# Avalon Ventures: portfolio, investments and team

> Avalon Ventures is a vc firm based in United States. 124 investments on record, latest Jul 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/avalon-ventures (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Avalon Ventures

Last cheque observed Jul 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $117M, Sept 2016 VC firm

Seed Series A Life Science Information Technology

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 124 on record

Since the last cheque **2669** days **00** hrs **00** min **00** sec

Median round **$16M** Rounds led **0 of 124** Sole investor **19 rounds** Exits **19 from the portfolio** Mostly in **United States, 100%**

Pitch Avalon Ventures

## Avalon Ventures highlights

- 01 124 rounds on record
- 02 Mostly Series A and Series B: 70% of its rounds
- 03 Sole investor in 19 rounds, median $3.3M
- 04 19 exits from the portfolio

## What they do

> Avalon's long-standing and successful focus has been on seed and early stage companies, including many it formed in the life science and information technology sectors. From their own website

- **Type:** VC firm
- **Cheque size:** Not stated
- **Stages:** Seed Series A
- **Sectors:** Life Science Information Technology
- **Based in:** La Jolla, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **124 appearances**

- **2019** 1 round
- **Jul** **[Node](https://millionrounds.com/company/node)** US · FinSMEs **$16M** With 11 others
- **2017** 1 round
- **Oct** **[Averon](https://millionrounds.com/company/averon)** Series A · US · FinSMEs **$8.3M** Sole investor
- **2016** 2 rounds
- **Sept** **[Fortis Therapeutics](https://millionrounds.com/company/fortis-therapeutics)** Series A · US · FinSMEs **$18M** Sole investor
- **Jul** **[AristaMD](https://millionrounds.com/company/aristamd)** Series A · US · Pehub **$11M** Sole investor
- **2015** 12 rounds
- **Dec** **[Enlibrium](https://millionrounds.com/company/enlibrium)** Series A · US **$15M** With 3 others
- **Aug** **[Skycatch](https://millionrounds.com/company/skycatch)** Series B · US **$22M** With 8 others
- **Aug** **[MOGL](https://millionrounds.com/company/mogl)** Venture · US **$7.9M** With 5 others
- **Jul** **[AeroFS](https://millionrounds.com/company/aerofs)** Series B · US **$10M** With 1 other
- **Jun** **[Indix](https://millionrounds.com/company/indix)** Series B · US **$15M** With 2 others
- **Jun** **[Ankasa Regenerative Therapeutics](https://millionrounds.com/company/ankasa-regenerative-therapeutics)** Series A · US **$8.5M** With 2 others
- **Jun** **[Pronoun](https://millionrounds.com/company/pronoun)** Series B · US **$3.5M** Sole investor
- **Jun** **[Calporta Therapeutics](https://millionrounds.com/company/calporta-therapeutics)** Series A · US **$10M** With 1 other
- **May** **[BookBub](https://millionrounds.com/company/bookbub)** Series B · US **$7.0M** With 3 others
- **Apr** **[AristaMD](https://millionrounds.com/company/aristamd)** Series A · US **$4.0M** With 1 other
- **Apr** **[ScoreStream](https://millionrounds.com/company/scorestream)** Seed · US **$3.0M** With 5 others
- **Mar** **[Nanigans](https://millionrounds.com/company/nanigans)** Series B · US **$24M** With 2 others
- **2014** 20 rounds
- **Nov** **[Redbooth](https://millionrounds.com/company/redbooth)** Series B · US **$11M** With 2 others
- **Oct** **[StackIQ](https://millionrounds.com/company/stackiq)** Series B · US **$6.0M** With 5 others
- **Sept** **[Kinvey](https://millionrounds.com/company/kinvey)** Series B · US **$11M** With 3 others
- **Sept** **[Silarus Therapeutics](https://millionrounds.com/company/silarus-therapeutics)** Series A · US **$10M** With 1 other
- **Sept** **[Thyritope Biosciences](https://millionrounds.com/company/thyritope-biosciences)** Series A · US **$10M** With 1 other
- **Sept** **[Sidecar](https://millionrounds.com/company/sidecar)** Series C · US **$15M** With 2 others
- **Sept** **[Tapad](https://millionrounds.com/company/tapad)** Series B · US **$19M** With 7 others
- **Sept** **[Avelas Biosciences](https://millionrounds.com/company/avelas-biosciences)** Series B · US **$7.4M** With 2 others
- **Aug** **[OnBeep](https://millionrounds.com/company/onbeep)** Series A · US **$6.3M** With 16 others
- **Jul** **[ScoreStream](https://millionrounds.com/company/scorestream)** US **$800K** With 1 other
- **Jun** **[Tapad](https://millionrounds.com/company/tapad)** Series B · US **$7.0M** With 4 others
- **May** **[Skycatch](https://millionrounds.com/company/skycatch)** Series A · US **$13M** With 8 others
- **May** **[BookBub](https://millionrounds.com/company/bookbub)** Series A · US **$3.8M** With 3 others
- **Apr** **[Otonomy](https://millionrounds.com/company/otonomy)** Series D · US **$49M** With 11 others
- **Apr** **[Synthorx](https://millionrounds.com/company/synthorx)** Series A · US **$6.0M** With 1 other
- **Mar** **[Indix](https://millionrounds.com/company/indix)** Series A · US **$8.5M** With 1 other
- **Feb** **[MOGL](https://millionrounds.com/company/mogl)** Series B · US **$11M** With 2 others
- **Jan** **[Quippi](https://millionrounds.com/company/quippi)** Venture · US **$2.0M** With 1 other
- **Jan** **[Chartio](https://millionrounds.com/company/chartio)** Venture · US **$2.2M** With 1 other
- **Jan** **[Avelas Biosciences](https://millionrounds.com/company/avelas-biosciences)** Series B · US **$6.8M** With 2 others
- **2013** 14 rounds
- **Dec** **[Conjur](https://millionrounds.com/company/conjur)** US · bizjournals.com **Undisclosed** With 1 other
- **Dec** **[Simulmedia](https://millionrounds.com/company/simulmedia)** Series D · US · allthingsd.com **$25M** With 4 others
- **Nov** **[Sitari Pharmaceuticals](https://millionrounds.com/company/sitari-pharmaceuticals)** Series A · US · finsmes.com **$10M** With 1 other
- **Oct** **[Teambox](https://millionrounds.com/company/teambox)** Series A · US · finsmes.com **$5.0M** With 1 other

