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Corporate Venture

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Investments

28

Portfolio Exits

11

About Best Buy Capital

Best Buy Capital was launched by Best Buy Co. to serve as a corporate venture-capital arm to get in on the ground floor of emerging technologies. Best Buy Capital focuses on two initiatives: the Core Fund and the Alpha Fund. Core emphasizes investment opportunities for existing business units, similar to the company's past investment in firms such as Web-video provider Mydeo. Alpha makes direct investments in early-stage companies that are developing emerging technologies or inventions considered disruptive to the marketplace.

Best Buy Capital Headquarter Location

7601 Penn Avenue S

Richfield, Minnesota, 55423,

United States

888-237-8289

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Best Buy Capital

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Best Buy Capital in 2 Expert Collections, including Fitness Tech.

F

Fitness Tech

227 items

We define fitness tech as companies leveraging software and technology to augment approaches to developing or maintaining physical fitness. Companies in this category develop tools and services including workout apps, wearables, and connected fitness equipment.

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest Best Buy Capital News

Best Buy Capital Creator Kuk Yi Is Doing Tech Deals Again

Jul 12, 2018

Via News Release “ Thirty-Five Twelve , LLC and Natick Media, LLC on Friday announced they have completed a definitive agreement under which Thirty-Five Twelve has acquired all of the assets related to Natick Media’s health insurance division, insurance marketplace, for an undisclosed sum. Thirty-Five Twelve will continue to operate and grow the business as a stand-alone business unit. Timothy Blacquier, CEO of Natick Media, will stay on as an advisor for 90 days.” Thirty-Five Twelve is a holding company focusing on online business models in lead generation and advertising services. Thirty-Five Twelve operates businesses in the education, financial services, and healthcare industries. Natick Media is an experienced lead generation agency that concentrates on high value verticals. Thirty-Five Twelve Managing Member, Kuk Yi, commented on the transaction saying, “The addition of Natick Media’s health insurance portfolio helps us jump start our foray into the health insurance niche. What Tim and his team have built will save us at least 5 years of startup and development time. We will build on this solid foundation to make it much easier for consumers to learn about and choose the healthcare insurance coverage that they need.” “When the Affordable Care Act was passed and there were talks of creating insurance marketplaces, we jumped at the chance to create a destination to help consumers find health plans. Since launching in 2013, we helped over a quarter of a million people connect with insurance carriers” said Timothy Blacquier, Natick Media’s CEO. “We are incredibly proud of what we built and how it has helped so many people”. Natick Media was advised on the sale by Sean C. Flaherty of Keches Law Group. About Natick Media, LLC Headquartered in Natick, Massachusetts, Natick Media is a lead generation agency that builds highly-focused websites with optimized conversion funnels. Their experience in web development, A/B testing, analytics and digital acquisition allows them to launch, test and scale lead generation businesses quickly. About Thirty-Five Twelve Headquartered in Minneapolis, Minnesota, Thirty-Five Twelve, LLC an online holding company founded by Kuk Yi with a focus on high-growth niches in the digital, technology and lead generation space. Mr. Yi was previously a founding member of Best Buy’s corporate development team, where he was responsible for supporting strategic transactions, including acquisitions and investments. Prior to Thirty-Five Twelve and Best Buy, Mr. Yi was a Senior Investment Manager at Samsung, based in Korea, and a Senior Associate at ABN AMRO Capital.

Best Buy Capital Investments

28 Investments

Best Buy Capital has made 28 investments. Their latest investment was in AddStructure as part of their Seed VC on February 2, 2017.

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Best Buy Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/27/2017

Seed VC

AddStructure

$1.4M

Yes

2

12/10/2015

Series D

ItsOn

$12.5M

No

2

6/16/2014

Series C

Valencell

$7M

No

3

1/24/2013

Series A - II

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10

5/1/2012

Incubator/Accelerator

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10

Date

2/27/2017

12/10/2015

6/16/2014

1/24/2013

5/1/2012

Round

Seed VC

Series D

Series C

Series A - II

Incubator/Accelerator

Company

AddStructure

ItsOn

Valencell

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Amount

$1.4M

$12.5M

$7M

New?

Yes

No

No

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Co-Investors

Sources

2

2

3

10

10

Best Buy Capital Portfolio Exits

11 Portfolio Exits

Best Buy Capital has 11 portfolio exits. Their latest portfolio exit was Avnera on August 06, 2018.

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

8/6/2018

Acquired

$99M

2

2/23/2018

Acquired

$99M

3

3/26/2015

Reverse Merger

$99M

2

3/4/2015

Acquired

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$99M

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10

1/16/2015

Acquired

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$99M

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10

Date

8/6/2018

2/23/2018

3/26/2015

3/4/2015

1/16/2015

Exit

Acquired

Acquired

Reverse Merger

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

3

2

10

10

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