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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.

Associated investment funds

4 Results
Investment Fund
Investment Fund
Total offering (USD)
Total offering (USD)
Location
Location
Date signed
Date signed
150,000,000
July 26, 2010

Funded Companies

23 Results
Company
Company
Description
Description
Website
Website
Industry
Industry
Location
Location

Entelo is a San Francisco-based company founded by Jon Bischke.

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

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.

Gabi is an insurance company.

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

Atavium is a company founded by Marc Olin.

Nexla is a company founded by Saket Saurabh.

FINERY is a fashion company founded by Gillis Baxter.

Lyte is a predictive analytics company founded by Ant Taylor, Karina Brioukhova and Alexander Ryzhko.

Furnishare is a company founded by Alpay Koralturk.

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

swivel is a company founded by Stewart Huang.

InterVene is a South San Francisco, California-based company.

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





Companies

Company
CEO
Location
Products/Services









References