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Venture Capital
42ventures.com

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Investments

6

Portfolio Exits

1

About 42 Ventures

42 Ventures is an early stage investor in cloud-based software businesses that have strong growth potential, high levels of recurring revenue, and a specific industry focus or domain expertise.

42 Ventures Headquarter Location

68 South Main St 9th Floor

Salt Lake City, Utah, 84101,

United States

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Latest 42 Ventures News

Minnesota Tech Funding Report Q3 2017: 42 Ventures Raised ~ $59 Million

Oct 31, 2017

At least 42 different Minnesota tech ventures received a combined ~$59m of investment capital during the third quarter of 2017 according to information collected and analyzed from July 1 – Sept. 30, 2017. This research underwritten by Dundee Venture Capital provides our readers with unparalleled transparency into the funding facts that surround Minnesota’s tech industry. It’s compiled from multiple sources as proxy of local market activity: crowdfunding, incubators/accelerators, angel investments, venture capital, corporate arm and private equity. Consider it a worse case scenario as there are always undisclosed transactions not included; therefore the actual figures are higher, although unknown.

42 Ventures Investments

6 Investments

42 Ventures has made 6 investments. Their latest investment was in Dropshop Network as part of their Seed VC on June 6, 2021.

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42 Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/14/2021

Seed VC

Dropshop Network

$1.27M

Yes

1

11/10/2016

Private Equity

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$99M

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10

11/4/2011

Series A

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$99M

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10

8/1/2008

Series A

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$99M

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10

Other Investors

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$99M

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10

Date

6/14/2021

11/10/2016

11/4/2011

8/1/2008

Round

Seed VC

Private Equity

Series A

Series A

Other Investors

Company

Dropshop Network

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Amount

$1.27M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

42 Ventures Portfolio Exits

1 Portfolio Exit

42 Ventures has 1 portfolio exit. Their latest portfolio exit was Inside Real Estate on August 20, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/20/2019

Acq - Fin

1

Date

8/20/2019

Exit

Acq - Fin

Companies

Valuation

Acquirer

Sources

1

42 Ventures Team

1 Team Member

42 Ventures has 1 team member, including current Managing Partner, Ned Stringham.

Name

Work History

Title

Status

Ned Stringham

Managing Partner

Current

Name

Ned Stringham

Work History

Title

Managing Partner

Status

Current

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