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Venture Capital
kpgventures.com

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Investments

36

Portfolio Exits

10

Funds

2

About KPG Ventures

KPG's sole focus is providing seed-stage funding for tech-centric, capital-efficient companies, with a particular emphasis on those businesses that can fill voids in the consumer Internet marketplace.

KPG Ventures Headquarter Location

Pier 33 South Embarcadero - Suite 201

San Francisco, California, 94111,

United States

415.781.6800

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Latest KPG Ventures News

Ingk Labs buys payment platform ORCA to create PayPal rival

Feb 22, 2012

0 Comments Ingk Labs, an IP accelerator in New York City, has purchased payment platform ORCA Inc. and will use it to power a new PayPal (s ebay) competitor called Payz. ORCA, formerly known as OneTXT, was backed by Metamorphic Ventures, KPG Ventures and individual investors Geoff Judge, Roger Ehrenberg, and John Frankel. Terms of the deal were not disclosed. Advertisement ORCA, also based in New York, was a social media payment platform that helped facilitate transactions on social networks and online games. Ingk Labs will now take possession of ORCA’s IP and other assets and will use them as the basis for Payz, a comprehensive payment, loyalty and analytics platform that will include support for gift cards. Payz’ promise is to make taking payments dead simple while providing deep customer analytics and services like gift cards and rewards to improve customer relationships and decrease abandoned shopping carts. Advertisement Payz offers a lightweight API that lets merchants without a merchant account or payment gateway create a single unified commerce system. More established retailers can wrap Payz’s service around their existing payment system including PayPal. Merchants can build their own payment experience, brand it themselves, keep transactions onsite and encourage more loyalty through gift cards. The goal is to help merchants better convert sales by taking a very consumer-centric approach to payments. Advertisement “We feel the industry is in need of a makeover,” said Craig Alberino, CEO and founding partner at Ingk Labs. “E-commerce has de-coupled payments from customer service and commoditized payments. But our customers tell us $87 billion is left in e-commerce because of abandoned shopping carts. We’re trying to help our customers find new revenue.” Advertisement Alberino said ORCA was close to being bought by GSI, which ultimately decided not to go forward after GSI itself was purchased by eBay. ORCA’s core services have been rewritten and Ingk Labs is looking to sign-up old ORCA customers, who were dropped in anticipation of being onboarded by GSI, said Alberino. Advertisement The acquisition of ORCA highlights a more aggressive stance by Ingk Labs, which has been around since 1996. After the company sold InstantService, an Internet communication platform for live-agent customer service, to Oracle (s orcl) in 2010, it’s been ramping up plans to rescue and accelerate IP and turn it into new companies. In December, Ingk Labs bought the technology behind SwapThing and will use it as the foundation of a new service called Barterpop, that allows people to exchange goods and services in multi-party trades. Advertisement Ingk Labs will launch a dozen companies this year and has plans to roll out 24 next year, Alberino said. It’s raising a $50 million fund to fuel its ambitions. Advertisement Payz will have a lot of competition in the payment space, from established competitors such as PayPal to hot new start-up Stripe. But Alberino believes his experience with customer service in building InstantService will help create the kind of payment platform that merchants need. The company believes it can get up to $400 million in transactions processed after its first year. There’s a lot of work to be done but Ingk Labs hopes it can prove to a winner not just with Payz but its overall IP acceleration model. Advertisement

KPG Ventures Investments

36 Investments

KPG Ventures has made 36 investments. Their latest investment was in MindMeld as part of their Series A on December 12, 2014.

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KPG Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

12/18/2014

Series A

MindMeld

$13M

No

4

10/4/2012

Seed VC

MindMeld

$2.4M

Yes

10/26/2011

Series B

Sociable Labs

$7M

Yes

2

12/22/2010

Series C

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$99M

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0

9/21/2010

Series C

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$99M

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0

Date

12/18/2014

10/4/2012

10/26/2011

12/22/2010

9/21/2010

Round

Series A

Seed VC

Series B

Series C

Series C

Company

MindMeld

MindMeld

Sociable Labs

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Amount

$13M

$2.4M

$7M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Sources

4

2

0

0

KPG Ventures Portfolio Exits

10 Portfolio Exits

KPG Ventures has 10 portfolio exits. Their latest portfolio exit was MindMeld on May 11, 2017.

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

5/11/2017

Acquired

$99M

5

11/12/2014

Acquired

$99M

2

4/24/2012

Acquired

$99M

2/22/2012

Acquired

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$99M

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0

12/3/2010

Acquired

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$99M

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0

Date

5/11/2017

11/12/2014

4/24/2012

2/22/2012

12/3/2010

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

5

2

0

0

KPG Ventures Fund History

2 Fund Histories

KPG Ventures has 2 funds, including KPG II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/31/2008

KPG II

Early-Stage Venture Capital

Closed

1

9/15/2006

KPG I

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10

Closing Date

10/31/2008

9/15/2006

Fund

KPG II

KPG I

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

Sources

1

10

KPG Ventures Team

2 Team Members

KPG Ventures has 2 team members, including current Founder, Managing Director, Vince Vannelli.

Name

Work History

Title

Status

Vince Vannelli

Founder, Managing Director

Current

Dave Hills

General Partner

Former

Name

Vince Vannelli

Dave Hills

Work History

Title

Founder, Managing Director

General Partner

Status

Current

Former

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