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Angel Investor (Individual)

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Investments

114

Portfolio Exits

44

About Scott Banister

Scott Banister, co-founder of IronPort and advisor to Paypal, is a California based angel investor who generally invests $25-50k in companies in the San Francisco Bay Area, specially in the consumer internet sector.

Scott Banister Headquarter Location

Half Moon Bay, California,

United States

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Expert Collections containing Scott Banister

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Scott Banister in 2 Expert Collections, including Blockchain.

B

Blockchain

160 items

S

Synthetic Biology

382 items

Latest Scott Banister News

Density, a tracker of building users, raises $51M

Jul 28, 2020

The round was led by Kleiner Perkins with participation from 01 Advisors, the investment firm co-founded by former Twitter exec Dick Costolo . Other backers included Upfront Ventures, Founders Fund, Ludlow Ventures, Launch, DTA in participation with Alex Rodriguez , Greenoaks Capital, LPC Ventures, Eventbrite co-founder Kevin Hartz and his wife Julia, Zivity co-founders Scott Banister and his wife Cyan , and others. “The world is trying to reopen,” said co-founder and CEO Andrew Farah. “The reality is that every industry in the world is dealing with the challenge of trying to figure out how space is used and keeping people safe.” Density was not conceived of as a post-Covid solution, however: It launched in 2014. The company’s founders initially designed and created sensors to gauge activity at their favorite coffee shop in Syracuse. In the dead of winter, Farah said, the last thing you wanted to do was “walk through a bunch of snow only to hit a line.” Over the past decade, however, the technology coincided with increased demand for AI and smart building-technology used to boost safety and efficiency. Unlike cameras, which have triggered privacy concerns, Density’s sensors measure height values on doorways to count how many people pass through. Pre-Covid, enterprise clients including Pinterest, Hello Fresh and New York University used Density’s sensors to identify wasted space in their office portfolios. According to Farah, 41 percent of office space in the U.S. is leased but not occupied for a host of reasons. When Covid hit, Density experienced a surge in demand, leading the company to boost production at its manufacturing facility in Syracuse by 90 percent. “Companies have been trying to modernize buildings for the last decade,” Farah said. “Well after the pandemic is over, they will continue to modernize buildings and understand how they are used. The pandemic has just accelerated the timeline.” Density is one of several proptech firms that have raised money in recent months to accelerate products with post-Covid appeal. Farah said Density was well-capitalized heading into the pandemic and held off on fundraising until May to see how things would play out. Demand was such that the fundraising was exceptionally quick. “We were in the market for nine days,” Farah said. He declined to disclose the company’s revenue, but projected a tenfold increase this year. Write to E.B. Solomont at [email protected]

Scott Banister Investments

114 Investments

Scott Banister has made 114 investments. Their latest investment was in Serve Robotics as part of their Seed VC on March 3, 2021.

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Scott Banister Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/2/2021

Seed VC

Serve Robotics

$50M

Yes

4

12/10/2020

Series B

Turing

$32M

Yes

4

7/28/2020

Series C

Density

$51M

Yes

5

7/8/2020

Seed VC - II

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$99M

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10

1/1/2020

Seed VC

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$99M

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10

Date

3/2/2021

12/10/2020

7/28/2020

7/8/2020

1/1/2020

Round

Seed VC

Series B

Series C

Seed VC - II

Seed VC

Company

Serve Robotics

Turing

Density

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Amount

$50M

$32M

$51M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

4

5

10

10

Scott Banister Portfolio Exits

44 Portfolio Exits

Scott Banister has 44 portfolio exits. Their latest portfolio exit was Arcus Financial Intelligence on November 24, 2021.

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

11/24/2021

Acquired

2

9/13/2021

Acq - Pending

$991

3

6/2/2021

Acquired

$991

7

00/00/0000

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$991

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10

00/00/0000

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$991

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10

Date

11/24/2021

9/13/2021

6/2/2021

00/00/0000

00/00/0000

Exit

Acquired

Acq - Pending

Acquired

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Companies

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Valuation

$991

$991

$991

$991

Acquirer

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Sources

2

3

7

10

10

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