Search company, investor...

Predict your next investment

Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
idealab.com

Investments

82

Portfolio Exits

26

Funds

3

About Idealab

Idealab creates and operates pioneering technology companies. Its pioneering companies include CitySearch, now a part of IAC, which established the category of local online community directories. eToys demonstrated the potential for online consumer retail and became one of the most recognized brands during the early days of e-commerce. Overture Services, which began life as GoTo.com, was the first company to introduce the concept of paid search - the business model that powers the multibillion-dollar online search market. Idealab continues to explore a range of technology frontiers. New models for improving the search experience are at the core of several companies currently growing inside of Idealab. Moving beyond the Internet, Idealab has spawned companies with breakthrough technologies in robotics, renewable energy and automotive design and production among others. Idealab also continues to partner with leading venture capital firms and other strategic investors to provide the resources to maximize the potential of these companies. In addition to capital, Idealab provides a full range of resources to infuse start-ups with the support they need to rapidly introduce innovative products and services. Resources include office space and the accompanying office services, development and technology, product and graphic design, marketing, financial advice, human resources, competitive research, legal, accounting and business development support and services. In addition, Idealab provides advice on strategy, branding and corporate structure.

Headquarters Location

130 West Union Street

Pasadena, California, 91103,

United States

626-585-6900

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

Latest Idealab News

Is IdeaLab’s Bill Gross Building a Food Prep and Delivery Robot?

Aug 30, 2023

Every now and then, an interesting patent appears in patent searches that make you wonder exactly what someone’s up to. Now, don’t get me wrong. Patents are issued all the time, and most of the time, a real product or business isn’t created. But when it comes to someone like IdeaLab ‘s Bill Gross – an inventor known for creating dozens of products and companies – you have to wonder what he’s got up his sleeve. First, let’s look at the patent. Granted B1 status yesterday, the patent, US 11738466 B1, is titled “Robot For Preparing And Delivering Food Items” The patent description goes on to describe just that: The automated food preparation and delivery robot comprises a communications system configured to receive a food order and address from a customer, a navigation system configured to automatically drive the vehicle to the address, and an automated food preparation system configured to prepare food in accordance with the food order while en route to the customer address. The automated food preparation system is configured to determine a drive time to travel to the customer address, and determine a preparation time to prepare the food in accordance with the food order. If the drive time is greater than the preparation time, the robot waits and then begins preparing the food after a delay substantially equal to the drive time minus the preparation time. In this manner, preparation of the food coincides with arrival at the customer address. We’ve seen lots of crazy ideas that tie together mobility and cooking, but this is the first one that I’ve seen that is a fully autonomous robotic vehicle and food prep all in one: The invention in the preferred embodiment is an automated food preparation and delivery robot configured to prepare food orders while en route to a customer address, without the aid of a person on the vehicle. The automated food preparation and delivery robot comprises: a vehicle, a communications system configured to receive a food order and address from a customer, a navigation system configured to automatically drive the vehicle to the address; and an automated food preparation system configured to prepare the food in accordance with the food order while en route to the customer address and dispense the food upon arrival. Here’s a figure from the patent that outlines the sequence of processing a food order: On the other hand, this is Bill Gross, a well-known inventor and successful entrepreneur. And since Gross, who runs one of the longest-running Silicon Valley technology incubators around, is listed as the sole inventor on the patent, my guess is this is an idea he’s at least somewhat invested in. Still, it’s yet to be seen whether or not he’s planning on productizing the concept. Like I said, most patented remain just that, ideas. But given Gross’s history of both founding successful companies and a deep interest in robotics – he was a co-founder of Evolution Robotics, a maker of cleaning robots acquired in 2012 by iRobot – it’s worth keeping an eye on. I’ve reached out to Gross for comment, and I’ll let you know what I hear. Get The Spoon in Your Inbox Leave this field empty if you're human: Related

Idealab Investments

82 Investments

Idealab has made 82 investments. Their latest investment was in Tuned as part of their Seed VC - II on February 2, 2023.

