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Venture Capital
stormbreaker.co

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Investments

13

Portfolio Exits

1

Funds

1

About Stormbreaker Ventures

Stormbreaker Ventures operates as an early-stage technology-focused venture capital fund.

Stormbreaker Ventures Headquarters Location

1968 S. Coast Hwy #3994

Laguna Beach, California, 92651,

United States

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Latest Stormbreaker Ventures News

Frontdesk Secures $13M Series B To Redefine Hospitality for a New Generation of Travelers and Property Owners

Sep 15, 2022

Venture Capital News | Private Equity News venture capital directory | private equity directory Venture Capital Firms List / Venture Capital & Private Equity Firms and Sources Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directory 2022 Newly Updated Edition Now Available! (Updated JULY 2022) VCPro Database 2022 25th Edition — a downloadable and searchable venture capital database with 6,800+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. Frontdesk Secures $13M Series B To Redefine Hospitality for a New Generation of Travelers and Property Owners The hospitality company is backed by Stormbreaker Ventures, JetBlue Technology Ventures, Veritas Innovations, Motivate Venture Capital, and more. MILWAUKEE, WI., September 14, 2022-- Frontdesk Inc., the hospitality company providing flexible stays for the modern traveler, is proud to announce the closing of $13M in Series B financing led by Stormbreaker Ventures with support from JetBlue Technology Ventures, Veritas Innovations, Motivate Venture Capital, and several strategic investors. This latest round brings the fastest-growing short-term rental brand to $22 million in total equity financing. Operating in over 30 U.S. markets with more than 1,000 units across 150+ buildings, Frontdesk manages one of the largest collections of Short-Term Rentals (STR) units in the United States and has hosted more than 400,000 guests to date. Frontdesk helps real estate owners maximize the potential of their multifamily assets and provides modern spaces for today's travelers. The company's proprietary software powers its efficient and scalable model, allowing Frontdesk to better serve guests and automate and scale internal operations--ultimately redefining hospitality for a new generation of travelers and property owners. "Stormbreaker has been a longtime believer in Frontdesk's capital-efficient approach to transforming the way we live, work, and explore new communities," said Mark Freed, Frontdesk board member and Partner at Stormbreaker Ventures. "Supported by strong leadership and best-in-class technology, Frontdesk has built a sustainable, scalable business, and we are thrilled to continue being a part of their growth." "At JetBlue Technology Ventures, we are always on the lookout for companies that are building differently from their peers," said Jim Lockheed, Investment Principal at JetBlue Technology Ventures. "Frontdesk's vision to redefine hospitality for the modern traveler--grounded in strong business fundamentals--is exactly the type of business we believe will be a great partner for JetBlue Technology Ventures and our existing portfolio of early-stage startups improving the future of travel and hospitality." "As the world becomes more digital and more flexible, the need for our product has never been greater," said Jesse DePinto, Frontdesk CEO. "We are grateful to be joined by partners who support our vision to power the future of dynamic living and meet the contemporary needs of living, working, and traveling. As we look towards the future, we are now even more excited about the generational opportunity ahead and Frontdesk's leadership position within our category." The 300+ person company continues to acquire new properties to add to its portfolio and plans to use the capital to expand into existing markets and buildings. The raise comes after a strong year for Frontdesk: the company was recently named to the Inc. 5000 for the second year in a row and "Short Term Rental Platform of the Year" by PropTech Breakthrough. About Frontdesk Founded in 2017, Frontdesk is a hospitality company providing flexible stays for the modern traveler. Operating in over 30 U.S. markets with more than 1000 units across 150+ buildings, Frontdesk provides a home away from home to travelers, a sustainable renting model to buildings, and a positive and committed relationship with the communities it serves. With an average rating of 4.7 out of 5 stars, Frontdesk maximizes guest flexibility with zero compromises on reliability. For more information, visit www.StayFrontdesk.com. Contact:

Stormbreaker Ventures Investments

13 Investments

Stormbreaker Ventures has made 13 investments. Their latest investment was in Voyantis as part of their Seed VC on July 7, 2022.

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Stormbreaker Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/5/2022

Seed VC

Voyantis

$19M

Yes

3

6/1/2022

Seed VC - III

Aervivo

$3M

Yes

1

3/29/2022

Series A - II

Teal

$10.8M

Yes

2

3/28/2022

Series B - II

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$99M

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10

2/9/2022

Series A

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$99M

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10

Date

7/5/2022

6/1/2022

3/29/2022

3/28/2022

2/9/2022

Round

Seed VC

Seed VC - III

Series A - II

Series B - II

Series A

Company

Voyantis

Aervivo

Teal

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Amount

$19M

$3M

$10.8M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

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Co-Investors

Sources

3

1

2

10

10

Stormbreaker Ventures Portfolio Exits

1 Portfolio Exit

Stormbreaker Ventures has 1 portfolio exit. Their latest portfolio exit was Zaraz on December 08, 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

12/8/2021

Acquired

$99M

6

Date

12/8/2021

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

6

Stormbreaker Ventures Fund History

1 Fund History

Stormbreaker Ventures has 1 fund, including Stormbreaker Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/18/2020

Stormbreaker Fund I

$6.13M

2

Closing Date

12/18/2020

Fund

Stormbreaker Fund I

Fund Type

Status

Amount

$6.13M

Sources

2

Stormbreaker Ventures Team

1 Team Member

Stormbreaker Ventures has 1 team member, including current Founder, Managing Partner, Said Mia CFA.

Name

Work History

Title

Status

Said Mia CFA

Founder, Managing Partner

Current

Name

Said Mia CFA

Work History

Title

Founder, Managing Partner

Status

Current

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