Vine leads the earliest rounds of funding for technology companies investing $ 1 million to $ 10 million as a first check. The company offers practical support to the founders, which has already led to many breakthroughs. Vine’s Fund II follows the successful start of Fund I, which was raised in June 2020 and by the end of 2021 reported a net IRR of 251%. In Fund I, 13 of the 16 companies in the portfolio have raised additional funding from Accel, Coatue, Felicis, Founders Fund, General Catalyst and Tiger Global – many of which have been facilitated by their relationship with Vine. They include:
- TUL, a super-application digitizing the construction industry in Latin America that has raised a $ 180 million Serie B at an $ 800 million rating from Avenir, Dragoneer, Tiger Global, 8VC and Coatue
- CommodoreIsraeli platform DevOps, automating Kubernetes troubleshooting, which raised a $ 47 million B Series from Tiger Global, Accel and Felicis
- Habia Latin American proptech and the first female-led unicorn in the region to breed a $ 200 million Series C from the Latin American fund of SoftBank
- Parallel trainingtelehealth platform serving students with learning disabilities in new York which raised a $ 20 million Serie A from Tiger Global, JAWS and Obvious Ventures
- OpenStoreShopify aggregator aggregator, run by Keith Raboa and supported by the Founders’ Fund and General Catalyst
- Ennabla suite of SaaS tools and services managed by data for insurance brokers, which aims to become the platform for connecting a de facto broker-carrier
- Modern intelligencemodular AI for the US defense industry
“Our mission is to identify the founders and markets ready for great results, to guide these leaders to success and to ensure the highest level of return for our investors. Vine’s team consists of investors trained in some of the most successful companies, including Insight Partners, TA Associates and Blackstone. We have adapted the best practices of these companies to bring in unparalleled horsepower to invest at an early stage so that the best company builders in the world can start their journey with the right resources, ”he said. Eric Rainermanaging partner of Vine.
Vine founders Eric Rainer and Dan Powicki started the company before the age of 30 and are recognized in Forbes 30u30. Prior to that, they held investment roles in Insight Partners and TA Associates. Together, they specialize in applying their unique taste to multi-stage investing at an early stage. The couple has backed some of the world’s most promising technology companies and dynamic founders, including eight unicorns: Map, hippopotamus, Ro, Ramp, Dutchman, Habi, Unqorkand FrontApp.
“With Fund II, we continue the important work of providing the best consumer experience in the world to founders. The age of our team and the experience in improving business models distinguish us from the typical venture capital firm. We turn to the founders from a place of reciprocity and strive to build a shared understanding through fast and comprehensive work. This allowed us to bet on generation companies long before other investors arrived, “he said Dan Powicki.
About Vine Ventures
Founded in June 2020 from Eric Rainer and Dan Powicki, Vine Ventures has raised over $ 243 million from two funds and several SPVs. Vine invests in US technology companies Israeland Latin America; and has led and participated in funding circles for 23 companies in less than two years. Eric and Dan share their experience of multi-stage investing with Insight Partners and TA Associates for pre-charging through Serie A rounds. Both in their early 30s, they represent a new generation of venture capitalists who share values, thinking and worldviews with its founders.
Jennifer Bella-Maguire and Crystal Becker Gibson Dunn served as a fundraising advisor for Vine Ventures. Imry Eisner of DLA Piper serves as its chief transaction advisor.
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SOURCE Vine Ventures LP