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UP2398

Founders Alex Poon Pierre Omidyar Randy Ching

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Investments

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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.

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Total investments 34
Average round size
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The average size of a deal this fund participated in
$3M
Portfolio companies 26
Rounds per year 4.25
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.21
Exits 4
Key employees 2
Stages of investment
Seed

Areas of investment

  • Artificial Intelligence
  • Internet
  • Software
  • Machine Learning
  • SaaS
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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Funds investing in previous rounds
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Typical Co-investors
UP2398 is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after UP2398:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Standard Fleet

Automotive
Electric Vehicle
Software
$7M14 Jun 2023 San Francisco, California, United States

MakerDojo

Analytics
Blockchain
Machine Learning
SaaS
$1M11 Oct 2022 San Jose, California, United States

Slapdash

Information Technology
Internet
Software
$3M18 Mar 2021 San Francisco, California, United States

Rad AI

Artificial Intelligence
$8M20 Aug 2020 Berkeley, California, United States

INDUS.AI

Artificial Intelligence
Construction
Machine Learning
SaaS
$8M18 Sep 2019 San Francisco, California, United States

Currant

Artificial Intelligence
Consumer Electronics
Energy
Renewable Energy
$7M01 Nov 2018 Mountain View, California, United States

Grips Intelligence

Business Intelligence
E-Commerce
Market Research
$2M26 Oct 2018 Berlin, Berlin, Germany

INDUS.AI

Artificial Intelligence
Construction
Machine Learning
SaaS
$3M24 Jul 2018 San Francisco, California, United States

Threadloom (Primary.org)

Information Services
Internet
Shopping
09 Jul 2018 Mountain View, California, United States

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Total investments 34
Average round size 3M
Rounds per year 4.25
Peak activity year 2016
Lead investments 5
Follow on index 0.21
Exits 4
Group Appearance index 0.65

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Standard Fleet

Automotive
Electric Vehicle
Software
$7M14 Jun 2023 San Francisco, California, United States

MakerDojo

Analytics
Blockchain
Machine Learning
SaaS
$1M11 Oct 2022 San Jose, California, United States

Slapdash

Information Technology
Internet
Software
$3M18 Mar 2021 San Francisco, California, United States

Rad AI

Artificial Intelligence
$8M20 Aug 2020 Berkeley, California, United States

INDUS.AI

Artificial Intelligence
Construction
Machine Learning
SaaS
$8M18 Sep 2019 San Francisco, California, United States

Currant

Artificial Intelligence
Consumer Electronics
Energy
Renewable Energy
$7M01 Nov 2018 Mountain View, California, United States

Grips Intelligence

Business Intelligence
E-Commerce
Market Research
$2M26 Oct 2018 Berlin, Berlin, Germany

INDUS.AI

Artificial Intelligence
Construction
Machine Learning
SaaS
$3M24 Jul 2018 San Francisco, California, United States

Threadloom (Primary.org)

Information Services
Internet
Shopping
09 Jul 2018 Mountain View, California, United States
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