CBI Logo

Idealab Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/8/2023

Seed VC - II

Tuned

$3.5M

No

3

9/19/2022

Seed VC

Tuned

$2.5M

Yes

2

10/19/2021

Series A

Carbon Capture

$35M

Yes

22

3/10/2021

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

10/15/2019

Seed

Subscribe to see more

Subscribe to see more

10

Date

2/8/2023

9/19/2022

10/19/2021

3/10/2021

10/15/2019

Round

Seed VC - II

Seed VC

Series A

Seed VC

Seed

Company

Tuned

Tuned

Carbon Capture

Subscribe to see more

Subscribe to see more

Amount

$3.5M

$2.5M

$35M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

2

22

10

10

Idealab Portfolio Exits

26 Portfolio Exits

Idealab has 26 portfolio exits. Their latest portfolio exit was Gem on March 09, 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

3/9/2022

Acquired

$99M

1

2/14/2022

Reverse Merger

$99M

5

12/31/2021

Reverse Merger

$99M

9

5/25/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

4/6/2020

Merger

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/9/2022

2/14/2022

12/31/2021

5/25/2021

4/6/2020

Exit

Acquired

Reverse Merger

Reverse Merger

Acquired

Merger

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

5

9

10

10

Idealab Fund History

3 Fund Histories

Idealab has 3 funds, including Idealabx1 LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/31/2020

Idealabx1 LP

Early-Stage Venture Capital

Open

$24M

1

DIGITAL DISRUPTION FUND

10

Idealab Angels1

Subscribe to see more

Subscribe to see more

10

Closing Date

1/31/2020

Fund

Idealabx1 LP

DIGITAL DISRUPTION FUND

Idealab Angels1

Fund Type

Early-Stage Venture Capital

Subscribe to see more

Status

Open

Subscribe to see more

Amount

$24M

Sources

1

10

10

Idealab Team

26 Team Members

Idealab has 26 team members, including current Founder, Chief Executive Officer, Marcia Goodstein.

Name

Work History

Title

Status

Marcia Goodstein

Founder, Chief Executive Officer

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Marcia Goodstein

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Founder, Chief Executive Officer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Compare Idealab to Competitors

Vation Ventures Logo
Vation Ventures

Vation Ventures operates a research platform that allows customers to understand landscapes, investment trends, offerings, and company information. Its platform provides early-stage companies with the support needed to quickly accelerate their growth. The firm was founded in 2021 and is based in Denver, Colorado.

Pioneer Square Labs Logo
Pioneer Square Labs

Pioneer Square Labs is a venture studio that creates its startups. It engages its venture capital and angel investor base to provide initial funding for these spin-outs. The company was founded in 2015 and is based in Seattle, Washington.

Landmark Ventures Logo
Landmark Ventures

Landmark Ventures is a strategic and financial advisory firm. It offers a combination of venture development and global investment banking services, with a focus on serving growth-oriented technology companies and their venture capital and private equity sponsors. It specializes in deep market insights and extensive personal relationships. It offers its services across the enterprise software, cybersecurity, internet of things (IoT), industrial technology, artificial intelligence, sports, marketing technology, and digital media sectors. The firm was founded in 1995 and is based in New York City, New York.

Initiative France Logo
Initiative France

Initiative France is a first associative network of financing and accompaniment of the creators and buyers of companies. It supports women's entrepreneurship, promotes youth employment through entrepreneurship, supports job seekers, develops business creation in the river sector, and more. It was founded in 1985 and is based in Paris, France.

L
La Technopole Grand Poitiers

La Technopole Grand Poitiers offers a set of services focused on the needs of entrepreneurs and managers. It accompanies companies on a daily basis, which animates its creation of events and weaves a network at the service of the development of the territory and its companies. The company was founded in 2016 and is based in Poitiers, France.

C
Catalyst

Catalyst is a search and social digital marketing agency, specialized in developing digital solutions. It is based in Boston, Massachusetts.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.