Maven Ventures, a Palo Alto, CA-based venture capital firm investing in seed-stage consumer software companies, closed Maven Ventures Fund III, at $65M.
With the new fund, the firm will continue investing in big consumer trends. It will make $750K-$1M seed investments in founders with a vision worth fighting for and the potential to build billion-dollar businesses investing in around 18 companies in total.
Led by partners Jim Scheinman and Sara Deshpande, Maven Ventures will continue to look at startups in its classic focus areas including autonomous vehicle software, consumer digital health software, and high-growth consumer software in categories like communication, marketplaces, fintech, and more. It is also exploring newer emerging trends including digital collectibles, esports, software tailored to improving women’s lives, the future of communication with avatars and live video, autonomous and mobility by air and sea, the future of food and clean protein, and solving mental health issues using technology.
Over the last six years, Maven Ventures has made 34 investments in areas such as the rise of mobile, autonomous vehicles and consumer transportation, video communication, the consumerization of digital health, and more and had two billion-dollar-plus exits.
FinSMEs
03/10/2019