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Venture Capital
correlationvc.com

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Investments

289

Portfolio Exits

57

Funds

6

About Correlation Ventures

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, and in the USA. The company is headquartered San Diego, California.

Correlation Ventures Headquarter Location

9255 Towne Centre Drive Suite 350

San Diego, California, 92121,

United States

858-412-8500

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Expert Collections containing Correlation Ventures

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

Find Correlation Ventures in 6 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

19 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, and more.

B

Banking

44 items

Based on CB Insights Research Brief: https://www.cbinsights.com/blog/industry-market-map-landscape/#retail banking

V

Vitamin & Supplement Startups

237 items

S

Synthetic Biology

382 items

E

Education Technology (Edtech)

56 items

D

Digital Lending

34 items

This collection contains alternative means for obtaining a loan for personal or business use. Companies included in the application, underwriting, funding, or collection process is included in the collection.

Latest Correlation Ventures News

Correlation Ventures Announces 300th Investment And Three Key Hires

Apr 1, 2021

Correlation Ventures Announces 300th Investment And Three Key Hires SAN DIEGO and SAN FRANCISCO, March 31, 2021 /PRNewswire/ -- Correlation Ventures, the U. Author: Mar 31, 2021 6:30 PM EDT SAN DIEGO and SAN FRANCISCO, March 31, 2021 /PRNewswire/ -- Correlation Ventures, the U.S. venture industry's predictive analytics pioneer and leading co-investor, announced its 300th investment along with three new hires in Wesley Barrow, Jared Luttrell and Amit Chu. Correlation Ventures Announces 300th Investment and Three Key Hires in Wesley Barrow, Jared Luttrell and Amit Chu The 300 th investment milestone is notable because Correlation is still establishing the portfolio from its second fund, reflecting its unique business model of using predictive analytics to create large and diversified portfolios of co-investments. The firm's recent investment pace of more than two new investments per month places it among the most active firms in the industry. Correlation has been an early investor in many companies that have become leaders in their fields. Examples include Astra Space, BlueVine, Casper (CSPR), Imperfect Foods, IonQ, and Manticore Games. Three recent portfolio exits include SynthorX (M&A, acquired by Sanofi for $2.5B), Personal Capital (M&A, acquired by Empower for $875M plus an earnout) and UpStart (UPST), which went public on the NASDAQ and has a market capitalization of over $9B. The new hires add key capabilities to help Correlation continue investing well at this pace, with a focus on how Correlation uniquely adds value to its portfolio companies as a co-investor. Wesley Barrow joined the firm as Venture Partner to lead its New York office after 12 years as a successful entrepreneur and operator, most recently serving as the SVP of New Business at Yext (YEXT), which IPOed in 2017 on the NYSE. Wesley is a go-to-market expert, already providing many of Correlation's companies with advice in this critical area. Amit Chu joined the firm as an Associate after being on the investment team at Plug and Play Ventures and managing the firm's fintech accelerator program. Wesley and Amit work alongside managing directors David Coats and Trevor Kienzle to source and work with Correlation's portfolio companies. Jared Luttrell joined the firm as Controller after nearly six years as a senior manager at KPMG, where he supported many of the firm's financial services clients. He works closely with the firm's CFO, Grace Chui-Miller. Correlation recently unveiled a newly redesigned website ( www.correlationvc.com ) to highlight not only the large and diverse portfolio, but also the value-add the firm is able to offer its portfolio companies. David Coats, Managing Director at Correlation Ventures, said: "With their expertise in go-to-market strategies, business acceleration, finance, and software, Wesley, Amit, and Jared are valuable additions to our team, helping Correlation to continue to deliver on our promise of being the ideal venture firm to join a syndicate and assist the entrepreneur along their journey." Trevor Kienzle, Managing Director at Correlation Ventures, added: "We are pleased to have partnered with our 300 th portfolio company. Since we launched the firm back in 2010, it's been humbling to see the enthusiastic response we've received to our unique value proposition from so many successful entrepreneurs and accomplished lead VCs. We look forward to partnering with many more promising companies in the years to come." About Correlation Ventures: Correlation Ventures, a U.S. venture fund with more than $365 million under management, leverages world-class analytics to offer entrepreneurs and other venture capitalists a dramatically better option when they are seeking additional capital to complete a financing round. For example, the firm makes investment decisions in under two weeks without repeating classic due diligence and adds unique value in areas that are complementary to the lead investor. Correlation Ventures invests across all industry segments, U.S. geographies and investment stages—from seed through late stage. Correlation Ventures has offices in San Francisco, San Diego and New York City. For more information, visit http://www.correlationvc.com  and @correlationvc. View original content: http://www.prnewswire.com/news-releases/correlation-ventures-announces-300th-investment-and-three-key-hires-301260122.html

