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Venture Capital
FINANCE | Investment Firms & Funds
lucasvg.com

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Investments

22

Portfolio Exits

5

Funds

4

About Lucas Venture Group

Lucas Venture Group is a venture capital firm making investments of $250,000-$3,000,000 in companies. The industries that Lucas Venture Group focuses on include social media, consumer web, medical devices, software, analytics and communications infrastructure.

Lucas Venture Group Headquarter Location

545 Middlefield Road Ste 220

Menlo Park, California, 94025,

United States

650-543-3300

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Lucas Venture Group Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Lucas Venture Group Rank

Latest Lucas Venture Group News

We got an exclusive look at the pitch deck that memorialization startup Chptr used to raise millions from investors before it ev...

Jun 3, 2022

Rehan Choudhry is a cofounder of the death-tech startup Chptr. Chptr Chptr helps people share photos, video memories, and stories of a lost loved one on a mobile app. The startup hopes to target millennials and Gen Zers who are dealing with loss. It just raised a $2.1 million pre-seed round led by Lucas Venture Group and Sugar Capital. When a loved one dies, most people follow a general plan for informing others of the loss and honoring the death: They call friends and family members, host a funeral, commission an obituary for a local paper, and attempt to process the sadness and hard feelings. But after the coronavirus pandemic led thousands of people to confront these types of losses at once, Rehan Choudhry saw an opportunity for a way to remember those who died. Choudhry's wife, a news anchor for CBS, was working on making video memorials for each of the earliest victims of COVID-19 in New York City, and he was struck at how the families of the victims reacted to the videos. "The fact that somebody was able to produce a piece of content like that, that was shareable, allowed them to come together as a community and heal," Choudhry said. The project inspired Choudhry to start a mobile platform where anyone could make a digital memorial similar to those on the news. As he began to research the memorial space, he was struck by how outdated most memorial procedures were. "There was this notion that memorialization was limited to 65-year-olds memorializing 85-year-olds," Choudhry said, "but when you actually look at the data in the industry, people who are leading the efforts for memorialization are between the ages of 25 and 45 years old. "None of the tools that exist out there were designed for them. "  Chptr's mobile app lets one person invite a long list of contacts to collaborate on a profile together, and then each person who signs up can upload photos and video stories for the memorial profile. Each of the memories then becomes part of the larger collection that loved ones can go back and review over and over again. "All of a sudden, it's no longer about just plugging into the timeline of someone's existence but really seeing the depth of the impact that they have on the people around them," Choudhry said. The startup is part of a growing trend of "death-tech" companies hoping to shake up the death-care-services industry, which is estimated to reach $128.8 billion this year and steadily growing in the US and elsewhere, according to a report from the market-research firm Global Industry Analysts. Chptr has launched a pilot program for the first 24 Chptr profiles where early users can test out building a memorial profile. The team plans to launch the service for the public in the next 60 days. But even before Chptr formally hits the market, the pilot program has managed to catch the attention of venture-capital funds like Lucas Venture Group and Sugar Capital, which was founded by the PopSugar creator Brian Sugar. These investors are coleading Chptr's pre-seed round, along with funds from Gaingels, H/L Ventures, Animal Capital, OnDeck, Matthew Rutler and Christina Aguilera's MX Investments, and several angel investors. Choudhry hopes to use the funds to scale Chptr's hiring and product development before the team's launch this summer. Check out the redacted 18-slide pitch deck Chptr used to raise its $2.1 million pre-seed round from Lucas Venture Group, Sugar Capital, OnDeck, Gaingels, Animal Capital, and more: Chptr

Lucas Venture Group Investments

22 Investments

Lucas Venture Group has made 22 investments. Their latest investment was in Tailor-ED as part of their Seed VC - II on September 9, 2021.

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Lucas Venture Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/16/2021

Seed VC - II

Tailor-ED

Yes

1

4/26/2021

Series B

Mighty Networks

$50M

No

34

11/20/2019

Seed VC

Finicast

$1.77M

Yes

2

10/23/2019

Series B

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$99M

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10

4/1/2019

Series A - II

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$99M

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10

Date

9/16/2021

4/26/2021

11/20/2019

10/23/2019

4/1/2019

Round

Seed VC - II

Series B

Seed VC

Series B

Series A - II

Company

Tailor-ED

Mighty Networks

Finicast

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Amount

$50M

$1.77M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

34

2

10

10

Lucas Venture Group Portfolio Exits

5 Portfolio Exits

Lucas Venture Group has 5 portfolio exits. Their latest portfolio exit was Sunbasket on January 31, 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

1/31/2022

Merger

$99M

3

12/20/2021

Acquired

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$99M

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10

6/1/2015

Acquired

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$99M

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10

1/30/2015

IPO

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$99M

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10

1/10/2013

Acquired

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$99M

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10

Date

1/31/2022

12/20/2021

6/1/2015

1/30/2015

1/10/2013

Exit

Merger

Acquired

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

10

Lucas Venture Group Fund History

4 Fund Histories

Lucas Venture Group has 4 funds, including Lucas Venture Group V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/24/2016

Lucas Venture Group V

Early-Stage Venture Capital

Open

$2.02M

1

10/12/2015

Lucas Venture Group XVII

$99M

10

10/12/2015

Lucas Venture Group IV

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$99M

10

9/23/2011

Lucas Venture Group IX LLC

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$99M

10

Closing Date

2/24/2016

10/12/2015

10/12/2015

9/23/2011

Fund

Lucas Venture Group V

Lucas Venture Group XVII

Lucas Venture Group IV

Lucas Venture Group IX LLC

Fund Type

Early-Stage Venture Capital

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Status

Open

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Amount

$2.02M

$99M

$99M

$99M

Sources

1

10

10

10

Lucas Venture Group Team

2 Team Members

Lucas Venture Group has 2 team members, including current Founder, Managing Director, Donald A. Lucas.

Name

Work History

Title

Status

Donald A. Lucas

Founder, Managing Director

Current

Sarah Lucas

General Partner

Current

Name

Donald A. Lucas

Sarah Lucas

Work History

Title

Founder, Managing Director

General Partner

Status

Current

Current

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