Predict your next investment

Corporate Venture
FINANCE | Investment Firms & Funds
p72.vc

See what CB Insights has to offer

Investments

122

Portfolio Exits

12

Service Providers

1

About Point72 Ventures

Point72 Ventures, an affiliate of Point72 Asset Management, provides early stage capital to startups in fields such as data mining, artificial intelligence, and machine learning.

Point72 Ventures Headquarter Location

330 Madison Avenue

New York, New York, 10017,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Point72 Ventures Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo

Point72 Ventures Rank

Research containing Point72 Ventures

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Point72 Ventures in 2 CB Insights research briefs, most recently on Sep 4, 2019.

Latest Point72 Ventures News

How Mets CTO Mark Brubaker Splits His Time With Ballclub and Steve Cohen’s Point72 Hedge Fund

Jun 20, 2022

June 17, 2022 Mark Brubaker remembers getting a phone call from Steve Cohen in 2020, about a year after Brubaker joined Cohen’s Point72 Asset Management firm as chief technology officer. Now, the billionaire hedge fund founder wanted Brubaker to handle the same title for the New York Mets, which Cohen bought majority control of for $2.4 billion in November 2020. Mark Brubaker works as Chief Technology Officer for both the Mets and Point72. “I literally pick up my phone, saw his name [and] he just said, 'Do you want to be CTO of the Mets? '” Brubaker recalls. “I said, ‘I don't know anything about baseball. I don't know if I'm the best person to be doing this.' He goes ‘No, you'll pick it up.’” Brubaker is now in his second season with Mets, who have the best record in the National League. He’s one of about 20 Point72 employees who’ve added part-time roles with the Mets, which has helped boost the club’s data operations in their front office and baseball analytics departments. “I have resources at Point72 that are really good at creating data platforms. Those resources have partnered with the baseball analytics team,” Brubaker says. “We've helped to give them an ecosystem that they can better focus on the analytics side and less on what I'll call the data engineering, normalization and cleaning side. That's been a great partnership.” Brubaker says about 20-25% of his time is spent with the Mets and the rest is with Point72, which is headquartered in Stamford, Conn., and manages $24 billion in total financial assets. Among the other employees to split time between the two organizations is Sameer Gupta, who is head of data solutions for both the baseball club and Point72, according to his LinkedIn page. “I have resources at Point72 that are really good at creating data platforms. Those resources have partnered with the baseball analytics team,” Brubaker says. “We've helped to give them an ecosystem that they can better focus on the analytics side and less on what I'll call the data engineering, normalization and cleaning side. That's been a great partnership.” “I find that [being CTO of the Mets] is really not that much different than my responsibilities at Point72,” Brubaker says. “There’s a lot of common traits, which are creating a vision, delegating, building the right technology team, partnering with your business partners and your peers in order to make sure that you're on the same page. Creating a business plan, making sure that you're thinking about it from a business perspective with an ROI, nothing should be done just for the sake of spending money.” According to The Wall Street Journal , the Mets have increased their data analytics staff from eight full-time workers to 35 since Cohen purchased the club two years ago. “It's important to me on the data side, I don't want the Mets to be solely dependent on Point72. We hire people here at the Mets too, we've increased our technology numbers quite a bit from a few years ago,” Brubaker says. “Steve wants me to try to figure out in my role as CTO of Point72 and the Mets is where are those commonalities and how does he get the benefit of scale? So he's not spending money on the same effort twice.” Other technological enhancements undertaken by the Mets under Cohen include upgraded Samsung video boards at Citi Field and a new pitching machine that analyzes ball-tracking data to simulate MLB pitchers. The Mets are also the first MLB club to deploy Wicket’s facial ticketing for entry into Citi Field , and Brubaker says the Mets envision expanding facial recognition to process payments for food, beverages and merchandise at Citi Field. The team’s staff already uses Wicket to access administrative buildings at Citi Field, with hopes to expand to the stadium’s elevator systems as well. The Mets are paying for all the output Point72 gives to the baseball team. “Point 72 is not paying for it, it gets charged back to the Mets accordingly,” Brubaker says. “We have a fiduciary responsibility to Pont 72 investors.” Brubaker treated about 100 members of his Point72 technology team to the Mets’ game on Thursday at Citi Field. He says TV inside Point72’s offices will play Mets games frequently and that office chatter around the ball club has spiked significantly since Cohen’s purchase. While Point72’s data analytics expertise has found a second home with the Mets, the hedge fund has also occasionally found a leg-up from contract negotiations in the baseball world. “We benefit from MLB. Because MLB might have a contract with somebody, and Point72 will go to them and say, ‘There’s a great deal they're [MLB is] getting, we'd love to get a part of that.' There’s a lot of companies that will say, 'Yeah, we’ll give you that same kind of deal.'" Financial markets have taken a beating lately. But earlier this week, Point72 Ventures invested in a $20 million raise by blockchain-based decentralized finance startup Skolem Technologies. Cohen is also an investor in Recur, an NFT marketplace that is partnered with the Pac-12. “I hope that at some point the stock market corrects itself and becomes as hot as the Mets,” Brubaker says. Photo credits: Andrew Cohen (Citi Field), New York Mets/Point72 (Brubaker headshot) Latest

