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Gigafund

Founders Luke Nosek Stephen Oskoui

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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 20
Average round size
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The average size of a deal this fund participated in
$109M
Portfolio companies 13
Rounds per year 3.33
Lead investments 5
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.35
Key employees 2

Areas of investment

  • Health Care
  • Software
  • Insurance
  • Employee Benefits
  • Artificial Intelligence
Summary

The fund was located in North America if to be more exact in United States. The main office of represented VC is situated in the Austin.

The current fund was established by Luke Nosek, Stephen Oskoui.

The important activity for fund was in 2019. The real fund results show that this VC is 5 percentage points more often commits exit comparing to other companies. The common things for fund are deals in the range of more than 100 millions dollars. The fund is constantly included in 2-6 deals per year.

The usual cause for the fund is to invest in rounds with 8-9 partakers. Despite the Gigafund, startups are often financed by K3 Ventures, Decacorn Capital. The meaningful sponsors for the fund in investment in the same round are Vy Capital, Vanedge Capital, Trust Ventures. In the next rounds fund is usually obtained by Ontario Teachers' Pension Plan, NASA, Meyer Equity.

The fund has no exact preference in some founders of portfolio startups. In case when startup counts 4 or 5+ of the founder, the chance for it to get the investment is meager. Among the most popular portfolio startups of the fund, we may highlight The Boring Company, Golden, Sana Benefits. Among the most popular fund investment industries, there are Artificial Intelligence, Machine Learning. For fund there is a match between the location of its establishment and the land of its numerous investments - United States. Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Sana Benefits

Employee Benefits
Health Care
Insurance
$60M15 Jun 2022 Austin, Texas, United States

Luminous Computing

Artificial Intelligence
Computer
Hardware
Software
$105M03 Mar 2022 Palo Alto, California, United States

Cover Technologies

Building Material
Construction
Manufacturing
Product Design
Property Management
Real Estate
Software
$60M28 Oct 2021 California, United States

Sana Benefits

Employee Benefits
Health Care
Insurance
$20M25 Oct 2021 Austin, Texas, United States

Othram

Biotechnology
$18M16 Sep 2021 The Woodlands, Texas, United States

Neuralink

Health Care
Medical Device
Neuroscience
Robotics
Software
$205M29 Jul 2021 Fremont, California, United States

Veryable

Manufacturing
Marketplace
Mobile Apps
Warehousing
$31M22 Jul 2021 Dallas, Texas, United States

Sunroom Rentals

Consumer Software
Internet
Real Estate
$11M23 Feb 2021 Austin, Texas, United States

Golden

Artificial Intelligence
Education
Financial Services
Health Care
Knowledge Management
Machine Learning
Medical
Software
$14M30 Sep 2020 San Francisco, California, United States
News
Sana Secures $20M in Series A Extension Funding to Break up the ‘Big 5’ Health Insurance Monopoly

– Sana, a provider of health insurance for small and midsize businesses, announced the closing of $20m in series A extension funding.
– Sana offered this extension to strengthen ties with existing lead investor Gigafund and to bring in several new strategic partners, including American Family Ventures, Breyer Capital, JAM Fund, and Harmon Brothers Ad Ventures.
– Existing investors, including Trust Ventures and mark vc, also joined the round.
– Investments from top investors in insurtech, insurance, regulated industries, and some of the most successful early-stage investors in the country speak to Sana’s trajectory towards becoming an industry leader and challenging the Big 5 health insurance companies.
– Sana will implement the strategies of those most intimately familiar with the nuances of the health insurance and healthcare spaces and those who have been successful at vetting business models of early-stage firms.
– Sana is available in Arizona, Oklahoma, Texas, Illinois, and Kentucky and has grown its customer base by 140% in just the past year.

Othram Closes $18M Series B Funding

– Othram is a laboratory purpose-built to combine genome sequencing with advanced human identification applications, raised an $18m Series B funding round.
– The round was led by Gigafund.
– The company intends to use the funds to further develop the breakthrough technology that is helping investigators crack these unsolved cases.

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Total investments 20
Average round size 109M
Rounds per year 3.33
Peak activity year 2019
Lead investments 5
Follow on index 0.35
Group Appearance index 0.90

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Sana Benefits

Employee Benefits
Health Care
Insurance
$60M15 Jun 2022 Austin, Texas, United States

Luminous Computing

Artificial Intelligence
Computer
Hardware
Software
$105M03 Mar 2022 Palo Alto, California, United States

Cover Technologies

Building Material
Construction
Manufacturing
Product Design
Property Management
Real Estate
Software
$60M28 Oct 2021 California, United States

Sana Benefits

Employee Benefits
Health Care
Insurance
$20M25 Oct 2021 Austin, Texas, United States

Othram

Biotechnology
$18M16 Sep 2021 The Woodlands, Texas, United States

Neuralink

Health Care
Medical Device
Neuroscience
Robotics
Software
$205M29 Jul 2021 Fremont, California, United States

Veryable

Manufacturing
Marketplace
Mobile Apps
Warehousing
$31M22 Jul 2021 Dallas, Texas, United States

Sunroom Rentals

Consumer Software
Internet
Real Estate
$11M23 Feb 2021 Austin, Texas, United States

Golden

Artificial Intelligence
Education
Financial Services
Health Care
Knowledge Management
Machine Learning
Medical
Software
$14M30 Sep 2020 San Francisco, California, United States
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