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **12 named**

BM **Braden Mack Bohrmann** Manager Member of Masthead Venture Partners, LLC, Manager i Filing they signed

DD **Douglas Downs** Member of Avalon Ventures Viii GP, LLC (Relying Adviser) i Form ADV

JM **Jay M. Lichter** Managing Director and Member of Avalon Ventures Viii GP, LLC (Relying Adviser) i Form ADV

KP **Kevin Patrick Kinsella** Managing Director and Member of Avalon Ventures Management, LLC (Filing Adviser) i Form ADV

KD **Kim Deanda** Member of Abv Spv II GP, LLC (Relying Advisor) i Form ADV

RW **Richard William Levandov** Managing Director and Member of Avalon Ventures Viii GP, LLC (Relying Adviser) i Form ADV

SG **Sheila Gujrathi** Member of Abv Spv I GP, LLC (Relying Advisor) i Form ADV

SE **Stephen Elmendorf** Member of Abv Spv II GP, LLC (Relying Advisor) i Form ADV

SK **Stephen K Smith** Manager Member of Masthead Venture Partners, LLC, Manager i Filing they signed

SL **Stephen L. Tomlin** Managing Director and Member of Avalon Ventures Management, LLC (Filing Adviser) i Form ADV

TR **Tighe Reardon** Chief Financial Officer of Avalon Ventures Management, LLC (Filing Adviser) i Form ADV

TP **Timothy P Agnew** Principal of Masthead Venture Partners LLC, Manager i Filing they signed

We also hold **16** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$236M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Avalon Ventures Management, LLC
- **SEC number:** CRD 161930

## Exits from the portfolio

Companies it backed that were later bought or listed **19 in all**

**[Backupify](https://millionrounds.com/company/backupify)** Bought by Datto **Undisclosed** Dec 2014

**[Proximal Data](https://millionrounds.com/company/proximal-data)** Bought by [Samsung Electronics](https://millionrounds.com/fund/samsung-electronics) **Undisclosed** Nov 2014

**[Ambit Biosciences](https://millionrounds.com/company/ambit-biosciences)** Bought by [Daiichi Sankyo](https://millionrounds.com/fund/daiichi-sankyo) **$410M** Sept 2014

**[Byliner](https://millionrounds.com/company/byliner)** Bought by Pronoun **Undisclosed** Sept 2014

**[TwinStrata](https://millionrounds.com/company/twinstrata)** Bought by [EMC](https://millionrounds.com/fund/emc) **Undisclosed** Jul 2014

**[Shelby.tv](https://millionrounds.com/company/shelby-tv)** Bought by [Samsung Electronics](https://millionrounds.com/fund/samsung-electronics) **Undisclosed** Jun 2014

