Maveron: Difference between revisions
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'''Maveron LLC''' is a venture capital firm with expertise in early to mid stage venture financing. Dan Levitan and Howard Schultz co-founded | '''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== | |||
Dan Levitan, former Managing Director of Schroder, Wertheim & Co. and Howard Schultz, Starbucks CEO co-founded Maveron on January 1998. Six months after the companies 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== | |||
In 2000, Maveron raised $340 million Venture Capital Fund 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 total of $600 million management fund and 17 active portfolio companies nationwide. Maveron developed the concept Consumer Continuum and focused its investment on the spans of 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 fund.<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== | |||
Currently, Maveron has 25 active companies on its portfolio which include Allconnect, Altius Education,Citizen Hawk, 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,TerrPpass, The Motley Fool, The Wrap, Trupanion and Zulily.<ref>[http://www.maveron.com/portfolio.php Portfolio]</ref> | |||
==References== | |||
{{reflist}} | |||
[[Category: Companies]] | |||
Revision as of 21:16, 19 May 2011
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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 on January 1998. Six months after the companies 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 Fund 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 total of $600 million management fund and 17 active portfolio companies nationwide. Maveron developed the concept Consumer Continuum and focused its investment on the spans of the consumer/technology spectrum.[5]
In 2008, Maveron raised another $240 million fund.[6] At present the firm has estimated $800 million under its management.
Portfolio
Currently, Maveron has 25 active companies on its portfolio which include Allconnect, Altius Education,Citizen Hawk, 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,TerrPpass, The Motley Fool, The Wrap, Trupanion and Zulily.[7]