Correlation Ventures Investments

289 Investments

Correlation Ventures has made 289 investments. Their latest investment was in Pando as part of their Series A on May 5, 2022.

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Correlation Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/1/2022

Series A

Pando

$6.9M

Yes

2

3/10/2022

Seed VC

Mytaverse

$7.6M

Yes

4

2/7/2022

Series A

Curve Health

$12M

Yes

11

2/1/2022

Seed VC

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$99M

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10

2/1/2022

Seed VC

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$99M

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10

Date

5/1/2022

3/10/2022

2/7/2022

2/1/2022

2/1/2022

Round

Series A

Seed VC

Series A

Seed VC

Seed VC

Company

Pando

Mytaverse

Curve Health

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Amount

$6.9M

$7.6M

$12M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

4

11

10

10

Correlation Ventures Portfolio Exits

57 Portfolio Exits

Correlation Ventures has 57 portfolio exits. Their latest portfolio exit was Getaround on May 11, 2022.

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

5/11/2022

Acq - Pending

$99M

3

1/31/2022

Merger

$99M

3

1/5/2022

Acq - Fin

3

11/19/2021

Acquired

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$99M

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10

10/22/2021

Acquired

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$99M

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10

Date

5/11/2022

1/31/2022

1/5/2022

11/19/2021

10/22/2021

Exit

Acq - Pending

Merger

Acq - Fin

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

3

3

10

10

Correlation Ventures Fund History

6 Fund Histories

Correlation Ventures has 6 funds, including Correlation Ventures II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/11/2017

Correlation Ventures II

Multi-Stage Venture Capital

Closed

$200M

6

3/2/2016

Correlation Ventures Executives Fund II

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$99M

10

1/17/2012

Correlation Ventures Fund I LP

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$99M

10

1/1/2012

Correlation Ventures

$99M

0

8/29/2011

Correlation Ventures Executives Fund

$99M

10

Closing Date

1/11/2017

3/2/2016

1/17/2012

1/1/2012

8/29/2011

Fund

Correlation Ventures II

Correlation Ventures Executives Fund II

Correlation Ventures Fund I LP

Correlation Ventures

Correlation Ventures Executives Fund

Fund Type

Multi-Stage Venture Capital

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Status

Closed

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Amount

$200M

$99M

$99M

$99M

$99M

Sources

6

10

10

0

10

Correlation Ventures Team

4 Team Members

Correlation Ventures has 4 team members, including current Chief Financial Officer, Grace Chui-Miller.

Name

Work History

Title

Status

Grace Chui-Miller

DCM Ventures

Chief Financial Officer

Current

David Coats

Managing Director

Current

Trevor Kienzle

Managing Director

Current

Alexa Fischer Hampton

Harlingwood Equity Partners, and Luce Forward

Controller

Former

Name

Grace Chui-Miller

David Coats

Trevor Kienzle

Alexa Fischer Hampton

Work History

DCM Ventures

Harlingwood Equity Partners, and Luce Forward

Title

Chief Financial Officer

Managing Director

Managing Director

Controller

Status

Current

Current

Current

Former

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