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Watertower Ventures

Founders Derek Norton Jeremy Milken

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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 45
Average round size
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The average size of a deal this fund participated in
$1M
Portfolio companies 37
Rounds per year 6.43
Lead investments 7
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.16
Exits 2
Key employees 2
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Software
  • E-Commerce
  • Internet
  • Information Technology
  • Media and Entertainment
Summary

In 2017 was created Watertower Ventures, which is appeared as VC. The venture was found in North America in United States. The leading representative office of defined VC is situated in the Beverly Hills.

This organization was formed by Derek Norton. Besides them, we counted 2 critical employees of this fund in our database.

The fund is generally included in 2-6 deals every year. The important activity for fund was in 2019. The typical startup value when the investment from Watertower Ventures is 50-100 millions dollars. The common things for fund are deals in the range of 1 - 5 millions dollars.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Watertower Ventures, startups are often financed by Sputnik ATX, Michael Kassan, Jonathan Neman. The meaningful sponsors for the fund in investment in the same round are BAM Ventures, Waverley Capital, Luma Launch. In the next rounds fund is usually obtained by Waverley Capital, Rogue Venture Partners, Greycroft.

We can highlight the next thriving fund investment areas, such as SaaS, Digital Media. 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 a number of founders of portfolio startups. When startup sums 4 or 5+ of the founder, the probability for it to get the investment is little. Besides, a startup needs to be aged 2-3 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight Adway, Brainbase, StyleRow.

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Typical Co-investors
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Watertower Ventures:

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Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

DocJuris

Legal
Sales Automation
01 Oct 2024 Houston, Texas, United States

Trufl

Apps
Information Technology
Software
05 May 2023 Los Angeles, California, United States

Source Medium

Analytics
Data Visualization
Machine Learning
Software
28 Apr 2023 New York, New York, United States

Giadzy

E-Commerce
Food and Beverage
Internet
Retail
20 Jul 2022 Los Angeles, California, United States

Entrilia

Accounting
CRM
Finance
FinTech
Online Portals
SaaS
Software
Venture Capital
01 Jul 2022 Miami Beach, Florida, United States

StartADAM

Communications Infrastructure
Project Management
SaaS
Software
01 Jun 2022 Los Angeles, California, United States

Kodezi

EdTech
Education
Information Technology
Machine Learning
Natural Language Processing
$1M23 May 2022 Orlando, Florida, United States

Off Script

E-Commerce
Fashion
Shopping
01 May 2022 Stockholm, Stockholm County, Sweden

Slips

Internet
23 Nov 2021 Los Angeles, California, United States
News
Adway Raises $6M in Seed Funding

– Adway is a digital advertising network for brands to engage and attract consumers by using street-level media.
– The company raised $6m in seed funding led by Upfront Ventures and others including Revel Ventures, Watertower Ventures, Inflection Capital, and more.
– The new investment will be used to commercialize the company’s system.

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Total investments 45
Average round size 1M
Rounds per year 6.43
Peak activity year 2021
Lead investments 7
Follow on index 0.16
Exits 2
Group Appearance index 0.69

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

DocJuris

Legal
Sales Automation
01 Oct 2024 Houston, Texas, United States

Trufl

Apps
Information Technology
Software
05 May 2023 Los Angeles, California, United States

Source Medium

Analytics
Data Visualization
Machine Learning
Software
28 Apr 2023 New York, New York, United States

Giadzy

E-Commerce
Food and Beverage
Internet
Retail
20 Jul 2022 Los Angeles, California, United States

Entrilia

Accounting
CRM
Finance
FinTech
Online Portals
SaaS
Software
Venture Capital
01 Jul 2022 Miami Beach, Florida, United States

StartADAM

Communications Infrastructure
Project Management
SaaS
Software
01 Jun 2022 Los Angeles, California, United States

Kodezi

EdTech
Education
Information Technology
Machine Learning
Natural Language Processing
$1M23 May 2022 Orlando, Florida, United States

Off Script

E-Commerce
Fashion
Shopping
01 May 2022 Stockholm, Stockholm County, Sweden

Slips

Internet
23 Nov 2021 Los Angeles, California, United States
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