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Venture Capital
FINANCE | Investment Firms & Funds
album.vc

Investments

121

Portfolio Exits

13

Funds

6

Partners & Customers

1

About Album VC

Album VC invests in early-stage technology ventures. It collaborates with bright minds to shape the future of technology and culture. The firm was founded in 2013 and is based in Lehi, Utah.

Headquarters Location

3451 North Triumph Blvd Suite 200

Lehi, Utah, 84043,

United States

385-352-8880

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Latest Album VC News

Sorin’s Sanjay Nayar teams up with Peak Ventures for cleantech play

Nov 27, 2023

Sorin’s Sanjay Nayar teams up with Peak Ventures for cleantech play SECTIONS By Rate Story Synopsis Nayar is partnering with Peak Ventures – an early-stage firm focused on cleantech areas such as new energy, food systems, clean water and climate. Under the new arrangement, Nayar would become a general partner at the Mumbai-based firm. ETtech Sanjay Nayar, founder, Sorin Investments Former KKR India CEO and chairman Sanjay Nayar , who now runs technology-focused venture capital fund Sorin Investments , is entering a new space: climatetech. Nayar is partnering with Peak Ventures – an early-stage firm focused on cleantech areas such as new energy, food systems, clean water and climate. Under the new arrangement, Nayar would become a general partner at the Mumbai-based firm. Elevate Your Tech Prowess with High-Value Skill Courses Offering College Peak Ventures’ first investment fund of about $150 million is expected to accelerate the fundraising process following Nayar’s onboarding, managing partner Samir Shah told ET. The firm has received approval from the Securities and Exchange Board of India (Sebi) to induct Nayar as a general partner. “While nothing changes from our strategy or how we approach investment opportunities…what Sanjay helps to do is to see how we can scale in a shorter period of time,” Shah said, adding that he sees the fund evolving into backing relatively later-stage startups in this space. “Over time, we are looking to build a large institutional platform, and Sanjay’s addition is strategic from the point of view of writing bigger cheques and bringing his investment acumen to decision making. Besides his capital contribution, his investment experience in India and ability to institutionalise Indian funds to attract high quality local capital comes as very important,” he added. ETtech Samir Shah and the firm's partner Aakash Shah, through their personal investments, have backed a number of companies in the climate tech and cleantech space including IPO-bound solar panel manufacturer Waaree Energies, and listed water tech firm VA Tech Wabag. Through the Peak Ventures Sustainability Fund-I, the firm is looking to invest in 18-20 early-stage startups with average cheques ranging between $2 million and $5 million. While the fund is largely India-focused, it could also look at startups building technologies outside of the country that can be scaled here. Samir Shah indicated that the firm is targeting a 75:25 split in investments between Indian and foreign companies. The firm has also onboarded Norway’s former environment minister and United Nations Environment Programme executive director Erik Solheim on its advisory board. Having received Sebi approval for Nayar’s induction, the Peak Ventures Sustainability Fund-I will formally launch with six warehoused investments. Warehousing of investments refers to a process where fund managers roll up their existing investments into a new fund. These investments are made with the intention of making them a part of the said fund. Nayar’s investments While this marks a foray into a new space for Nayar, his earlier fund Sorin Investments is focused more on technology sectors such as software-as-a-service (SaaS), edtech, fintech, and logistics. The firm made its first bet in ESG consulting firm Uniqus Consultech, and in February, it invested in SaaS-enabled marketplace Venwiz along with Accel and Nexus Venture Partners. For Nayar, the partnership with Peak Ventures rolls up into an umbrella entity representing his family office. This holding company also owns Sorin Investments separately. Taking up the role of a general partner, Nayar also assumes fiduciary responsibility for these funds instead of being a passive investor. The partnership with Peak Ventures comes as Nayar’s family office looks to increase focus on cleantech sectors through specialised investors. On November 20, ET reported the Small Industries Development Bank of India (SIDBI) and the National Small Industries Corporation Limited (NSIC) are expected to invest about Rs 300 crore into Sorin Investments, and with these new investments, the firm will close its maiden fund at Rs 1,300 crore. Sorin Investments has raised money from Henry Kravis, George Roberts, and other associates of KKR & Co, in addition to Hero Enterprises chairman Sunil Kant Munjal, and other Indian family offices. Peak Ventures plans to look at investor classes such as development finance institutions and sovereign wealth funds to raise capital. Experience Your Economic Times Newspaper, The Digital Way! Monday, 27 Nov, 2023 Leading consumer electronic companies such as Apple, Samsung, Dixon Technologies and Havells saw a significant reduction in imports as a percentage of sales in the last fiscal year from the pre-Covid period, according to the latest regulatory data filed by them. PepsiCo India is likely to appoint George Kovoor, one of its most senior executives, as president, as the incumbent, Ahmed ElSheikh, is expected to relocate to a global role at the American food and beverage company early next year, said executives with knowledge of the matter. Spotting a brother, the in-laws, or even a stepsister, of a director on a borrower’s board can be maddening for bankers. Still, they can’t disregard the links — lending to companies (where a bank’s director has a ‘connection’) without the clearance or knowledge of the bank’s board is breaking the law. Read More News on

