Maveron: Difference between revisions
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'''Maveron LLC''' is a venture capital firm with expertise in early to mid stage venture financing. The company has been investing in consumer-focused businesses with highly differentiated brands, traditional consumer product and service enterprises and companies engaged in technology products and services. Maveron provides an initial investment of $3 to 10 million to a company.The company is based in Seattle Washington and maintains another office in San Francisco, California. <ref> [http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=21691 Businessweek]</ref> | '''Maveron LLC''' is a venture capital firm with expertise in early to mid-stage venture financing. The company has been investing in consumer-focused businesses with highly differentiated brands, traditional consumer product and service enterprises and companies engaged in technology products and services. Maveron provides an initial investment of $3 to 10 million to a company.The company is based in Seattle, Washington, and maintains another office in San Francisco, California.<ref> [http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=21691 Businessweek]</ref> | ||
==Background== | ==Background== | ||
Dan Levitan, former Managing Director of Schroder, Wertheim & Co. and Howard Schultz, Starbucks CEO co-founded Maveron | [[Dan Levitan]], former Managing Director of Schroder, Wertheim & Co. and Howard Schultz, Starbucks' CEO, co-founded Maveron in January, 1998. Six months after the company's establishment, the company raised $75 million.<ref>[http://www.maveron.com maveron.com]</ref> Among the companies first successful investments include [[eBay]], drugstore.com and [[PeoplePC]].<ref>[http://seattletimes.nwsource.com/html/businesstechnology/2002094021_maveron18.html Seattle Times]</ref> | ||
==Venture Capital Funds== | ==Venture Capital Funds== | ||
In 2000, Maveron raised $340 million | In 2000, Maveron raised $340 million venture capital funds, with an objective to become a premier financial and strategic partner for consumer-oriented companies.<ref>[http://www.bizjournals.com/seattle/stories/2000/03/06/story1.html bizjournals.com]</ref> | ||
In 2004, the company announced that it has raised an additional $200 million fund for its Maveron Equity Partners III. During that time the company had a | In 2004, the company announced that it has raised an additional $200 million fund for its Maveron Equity Partners III. During that time the company had a $600 million management fund and 17 active portfolio companies nationwide. Maveron also developed a division to focus its investment within the consumer/technology spectrum.<ref>[http://www.maveron.com/pdfs/maveron_announcement_11_18_04.pdf Press Release]</ref> | ||
In 2008, Maveron raised another $240 million.<ref>[http://www.bizjournals.com/seattle/stories/2008/03/31/daily20.html bizjournals.com]</ref> At present the firm has estimated $800 million under its management. | |||
==Portfolio== | ==Portfolio== | ||
Currently, Maveron has 25 active companies | Currently, Maveron has 25 active companies in its portfolio, which include: Allconnect, Altius Education, [[CitizenHawk]], Course Hero,Decide, Drugstore.com, Game Logic, Groupon, Kidzzui, Knowledge Network, Latimer Education, Inc., Live Mocha, Mozes, Next Foods, On Request Images, Pay Near Me, Pinkberry, Potbelly Sandwich, Say, Sway, TerraPass, The Motley Fool, The Wrap, Trupanion, and Zulily.<ref>[http://www.maveron.com/portfolio.php Portfolio]</ref> | ||
==References== | ==References== | ||
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__NOTOC__ | __NOTOC__ | ||
[[Category: | [[Category:Financial Services]] | ||
Latest revision as of 18:46, 15 March 2021
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| Type: | Privately held |
| Industry: | Venture Capital & Private Equity |
| Founded: | 1998 |
| Founder(s): | Dan Levitan & Howard Schultz |
| Headquarters: | Seattle, Washington |
| Country: | USA |
| Website: | maveron.com |
| Blog: | Maveron |
| Facebook: | Maveron |
| LinkedIn: | Maveron LLC |
| Twitter: |  @Maveron
|
| Key People | |
| Howard Schultz, Co-Founder Dan Levitan, Co-founder & Partner | |
Maveron LLC is a venture capital firm with expertise in early to mid-stage venture financing. The company has been investing in consumer-focused businesses with highly differentiated brands, traditional consumer product and service enterprises and companies engaged in technology products and services. Maveron provides an initial investment of $3 to 10 million to a company.The company is based in Seattle, Washington, and maintains another office in San Francisco, California.[1]
Background
Dan Levitan, former Managing Director of Schroder, Wertheim & Co. and Howard Schultz, Starbucks' CEO, co-founded Maveron in January, 1998. Six months after the company's establishment, the company raised $75 million.[2] Among the companies first successful investments include eBay, drugstore.com and PeoplePC.[3]
Venture Capital Funds
In 2000, Maveron raised $340 million venture capital funds, with an objective to become a premier financial and strategic partner for consumer-oriented companies.[4]
In 2004, the company announced that it has raised an additional $200 million fund for its Maveron Equity Partners III. During that time the company had a $600 million management fund and 17 active portfolio companies nationwide. Maveron also developed a division to focus its investment within the consumer/technology spectrum.[5]
In 2008, Maveron raised another $240 million.[6] At present the firm has estimated $800 million under its management.
Portfolio
Currently, Maveron has 25 active companies in its portfolio, which include: Allconnect, Altius Education, CitizenHawk, Course Hero,Decide, Drugstore.com, Game Logic, Groupon, Kidzzui, Knowledge Network, Latimer Education, Inc., Live Mocha, Mozes, Next Foods, On Request Images, Pay Near Me, Pinkberry, Potbelly Sandwich, Say, Sway, TerraPass, The Motley Fool, The Wrap, Trupanion, and Zulily.[7]