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Lavrock Ventures company logo
Venture Capital
lavrockvc.com

Investments

32

Portfolio Exits

4

Funds

2

About Lavrock Ventures

Lavrock Ventures focuses on Post-Seed and Series A investments in B2B software, cyber, govtech, and other early stage technology companies.

Headquarters Location

1765 Greensboro Station Place Suite 900

McLean, Virginia, 22102,

United States

703-338-6414

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Latest Lavrock Ventures News

Trustible: Responsible AI Governance Company Raises $1.6 Million

Apr 27, 2023

Trustible – a software company that helps organizations accelerate Responsible AI governance to maximize trust and manage risk – announced it recently came out of stealth and they have raised $1.6 million in funding led by Harlem Capital with participation from VamosVentures as well as angel investors including Julius Genachowski (Managing Director at Carlyle and former Chair of the Federal Communications Commission), Tim Hwang and Gerald Yao (FiscalNote Co-Founders), Jim Hunt (Managing Partner at Lavrock Ventures /former Ernst & Young Technologies CEO / Capgemini Technologies President), Joe Zhao (Millennia Capital and former Federal Reserve), and Neal Parikh (Columbia University / former Director of AI for the City of New York), and other strategic angel investors. As AI technology accelerates and continues permeating industries worldwide, concerns over ethical and responsible deployment are becoming paramount. With a mission of maximizing trust, managing regulatory and reputational risks, and offering transparency in AI applications, Trustible is empowering organizations to confidently adopt AI technologies in a rapidly evolving regulatory environment. The company was founded by Gerald Kierce and Andrew Gamino-Cheong, former early employees and executives at FiscalNote (a leading AI-driven enterprise SaaS technology provider of global policy and market intelligence). They spent nearly a decade applying AI to the policy landscape and are now applying global policy to the AI space. Plus FiscalNote was recently selected as one of OpenAI’s first plugin partners for ChatGPT. The recent funding round is enabling Trustible to scale its team, accelerate growth, and further develop its product, designed to help customers seamlessly adopt Responsible AI industry standards like NIST’s AI Risk Management Framework and comply with emerging regulations, including the European Union’s AI Act. The company is also collaborating with a select group of pilot customers spanning the technology, financial services, and healthcare sectors. KEY QUOTES: “The Trustible team has strong experience scaling technology companies at the intersection of AI and policy. We’re thrilled to support Trustible as they become leaders in the Responsible AI Governance space to help organizations comply with a complex and evolving global regulatory landscape.” Henri Pierre-Jacques, Managing Partner at Harlem Capital “Societal trust in AI is critical in ensuring the technology is benefiting humanity, particularly with the advent of Generative AI. We’re thrilled to launch Trustible to enable legal and AI/ML teams to foster transparency, accountability, and trust in their AI systems.” Gerald Kierce, Co-Founder & CEO of Trustible “We are delighted to welcome Trustible as a Member of the Responsible AI Institute. Trustible will become a key technology provider for organizations looking to map, govern, manage, and measure their AI governance priorities.” Ashley Casanova, Executive Director of the RAI Institute “As ethical and regulatory challenges arise with the use of AI, Trustible will play a crucial role in establishing trust and managing the risks associated with AI innovations.” Ivan Caballero, CEO of Citibeats Trending on Pulse 2.0

Lavrock Ventures Investments

32 Investments

Lavrock Ventures has made 32 investments. Their latest investment was in Pallas Industries as part of their Seed VC on April 4, 2023.

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Lavrock Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/21/2023

Seed VC

Pallas Industries

$5.41M

Yes

1

2/28/2023

Seed VC - II

PteroDynamics

$7.5M

Yes

6

2/23/2023

Series A

FOUNT Global

$8.02M

Yes

5

2/15/2023

Series C

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$99M

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10

12/6/2022

Series B

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$99M

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10

Date

4/21/2023

2/28/2023

2/23/2023

2/15/2023

12/6/2022

Round

Seed VC

Seed VC - II

Series A

Series C

Series B

Company

Pallas Industries

PteroDynamics

FOUNT Global

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Amount

$5.41M

$7.5M

$8.02M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

6

5

10

10

Lavrock Ventures Portfolio Exits

4 Portfolio Exits

Lavrock Ventures has 4 portfolio exits. Their latest portfolio exit was Vintra on April 26, 2023.

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

4/26/2023

Acquired

$99M

6

11/12/2021

Acquired

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$99M

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10

6/2/2021

Acquired

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$99M

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10

4/30/2018

Acquired

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$99M

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10

Date

4/26/2023

11/12/2021

6/2/2021

4/30/2018

Exit

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

6

10

10

10

Lavrock Ventures Fund History

2 Fund Histories

Lavrock Ventures has 2 funds, including Lavrock Ventures II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/23/2020

Lavrock Ventures II

2

3/2/2018

Lavrock Venture Fund

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$99M

10

Closing Date

10/23/2020

3/2/2018

Fund

Lavrock Ventures II

Lavrock Venture Fund

Fund Type

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Status

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Amount

$99M

Sources

2

10

Lavrock Ventures Team

4 Team Members

Lavrock Ventures has 4 team members, including current Managing Partner, Jim Hunt.

Name

Work History

Title

Status

Jim Hunt

Managing Partner

Current

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Name

Jim Hunt

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Work History

Title

Managing Partner

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Status

Current

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