Point72 Ventures Investments

122 Investments

Point72 Ventures has made 122 investments. Their latest investment was in Tesouro HQ as part of their Unattributed VC on June 6, 2022.

CBI Logo

Point72 Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/22/2022

Unattributed VC

Tesouro HQ

$20M

Yes

1

6/8/2022

Series A

Skolem Labs

$20M

Yes

1

6/2/2022

Series A

Incognia

$15.5M

Yes

3

5/10/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

5/5/2022

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/22/2022

6/8/2022

6/2/2022

5/10/2022

5/5/2022

Round

Unattributed VC

Series A

Series A

Seed VC

Series A

Company

Tesouro HQ

Skolem Labs

Incognia

Subscribe to see more

Subscribe to see more

Amount

$20M

$20M

$15.5M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

1

3

10

10

Point72 Ventures Portfolio Exits

12 Portfolio Exits

Point72 Ventures has 12 portfolio exits. Their latest portfolio exit was Fylamynt on February 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

2/23/2022

Acquired

$99M

5

10/29/2021

IPO

$99M

Public

7

10/14/2021

Acq - Pending

$99M

2

8/10/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

7/30/2021

IPO

Subscribe to see more

$99M

Subscribe to see more

10

Date

2/23/2022

10/29/2021

10/14/2021

8/10/2021

7/30/2021

Exit

Acquired

IPO

Acq - Pending

Acquired

IPO

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

Subscribe to see more

Sources

5

7

2

10

10

Point72 Ventures Service Providers

1 Service Provider

Point72 Ventures has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Point72 Ventures Team

6 Team Members

Point72 Ventures has 6 team members, including current Chief Operating Officer, Chris Jackson.

Name

Work History

Title

Status

Steven A. Cohen

Founder

Current

Chris Jackson

Ernst & Young, Major League Baseball, and JLL

Chief Operating Officer

Current

Sri Chandrasekar

In-Q-Tel, and BAE Systems

Managing Partner

Current

Daniel Gwak

Managing Partner

Current

Matthew Granade

Point72 Asset Management, Bridgewater Associates, and McKinsey & Company

Managing Partner

Former

Name

Steven A. Cohen

Chris Jackson

Sri Chandrasekar

Daniel Gwak

Matthew Granade

Work History

Ernst & Young, Major League Baseball, and JLL

In-Q-Tel, and BAE Systems

Point72 Asset Management, Bridgewater Associates, and McKinsey & Company

Title

Founder

Chief Operating Officer

Managing Partner

Managing Partner

Managing Partner

Status

Current

Current

Current

Current

Former

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

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.