Data Collective

Data Collective (DCVC) is a venture capital fund based in San Francisco that invests in entrepreneurs who build Big Data companies. As of 2016, it has raised $265M in funds.[1][2]

History

It was founded in 2011 by Matt Ocko and Zack Bogue. Its team includes 35 equity partners.[3]

It invests in the infrastructure level (the storage, security, and management systems), analytics and the top layer (vertical-focused apps in areas like lending, travel, customer service, medical research and more).[1]

It raised its first fund in 2011 (where some of its investments included Metamarkets, Contendo (acquired by Akamai), SocialCam and Kenshoo). It invested in its second fund in 2012, when it invested in limited partners (LPs).[1]

In March 2014, it raised $125 million for its third fund.[1]

In December 2014, it raised $125 million for its “opportunity fund,” which focuses exclusively on later-stage rounds for existing investments.[4][5]

Management

Investments

Its investments include Uber, Ayasdi, Transcriptic, Prism Skylabs, Planet Labs, LiftIgniter,[6] Ranker, Gradle Inc.,[2] Sequence Bio,[7] Tradeshift,[8] and Priceonomics.[1]

Philosophy

Its philosophy is for its technically-inclined investors to take a vertical look at its server architecture and code, and evaluate the risk associated with backing the technology.[1] It also uses its insider knowledge to invest in early-stage startups (preferring to invest before the big players) that can prove their new technology that the market suddenly opens up to.[9]

References

  1. 1 2 3 4 5 6 "With A Focus On Big Data Startups, Data Collective Redefines Thematic Investing And Debuts Its Third Fund". Techcrunch.com. Retrieved March 6, 2016.
  2. 1 2 "Gradle Inc. Raises $4.2M with True Ventures and Data Collective". Business Wire. December 10, 2015. Retrieved September 16, 2016.
  3. ↑ "Big-Data Investing Gets Its Own Supergroup". The New York Times. Retrieved March 6, 2016.
  4. ↑ "Exclusive: Data Collective raises $125 million for 'opportunity' fund". Fortune.com. Retrieved March 6, 2016.
  5. ↑ "Data Collective". Retrieved March 6, 2016.
  6. ↑ "Data Collective Recent Activity". AngelList. Retrieved March 13, 2016.
  7. ↑ Falconer, Kirk (August 3, 2016). "Sequence Bio raises $3.9 mln in seed funding led by DCVC". PE Hub. Retrieved September 16, 2016.
  8. ↑ "Tradeshift's $75 Million Series D Round Attracts New and Existing Investors to Accelerate Company's Global Expansion and Platform Development". Business Wire. June 9, 2016. Retrieved September 16, 2016.
  9. ↑ Yuliya Chernova (January 23, 2015). "Data Collective Tapped Its New Growth Fund for Planet Labs Deal - Venture Capital Dispatch". The Wall Street Journal. Retrieved March 13, 2016.
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