Media
Identity Management
SaaS
Security
Social
Social Media
$27M16 Dec 2015 Portland, Oregon, United States

Code42

Big Data
Cyber Security
Enterprise
SaaS
Security
Software
$85M06 Oct 2015 Minneapolis, Minnesota, United States
News
Gravie Raises $28M in Series D Financing

– Gravie is a Minneapolis, MI-based defined contribution healthcare company.
– The company raised $28m in Series D funding.
– The round was led by AXA Venture Partners, with participation from existing investors FirstMark Capital, Split Rock Ventures and Revelation Partners.
– The new investment will be used to accelerate the company’s growth through investments in product and technology, sales and marketing, and expansion into new markets through new and existing distribution channels.

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