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Asset/Investment Management
roseparkadvisors.com

Investments

42

Portfolio Exits

6

Funds

2

About Rose Park Advisors

Rose Park, based in Boston, Massachusetts, is a specialized investment firm focused on identifying investment opportunities by applying the framework of disruptive innovation. Rose Park Advisors invests by both going long as the firm seeks to apply the disruptive innovation model and framework made famous by Havard Clayton Christensen to identify companies whose strategy is well suited to take advantage of change. On the short side, the firm seeks to identify incumbent companies whose future vitality is threatened by disruptive attackers. Rose Park Advisors LLC was founded in 2007 by Harvard Business School's Clayton Christensen, the NY Times bestselling author of The Innovator's Dilemma, and architect of the framework of disruptive innovation.

Headquarters Location

112 Water Street Suite 200

Boston, Massachusetts, 02109,

United States

617-849-9265

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Latest Rose Park Advisors News

Merit: Universal Verified Identity Platform - Alumni Ventures

May 5, 2023

Merit: Universal Verified Identity Platform Merit’s platform helps users create, update, and share secure, portable credentials Written by 2 min Digital identity is a catch-all term for anything in a digital format, such as creating a PDF of an existing paper-based license or credential. While digital identity is becoming commonplace in many business environments, the conversion process still relies on human intervention to collect, convert, and store the records — resulting in the potential for manual mistakes. As a result, the need to rapidly and efficiently verify identification and certification is a global challenge in almost every industry. Alumni Ventures portfolio company Merit addresses this need by offering a universal clearinghouse for verified identity. Merit provides licensing and certification verifications for everyone from architects to real estate and construction professionals, IT techs, plumbers, electricians, emergency responders, and more. Agencies and industries benefit by having a common standard to check credentials and compare qualifications, while individuals benefit by having all their achievements in one secure place. Merit’s business model is based on a “land and expand” strategy, with government use cases expanding into other projects. For example, Merit was brought into Florida to help coordinate identity for vaccines . Later (based on the success of the vaccination project), the company was asked to coordinate onsite recovery for the Surfside condo collapse. What We Liked About Merit Backed by Established Investors: From the start, Merit has been backed by Jeff Jordan at Andreessen Horowitz. Jeff is a Midas List investor with investments in Airbnb and Pinterest. The lead investor for the company’s latest round is Rose Park Advisors, founded by the late HBS professor Clayton Christensen (a former advisor to Alumni Ventures’ CEO Mike Collins). Rose Park’s investments include Coupang and DocuSign. Strong Market and Growing Potential: The press attention that Merit has generated from government projects has translated to significant commercial interest from customers in the private sector, making them well-positioned to disrupt the global identity verification market (expected to reach $18.6 billion by 2026 ). Additionally, Merit is in the process of shifting to annual contracts where the local government will pay for yearly usage upfront, thus increasing recurring revenue. Significant Customer Demand: Merit’s identity verification platform spans many use cases and has seen high interest from state and local governments. With impressive performance that met the challenges of the pandemic, Merit has shown significant growth and strong customer demand. As a result, the company serves 1,500 trusted private, state, and municipal organizations to solve critical real-world problems in multiple sectors. How We Are Involved Spike Ventures (for the Stanford community), Waterman Ventures (for the Brown community), and 116 Street Ventures (for the Columbia community) deployed capital in Merit’s $50 million Series B led by Rose Park Advisors. The company is also in AV’s AI Fund , and part of the allocation was raised via a Syndication. Want to learn more?

Rose Park Advisors Investments

42 Investments

Rose Park Advisors has made 42 investments. Their latest investment was in CloudLex as part of their Series C on February 2, 2023.

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Rose Park Advisors Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/7/2023

Series C

CloudLex

Yes

2

7/13/2022

Series A

Inflection Points

$12.6M

Yes

2

5/25/2022

Series D

Booster Fuels

$125M

Yes

4

5/12/2022

Series A

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$99M

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10

1/12/2022

Series B

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$99M

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10

Date

2/7/2023

7/13/2022

5/25/2022

5/12/2022

1/12/2022

Round

Series C

Series A

Series D

Series A

Series B

Company

CloudLex

Inflection Points

Booster Fuels

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Amount

$12.6M

$125M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

2

4

10

10

Rose Park Advisors Portfolio Exits

6 Portfolio Exits

Rose Park Advisors has 6 portfolio exits. Their latest portfolio exit was CircleUp on June 01, 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

6/1/2023

Acquired

$99M

8

1/6/2022

Acquired

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$99M

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10

5/18/2021

IPO

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$99M

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10

3/11/2021

IPO

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$99M

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10

9/3/2019

Acq - Fin

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$99M

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10

Date

6/1/2023

1/6/2022

5/18/2021

3/11/2021

9/3/2019

Exit

Acquired

Acquired

IPO

IPO

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

8

10

10

10

10

Rose Park Advisors Fund History

2 Fund Histories

Rose Park Advisors has 2 funds, including DVF - CircleUp - I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/4/2020

DVF - CircleUp - I

$0.93M

1

12/12/2016

Disruptive Innovation Fund

$99M

10

Closing Date

9/4/2020

12/12/2016

Fund

DVF - CircleUp - I

Disruptive Innovation Fund

Fund Type

Status

Amount

$0.93M

$99M

Sources

1

10

Rose Park Advisors Team

3 Team Members

Rose Park Advisors has 3 team members, including current Founder, Chief Executive Officer, Managing Partner, Matthew Christensen.

Name

Work History

Title

Status

Matthew Christensen

Founder, Chief Executive Officer, Managing Partner

Current

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Name

Matthew Christensen

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Work History

Title

Founder, Chief Executive Officer, Managing Partner

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Status

Current

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