Album VC Investments

121 Investments

Album VC has made 121 investments. Their latest investment was in Voze as part of their Seed VC on October 10, 2023.

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Album VC Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/11/2023

Seed VC

Voze

$3M

Yes

1

9/28/2023

Series C

TRANSFR

$40M

No

2

8/28/2023

Seed VC

Treads

$4.6M

Yes

3

6/22/2023

Series B

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$99M

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10

6/20/2023

Seed VC

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$99M

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10

Date

10/11/2023

9/28/2023

8/28/2023

6/22/2023

6/20/2023

Round

Seed VC

Series C

Seed VC

Series B

Seed VC

Company

Voze

TRANSFR

Treads

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Amount

$3M

$40M

$4.6M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

2

3

10

10

Album VC Portfolio Exits

13 Portfolio Exits

Album VC has 13 portfolio exits. Their latest portfolio exit was Learn In on June 23, 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

6/23/2022

Acquired

$99M

5

1/11/2022

Acquired

$99M

3

11/11/2021

IPO

$99M

Public

6

7/19/2021

Reverse Merger

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$99M

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10

5/6/2021

Acquired

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$99M

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10

Date

6/23/2022

1/11/2022

11/11/2021

7/19/2021

5/6/2021

Exit

Acquired

Acquired

IPO

Reverse Merger

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

5

3

6

10

10

Album VC Fund History

6 Fund Histories

Album VC has 6 funds, including Album Ventures Fund IV.

Closing Date

Fund

Fund Type

Status

Amount

Sources

5/10/2022

Album Ventures Fund IV

$200M

2

1/22/2020

Album Ventures Hits I

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$99M

10

8/9/2019

Peak Ventures Fund III

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$99M

10

5/8/2017

Peak Ventures Fund II

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$99M

10

9/8/2014

Peak Ventures Fund I

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$99M

10

Closing Date

5/10/2022

1/22/2020

8/9/2019

5/8/2017

9/8/2014

Fund

Album Ventures Fund IV

Album Ventures Hits I

Peak Ventures Fund III

Peak Ventures Fund II

Peak Ventures Fund I

Fund Type

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Status

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Amount

$200M

$99M

$99M

$99M

$99M

Sources

2

10

10

10

10

Album VC Partners & Customers

1 Partners and customers

Album VC has 1 strategic partners and customers. Album VC recently partnered with Nokia on October 10, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

10/31/2017

Licensee

Finland

Press Release: Dominion Harbor Subsidiary, Monument Peak Ventures, Enters Into A Patent License Renewal Agreement with Nokia - Dominion Harbor Group

Peak Ventures has entered into a patent license renewal agreement with Nokia for the Peak Ventures digital imaging portfolio .

1

Date

10/31/2017

Type

Licensee

Business Partner

Country

Finland

News Snippet

Press Release: Dominion Harbor Subsidiary, Monument Peak Ventures, Enters Into A Patent License Renewal Agreement with Nokia - Dominion Harbor Group

Peak Ventures has entered into a patent license renewal agreement with Nokia for the Peak Ventures digital imaging portfolio .

Sources

1

Album VC Team

6 Team Members

Album VC has 6 team members, including , .

Name

Work History

Title

Status

Jeff Danley

Adams Street Partners

Founder

Current

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Name

Jeff Danley

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Work History

Adams Street Partners

Title

Founder

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Status

Current

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