UP2398

Type

Venture Capital

Status

Active

Location

Redwood City, United States

Total investments

34

Average round size

3M

Portfolio companies

26

Rounds per year

4.25

Lead investments

5

Follow on index

0.21

Exits

4

Stages of investment
Seed
Areas of investment
E-CommerceInternetSoftwareMobileArtificial IntelligenceMachine LearningSaaSConsumer ElectronicsEnergyRenewable Energy

Summary

In 2015 was created UP2398, which is appeared as VC. The fund was located in North America if to be more exact in United States. The leading representative office of defined VC is situated in the Redwood City.

Besides, a startup needs to be aged 2-3 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight Bright Funds, Presdo, Currant. The fund has exact preference in some founders of portfolio startups. If startup sums 3 or 5+ of the founder, the chance for it to be financed is low. We can highlight the next thriving fund investment areas, such as Consumer Electronics, Mobile.

This organization was formed by Alex Poon, Pierre Omidyar, Randy Ching.

The usual cause for the fund is to invest in rounds with 3-4 partakers. Despite the UP2398, startups are often financed by Michael Coors, Y Combinator, Wellspring Growth Partners. The meaningful sponsors for the fund in investment in the same round are Telegraph Hill Capital, Spero Ventures, Precursor Ventures. In the next rounds fund is usually obtained by WME Ventures, True Ventures, Spero Ventures.

The fund is generally included in 7-12 deals every year. Speaking about the real fund results, this VC is 5 percentage points less often commits exit comparing to other organizations. The common things for fund are deals in the range of 5 - 10 millions dollars. The high activity for fund was in 2017.

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Investor highlights

Stage focus
Seed

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Investments analytics

Analytics

Total investments
34
Lead investments
5
Exits
4
Rounds per year
4.25
Follow on index
0.21
Investments by industry
  • Artificial Intelligence (7)
  • Internet (6)
  • Software (5)
  • Machine Learning (5)
  • SaaS (4)
  • Show 57 more
Investments by region
  • United States (30)
  • Germany (2)
  • Romania (1)
Peak activity year
2016

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Quantitative data

Avg. startup age at the time of investment
6
Avg. valuation at time of investment
692K
Group Appearance index
0.65
Avg. company exit year
5

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Aperiam Bio 07 Mar 2022 Biotechnology, Health Care, Therapeutics Seed 3M United States, Texas, Austin
Standard Fleet 14 Jun 2023 Automotive, Software, Electric Vehicle Seed 7M United States, California, San Francisco
Threadloom (Primary.org) 15 Jun 2016 Internet, Information Services, Shopping Seed United States, California, Mountain View
Zestful 20 Mar 2017 Internet, Human Resources, SaaS, Enterprise Software, Employee Benefits Seed 120K United States, Colorado, Denver
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