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Correlation Ventures

Correlation Ventures

Correlation Ventures is a venture capital firm based in the United States.

Company Overview

Correlation Ventures is a venture capital firm that focuses on using analytics to offer entrepreneurs and other venture capitalists information while they are completing a financing round.



Correlation Ventures is a venture capital firm which makes investments in all stages: seed to late-stages, in all industry sectors. Most investments are in the $0.25 to $4 MM range.



The fund raised more than $165M in 2012 for its data based investment approach.

History

Founded in 2006 by David Coats and Trevor Kienzle, Correlation Ventures is a venture capital firm based in San Diego, California with an additional office in Palo Alto, California and New York City.



Correlation Ventures has been covered in the venture capital blog of the Wall Street Journal, MIT's Technology Review publication, VentureBeat, Forbes, and other publications.

Investments

Correlation Ventures has made 221 investments. One of their investments was on Apr 10, 2019, when they invested $20M in Scout Bio. Correlation Ventures has raised a total of $365M across two funds, one of them being their second fund. This fund was announced on Jan 11, 2017, and raised a total of $200M.



Correlation Ventures has invested in companies including Casper Sleep, Sun Basket, Crossbar (computer hardware manufacturer), Personal Capital, Virsto (acquired by VMware), Optimizely, Lever (company), Lytro, and AlienVault.



The firm invests across all industry segments including information technology, financial technology, life sciences, healthcare, consumer-business, financial services, and clean technology. It considers investments in companies headquartered in the United States. It seeks to invest between $0.25 million and $4 million in its portfolio companies. There should be at least one additional venture capital firm in the round when the firm is making its first investment in the company. It does not seek any board representation.

Timeline

April 10, 2019

Scout Bio



 $20M.

January 11, 2017

Correlation Ventures II



 $200M.

Funded Companies

Company
Description
Website
Industry
Location

IonQ is a quantum computing company developing ion trap technology.

A company designing and manufacturing satellites, satellite parts, and materials for satellites.

LabDoor a company providing an online marketplace for supplement products. It tests and ranks supplement and gives consumers scientific product reviews.

Prose is a company founded by Arnaud Plas, Nicolas Mussat and Paul Michaux.

Swell Radio is a Mountain View, Contra Costa County, California-based company.

Gabi is a San Francisco-based insurance company.

A company offering customized sofas and chairs

Lemonaid Health, based in San Francisco, is leading a second wave of telehealth where technology algorithms power quality care.

Atavium is a Minneapolis-based company founded by Marc Olin.

Manticore Games is the developer and operator of CORE, a digital playground and community designed to unleash imagination and explore new play experiences.

Nexla is an artificial intelligence company founded by Saket Saurabh.

FINERY is a fashion company founded by Gillis Baxter.

A company with a platform where users can buy, sell, and exchange tickets for live events. It was founded in 2013 and has headquarters in San Francisco, California. 

Visual.ly is a San Francisco-based company.

Furnishare is a New York-based company founded by Alpay Koralturk.

Bid Ops is a San Francisco-based e-commerce company.

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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
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People

Name
Role
LinkedIn

Alan Chesler

Investor



Alexa Fischer

Employee



Bill Tobin

Investor



Daniel Goldman

Investor



David Coats

Employee



Jake Rosenfeld

Employee



Jessica Robertson

Employee



Max Murphy

Employee



Miles T. Bird

Employee



Nihar Neelakanti

Employee



Sean Black

Advisor



Shayna Modarresi

Advisor



Trevor Kienzle

Founder



Further reading

Title
Author
Link
Type
Date

An Algorithm to Pick Startup Winners

Jessica Leber

News



Venture capital picks up the Moneyball strategy

Christina Farr

News



Documentaries, videos and podcasts

Title
Date
Link
+ Add new row

Companies

Company
CEO
Location
Products/Services
+ Add new row

References