Predict your next investment

Venture Capital
tomorrowvc.com

See what CB Insights has to offer

Investments

80

Portfolio Exits

23

Funds

2

About TomorrowVentures

TomorrowVentures is a seed and early-stage venture capital firm focused on technology investments. The firm was founded in 2009. Former Google CEO, Eric Schmidt, is involved with TomorrowVentures as well as investment firm Innovation Endeavors.

TomorrowVentures Headquarter Location

555 Bryant Street Suite 555

Palo Alto, California, 94103,

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.

Expert Collections containing TomorrowVentures

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

Find TomorrowVentures in 1 Expert Collection, including Banking.

B

Banking

44 items

Based on CB Insights Research Brief: https://www.cbinsights.com/blog/industry-market-map-landscape/#retail banking

Latest TomorrowVentures News

Atlanta-Based On-The-Way Delivery Service Roadie Raises $37 Million

Feb 27, 2019

By Noah Long ● February 27, 2019 Roadie, an Atlanta-based on-the-way delivery service with the nation’s largest local same-day footprint, announced it raised a $37 million oversubscribed Series C funding round from The Home Depot, Warren Stephens, TomorrowVentures (an early stage VC firm founded by former Google CEO Eric Schmidt) Including this round, Roadie has raised $62 million in total funding. This funding round comes on the heels of Roadie announcing recent delivery partnerships with Delta Air Lines, The Home Depot, and Walmart. And Roadie used these partnerships to strengthen its foothold across 224 metro areas around the country. While many of these metro areas launched with consumers and small businesses, but now it has scaled the meet the needs of enterprises as it can deliver anything up to 100 miles around every major city in the U.S. Photo: Marc Gorlin via Business Wire Roadie’s on-the-way model taps into unused capacity in passenger vehicles that are already on the road. With this model, Roadie is uniquely positioned to help the largest retailers in America with same-day delivery for millions of customers nationwide even in small cities and towns that retailers struggle to reach. And now the company’s same-day delivery footprint now reaches 89% of U.S. households. “In today’s hyper-competitive retail environment, it’s not enough to only offer same-day delivery to folks in NFL cities,” said Roadie founder and CEO Marc Gorlin in a statement. “Our model is a game-changer for retailers, wholesalers and consumers who want same-day delivery of any item, of any size, to any zip code, at any time. An investment like this further validates our crowdsourced model, which retailers are fast realizing is a highly flexible, scalable, and cost-efficient option to reach all of their customers, wherever they might live.” Roadie is going to continue to innovate its dynamic routing and pricing models and expand on its use of machine learning to predict capacity and match deliveries to its community of drivers based on real-time supply and demand. The funding announcement was made at LINK 2019, which is the Retail Industry Leaders Association supply chain conference. “The Home Depot is committed to building the fastest, most efficient supply chain in home improvement, and our customers have made it clear that same-day or next-day deliveries to their homes and jobsites are a critical part of that,” added The Home Depot Supply Chain EVP Mark Holifield. “We’re investing to bring this level of service to 90 percent of the US population, and Roadie is a key partner for us in making this a reality.” Ever since launching in 2015, Roadie grew to over 120,000 drivers and delivered to more than 11,000 cities and towns nationwide. Roadie is also backed by the UPS Strategic Enterprise Fund, TPG Capital founder David Bonderman, Alan Schwartz (Guggenheim Partners’ Executive Chairman), and Square co-founder Jim McKelvey. Related Stories

TomorrowVentures Investments

80 Investments

TomorrowVentures has made 80 investments. Their latest investment was in Roadie as part of their Series C on February 2, 2019.

CBI Logo

TomorrowVentures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/25/2019

Series C

Roadie

$37M

No

5

11/1/2018

Series E

Shape Security

$26M

No

4

9/20/2018

Series B

Cortera

$10M

No

2

7/27/2016

Series C

Subscribe to see more

$99M

Subscribe to see more

10

6/14/2016

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

2/25/2019

11/1/2018

9/20/2018

7/27/2016

6/14/2016

Round

Series C

Series E

Series B

Series C

Series B

Company

Roadie

Shape Security

Cortera

Subscribe to see more

Subscribe to see more

Amount

$37M

$26M

$10M

$99M

$99M

New?

No

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

5

4

2

10

10

TomorrowVentures Portfolio Exits

23 Portfolio Exits

TomorrowVentures has 23 portfolio exits. Their latest portfolio exit was EverFi on January 03, 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

1/3/2022

Acquired

$99M

5

9/23/2021

Acquired

$99M

2

9/23/2021

IPO

$99M

Public

16

9/10/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

7/1/2021

Reverse Merger

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/3/2022

9/23/2021

9/23/2021

9/10/2021

7/1/2021

Exit

Acquired

Acquired

IPO

Acquired

Reverse Merger

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

2

16

10

10

TomorrowVentures Fund History

2 Fund Histories

TomorrowVentures has 2 funds, including Tomorrow Blockchain Opportunities.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/17/2018

Tomorrow Blockchain Opportunities

Bitcoin/Blockchain

Open

$50M

1

TomorrowVentures Fund III

Subscribe to see more

Subscribe to see more

10

Closing Date

1/17/2018

Fund

Tomorrow Blockchain Opportunities

TomorrowVentures Fund III

Fund Type

Bitcoin/Blockchain

Subscribe to see more

Status

Open

Subscribe to see more

Amount

$50M

Sources

1

10

TomorrowVentures Team

4 Team Members

TomorrowVentures has 4 team members, including current Chief Financial Officer, Jennifer Huang.

Name

Work History

Title

Status

Eric Schmidt

Founder

Current

Jennifer Huang

Chief Financial Officer

Current

Michael Slaby

Chief Technology Officer

Current

Court Coursey

Managing Partner

Current

Name

Eric Schmidt

Jennifer Huang

Michael Slaby

Court Coursey

Work History

Title

Founder

Chief Financial Officer

Chief Technology Officer

Managing Partner

Status

Current

Current

Current

Current

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.