Summit Action

Summary

The fund was located in North America if to be more exact in United States. The main department of described VC is located in the New York.

The current fund was established by Brett Leve, Brock Saunders, Carlos Rivera, Elliott Bisnow, Hamad Alwazzan, Jeff Rosenthal, Jeremy Schwartz. The overall number of key employees were 4.

Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Uber, Clover Health, Warby Parker. Among the most successful fund investment fields, there are Health Care, Search Engine. 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 exact preference in some founders of portfolio startups. In case when startup counts 1 or 5+ of the founder, the chance for it to get the investment is meager.

The standard case for the fund is to invest in rounds with 7-8 partakers. Despite the Summit Action, startups are often financed by Lowercase Capital, First Round Capital, Upfront Ventures. The meaningful sponsors for the fund in investment in the same round are Valia Ventures, Upfront Ventures, Refactor Capital. In the next rounds fund is usually obtained by ff Venture Capital, GV, Bullish.

Speaking about the real fund results, this VC is 8 percentage points less often commits exit comparing to other organizations. The typical startup value when the investment from Summit Action is 100-500 millions dollars. Comparing to the other companies, this Summit Action performs on 16 percentage points less the average number of lead investments. The increased amount of exits for fund were in 2019. The high activity for fund was in 2011. Deals in the range of 10 - 50 millions dollars are the general things for fund. The fund is constantly included in less than 2 investment rounds annually.