The Aurora Funds

The Aurora Funds

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Headquarters Location

United States, Durham

About

The Aurora Funds is a well known and established VC, which was founded in 1994. This investor is located in North America, United States. The main office of this VC is situated in Durham.

The fund usually invests in rounds together with 4-5 others. Aside from The Aurora Funds, start-ups are often funded by The Trelys Funds, Intersouth Partners, Sevin Rosen Funds and 22 other funds. The fund often co-invests with Novak Biddle Venture Partners, Harbert Growth Partners, 180 Degree Capital, overall with 37 funds from our list. In subsequent rounds, the fund is usually joined by 180 Degree Capital, Sevin Rosen Funds, Intersouth Partners, as well as 31 other investors.

Moreover, a start-up needs to be 4-5 years old to get investment from this fund. Cardioxyl Pharmaceuticals, Opsware, Blackboard are among the most popular portfolio start-ups of the fund. Among their most successful investment fields, we have identified Medical Device, Pharmaceutical. Also, because of its portfolio diversification tendency, we can highlight 15 more industries for this fund. The fund has no specific requirements for the number of founders in a start-up. When a start-up has 5+ founders, the probability of closing the deal is low. The country of its foundation and the country of the most frequent investments for the fund coincides - United States.

The fund was created by Jeff Clark. Besides the listed founders, we have found 3 key employees of this fund in our database.

Typical investments for this fund are deals in the range of 10 - 50 millions dollars. In comparison with other funds, The Aurora Funds makes 3 percentage points less than the average number of lead investments. In terms of the fund's performance, this VC has 5 percentage points more exits when compared to other organizations. The most exits for the fund occurred in 2018. The fund typically enters into 2-6 deals annually. When The Aurora Funds invests, the average start-up valuation is 10-50 millions dollars. The fund's activity peaked in 2000.

Year Founded

1994

Fund Activity

Not operative

Group Appearance [how often fund is operating separately from groups with shared interest]

100.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

1-3

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

36.9% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x10.5

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

7.4 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.37 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

3

Funds Investing in Previous
Rounds

The Trelys Funds, Intersouth Partners, Sevin Rosen Funds

Funds Investing in Following
Rounds

180 Degree Capital, Sevin Rosen Funds, Intersouth Partners

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