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Correlation Ventures Raises an Oversubscribed $200M Second Fund

SAN FRANCISCO, Jan. 11, 2017 /PRNewswire/ -- J.P. Morgan Healthcare Conference -- Correlation Ventures, the venture capital industry's leading co-investor and predictive analytics pioneer, announced today it has raised an additional $200 million and closed its oversubscribed second fund. Correlation now has $366 million in assets under management. The fund's investors (limited partners) include leading endowments, pensions, funds of funds and family offices.

David Coats, co-founder and Managing Director of Correlation Ventures, said, "We appreciate the strong support shown by our investors. Our strategy remains the same—be attractive to lead VCs and entrepreneurs in the best investment opportunities by delivering on our unique value proposition as the 'dream co-investor'. For example, we are committed to make investment decisions within two weeks or less, being flexible on investment size and being predictable in follow-on rounds."

Trevor Kienzle, a co-founder and Managing Director, added, "The response we've received from entrepreneurs and our peer VCs has been tremendous. We're pleased to have already been able to back such exciting companies as Virsto Software (acquired by VMware), InstaEDU (acquired by Chegg) and AirXpanders (went public in 2015), as well as many still private companies which have demonstrated significant progress since our investment such as AlienVault, BlueVine, Casper, Crossbar, Distil, Earnest, Sun Basket and Spirox, just to name a few."

The venture firm invested in 121 companies in Correlation 1 and is currently investing out of Correlation 2. Correlation co-invests in outside VC-led rounds in private U.S. headquartered companies at all investment stages across all industry segments, from consumer and enterprise to FinTech and healthcare.

Correlation Ventures, a U.S. venture fund with more than $350 million under management, leverages world-class analytics to offer entrepreneurs and other venture capitalists a dramatically better option when they are seeking additional co-investment capital to complete a financing round. The firm makes investment decisions in two weeks or less, is highly flexible on investment size and is predictable in terms of follow-on financings. Correlation Ventures invests across all industry segments, U.S. geographies and investment stages—from seed through late stage. Correlation Ventures has offices in Palo Alto, San Diego and New York City. For more information, visit http://www.correlationvc.com and @correlationvc.


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