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Eniac Ventures

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Eniac Ventures
ISIN🆔
IndustryVenture capital
Founded 📆2009
Founders 👔Hadley Harris, Nihal Mehta, Tim Young, and Vic Singh
Area served 🗺️
Members
Number of employees
🌐 Websitewww.eniac.vc
📇 Address
📞 telephone

Eniac Ventures is an American seed-stage investment firm. The name stands for Electronic Numerical Integrator And Computer, which was the name of the first electric general purpose computer.

Overview[edit]

Eniac Ventures was formed in 2009 as a seed-stage investment firm.[1]

The founding general partners of Eniac include Hadley Harris, Nihal Mehta, Tim Young, and Vic Singh. It now has offices in San Francisco and New York.[2] Its first fund was closed in 2010 at $1.6 million,[3] consisting of the founders’ own funds and funds from friends and family. They made investments in 32 initial companies,[4] and developed a reputation for accelerating companies from the seed stage to Series A funding stage.[5] Eniac's second was closed in 2013 at $12.9 million.[6] In 2015 the firm closed its third round of funding at $55 million.[7] In 2017 the firm closed a fourth round of funding at $100 million.[2][8]

Portfolio[edit]

Early investments the company made included Airbnb, Twitter, SoundCloud, Glide, and Vimeo.[7] Companies that Eniac has more recently invested in include Ready Robotics,[9] Legit,[10] 10% Happier,[11] Pienso,[12] Snips,[13] Bleximo,[14] Iron Ox,[15] Xwing,[16] FortressIQ,[17] Zero,[18] Fuzzy,[19] Visual Vocal,[20] and Sea Machines.[21]

In 2019 so far, Eniac has invested in 1upHealth [22] and briq [23]

References[edit]

  1. Steven Overly (2013-11-24). "Forget the .com. Some companies are ditching Web sites for a mobile-only approach". The Washington Post. Washington, D.C. ISSN 0190-8286. OCLC 1330888409.
  2. 2.0 2.1 "Eniac Ventures closes $100 million fund".
  3. "Mobile-Focused Eniac Ventures Raises $55M Third Fund".
  4. "Inside the Mind of a New York VC: Hadley Harris of Eniac Ventures". 14 March 2017.
  5. Locker, Melissa (13 April 2017). "Eniac Ventures just closed a new $100 million round for robots (and some other stuff)". Fast Company.
  6. "Xconomy: Eniac Ventures Opens Its Pockets Wider for Mobile With Second Fund". Xconomy. 30 September 2013.
  7. 7.0 7.1 "Eniac Ventures raises new $55M fund to double down on mobile investments". 22 January 2015.
  8. Guditch, Paulina. "What This Serial Investor Wants All First Time Founders To Know". Forbes.
  9. "Why Ready Robotics moved its HQ from Baltimore to Ohio". 23 April 2018.
  10. "Startup Q&A - Legit is Working to End the Repetitive Nature of Filing Patents". VentureFizz. 3 April 2018.
  11. "10% Happier, a 'no BS' meditation app for skeptics, raises $3.7M in new funding".
  12. "Pienso raises $2.1M to help non-programmers interact with machine learning models".
  13. "Committed to privacy, Snips founder wants to take on Alexa and Google, with blockchain".
  14. "Bleximo raises $1.5M for its quantum computing accelerators".
  15. "Are Robots the Future of Farming?". Inc.com. 3 January 2018.
  16. "Autonomous-aviation startup Xwing takes flight with $4 million in funding". Techcrunch.
  17. "FortressIQ raises $12M to bring new AI twist to process automation".
  18. "Zero raises $8.5 million for a credit card that functions like a debit card".
  19. Kolodny, Lora (11 December 2017). "Fuzzy Pet Health raises $4.5 million for house calls for pets". www.cnbc.com.
  20. "Visual Vocal raises $3.6M for virtual reality enterprise collaboration platform". GeekWire. 13 October 2017.
  21. "Toyota Invests in Self-Sailing Ship Maker Sea Machines Robotics | WIRED". www.wired.com. Archived from the original on 2018-12-17. Unknown parameter |url-status= ignored (help)
  22. "Health data aggregation, centralization platform 1upHealth scores $2.38M in seed funding. The round was led by Eniac Ventures, Social Leverage and Meridian Street Capital". MobiHealthNews. February 14, 2019.
  23. "Briq, the next building block in tech's reconstruction of the construction business, raises $3 million". TechCrunch. February 22, 2019.


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