Struck Capital
| Private | |
| ISIN | 🆔 |
| Industry | Venture capital |
| Founded 📆 | 2014 |
| Founder 👔 | Adam B. Struck |
| Headquarters 🏙️ | , , |
Area served 🗺️ |
|
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Struck Capital is an industry agnostic seed-stage[1] American venture capital firm founded by Adam B. Struck and headquartered in Santa Monica, California.[2] Struck oversees over $250M in assets under their management, and some notable investments include Grab, Postmates (acquired by Uber),[3] Nutanix (NASDAQ:NTNX), [4] The Honest Company (NASDAQ:HNST),[5] [6] and Latch (NASDAQ:LTCH).[7] [8]. Alongside their investors, Struck Capital aims to support the next generation of technology leaders in Los Angeles and beyond.[8]
History
Struck was founded in 2014 by Adam B. Struck.[9] Adam, a native of South Africa, began his business career in 2011, co-founding beverage company Long Island Brand Beverages,[10] which he later sold to private equity firm Cullen Investments,[11] who brought the company public on the NASDAQ under the ticker symbol NASDAQ:LTEA.[12] After the sale of Long Island Brand Beverages, Adam began investing through special purpose vehicles, investing over $15 million through 10 deals including Nutanix, Postmates and Tachyus.[10]
In March 2015, Struck launched its $25M Fund I.[6] In 2017, the firm then founded a "multi-strategy crypto fund", Struck Capital Crypto.[13] Struck established their $55M Fund II in early 2019, and counting Academy Award winning actor Leonardo DiCaprio [8], Wilson Sonsini Goodrich & Rosati (WSGR), Alex Ok, Brian Robbins, Fan Zhang, and Mike Carpenter as Limited Partners invested in the fund.[8]
Investments
Struck is currently the fourth largest seed-dedicated fund in Los Angeles, and holds roughly $150 million in assets under management.[8] Its portfolio companies include: Sendoso,[14] Scratchpay,[15] BlackCart,[16] Mythical Games,[17] Brainbase,[18] Verifiable,[19] Mojo Vision,[20] Grab and Wunder Mobility.[8] Notable exits include Postmates (acquired by Uber),[3] Nutanix (NASDAQ:NTNX),[4], The Honest Company (NASDAQ:HNST),[5] and Latch (NASDAQ:LTCH).[7] [8]
Struck Capital is an industry agnostic Seed fund aiming to back innovative founders.[1] Additionally, though the firm is not explicitly impact focused, as a first principle, the firm does focus on deals that promote financial inclusion, sustainability, and core technology innovation.[8] The firm is dedicated to working with the next generation of technology leaders both in Los Angeles and beyond. [8]
References
- ↑ 1.0 1.1 The Power Of Purpose: How Struck Capital Is Backing ‘Founders With Purpose’ In LA’s Venture Capital Scene, Afdhel Aziz, October 2, 2019, Forbes, retrieved August 9, 2021
- ↑ Struck Capital, DiCaprio Team for New Fund, James Cutchin, September 28, 2020, LA Business Journal, retrieved August 9, 2021
- ↑ 3.0 3.1 Uber Completes Acquisition of Postmates, December 1, 2020, Business Wire, retrieved August 9, 2021
- ↑ 4.0 4.1 Tech unicorn Nutanix pops more than 130% at public debut, Anita Balikrishnan and Lizzy Gurdus, September 30, 2016, CNBC, retrieved August 26, 2021
- ↑ 5.0 5.1 Jessica Alba-backed Honest Company IPO raises $412.8 million, Reuters, May 5, 2021, CNBC, retrieved August 26, 2021
- ↑ 6.0 6.1 Bullish on LA, Samson Amore, December 6, 2019, LA Business Journal, retrieved August 26, 2021
- ↑ 7.0 7.1 Latch Going Public in $1.56 Billion SPAC Deal With TS Innovation Acquisitions, Rob Lenihan, January 25, 2021, The Street, retrieved August 26, 2020
- ↑ 8.0 8.1 8.2 8.3 8.4 8.5 8.6 8.7 8.8 Leonardo DiCaprio takes a stake in Struck Capital to fund the future of LA’s ecosystem, Jonathan Shieber, September 23, 2020, TechCrunch, retrieved August 9, 2021
- ↑ Leonardo DiCaprio Joins LA Venture Fund Struck Capital as Limited Partner, Ben Bergman, September 23, 2020, dot.LA, retrieved August 9, 2021
- ↑ 10.0 10.1 Adam Struck, Forbes, retrieved August 9, 2021
- ↑ Cullen Agricultural Holding Corp. and Long Island Brand Beverages LLC Agree to Merge, January 5, 2015 Business Wire, retrieved August 9, 2021
- ↑ Thirsty for an IPO? Long Island Iced Tea Corp files for a $12M IPO, Renaissance Capital, August 8, 2016, NASDAQ, retrieved August 9, 2021
- ↑ Struck Capital Crypto Investments, Sectors, and Contact Details, Fintech Without Borders, retrieved August 9, 2021
- ↑ For a monthly subscription fee, this startup will send out customized gifts to current and prospective clients at scale, Connie Loizos, February 26, 2019, TechCrunch, retrieved August 26, 2021
- ↑ Scratchpay Raises $65 Million in Series B Round, James Cutchin, October 30, 2019, LA Business Journal, retrieved August 26, 2021
- ↑ BlackCart raises $8.8M Series A for its try-before-you-buy platform for online merchants, Sarah Perez, January 25, 2021, TechCrunch, retrieved August 26, 2021
- ↑ Mythical Games raises $19 million for blockchain-based games with ‘player-owned economies’, Dean Takahashi, November 20, 2019, VentureBeat, retrieved August 26, 2021
- ↑ LA-based Brainbase raises another $8 million for IP-licensing management, Jonathan Shieber, May 20, 2020, TechCrunch, retrieved August 26,2021
- ↑ Austin-based Verifiable raises $3 million for its API toolkit to verify healthcare credentials, Jonathan Shieber, October 20, 2020, TechCrunch, retrieved August 9, 2021
- ↑ Mojo Vision sees $51M round for its smart, vision-improving contact lens, Conor Hale, April 29, 2020, FierceBiotech, retrieved August 26, 2021
External Links
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