**[Cloudant](https://millionrounds.com/company/cloudant)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **Undisclosed** Feb 2014

**[Standing Cloud](https://millionrounds.com/company/standing-cloud)** Bought by AppDirect **$9.0M** Sept 2013

**[Aratana Therapeutics](https://millionrounds.com/company/aratana-therapeutics)** Listed **$51M** May 2013

**[Ortiva Wireless](https://millionrounds.com/company/ortiva-wireless)** Bought by Allot Communications **Undisclosed** May 2012

**[Vocera Communications](https://millionrounds.com/company/vocera-communications)** Listed **Undisclosed** Mar 2012

**[Zynga](https://millionrounds.com/company/zynga)** Listed **Undisclosed** Dec 2011

**[Amira Pharmaceuticals](https://millionrounds.com/company/amira-pharmaceuticals)** Bought by [Bristol-Myers Squibb](https://millionrounds.com/fund/bristol-myers-squibb) **$325M** Jul 2011

**[JustSpotted](https://millionrounds.com/company/justspotted)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Jul 2011

**[BioVex](https://millionrounds.com/company/biovex)** Bought by [Amgen](https://millionrounds.com/fund/amgen) **$1.0B** Jan 2011

**[Pictela, now ONE by AOL: Creative](https://millionrounds.com/company/pictela-now-one-by-aol-creative)** Bought by [AOL](https://millionrounds.com/fund/aol) **$20M** Dec 2010

**[Cloudkick](https://millionrounds.com/company/cloudkick)** Bought by [Rackspace](https://millionrounds.com/fund/rackspace) **Undisclosed** Dec 2010

**[Intercasting](https://millionrounds.com/company/intercasting)** Bought by [Good Technology](https://millionrounds.com/fund/good-technology) **Undisclosed** May 2009

**[Inogen](https://millionrounds.com/company/inogen)** Listed **$86M** Dec 2008

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$117M**

raised in Sept 2016

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A

Median round joined **$16M** the round, not its cheque Alone, median **$3.3M**

Led 0 of 124 rounds **0%**

- **Sole investor:** 19 rounds
- **Last cheque:** Jul 2019
- **Exits:** 19 from the portfolio

Rounds by stage said on their site

- Series A said *50*
- Series B *33*
- Venture *10*
- Series C *9*
- Seed said *9*
- Series D *7*

Cheques by year Led Joined

2003 2019

Often in the room with

- [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) 11
- [Foundry Group](https://millionrounds.com/fund/foundry) 8
- [Correlation Ventures](https://millionrounds.com/fund/correlation-ventures) 7
- [Domain Associates](https://millionrounds.com/fund/domain-associates) 5
- [Nexus Venture Partners](https://millionrounds.com/fund/nexus-venture-partners) 5
- [Warner Media](https://millionrounds.com/fund/warner-media) 5

**Pitching Avalon Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Avalon Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Union Square Ventures** VC firm **11** rounds together](https://millionrounds.com/fund/union-square-ventures)[**Foundry Group** VC firm **8** rounds together](https://millionrounds.com/fund/foundry)[**Correlation Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/correlation-ventures)[**Domain Associates** VC firm **5** rounds together](https://millionrounds.com/fund/domain-associates)[**Nexus Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/nexus-venture-partners)[**Warner Media** VC firm **5** rounds together](https://millionrounds.com/fund/warner-media)[**Dave Morgan** VC firm **4** rounds together](https://millionrounds.com/fund/dave-morgan)[**FirstMark** VC firm **4** rounds together](https://millionrounds.com/fund/firstmark)[**Forward Ventures** Accelerator **4** rounds together](https://millionrounds.com/fund/forward-ventures)[**MPM Capital** Private equity **4** rounds together](https://millionrounds.com/fund/mpm-bioimpact)[**MV Partners** VC firm **4** rounds together](https://millionrounds.com/fund/mv-partners)[**SV Angel** VC firm **4** rounds together](https://millionrounds.com/fund/sv-angel)

## Recently backed

The latest companies Avalon Ventures put money into.

[**Averon** $8.3M · Oct 2017](https://millionrounds.com/company/averon)[**AristaMD** $11M · Jul 2016](https://millionrounds.com/company/aristamd)

## Quick answers about Avalon Ventures

### What does Avalon Ventures invest in?

Avalon Ventures invests most often at Series A and Series B (70% of the rounds on record), in sectors such as Life Science and Information Technology.

### How active is Avalon Ventures?

124 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2019.

### What has Avalon Ventures invested in recently?

Its most recent investments on record: Node (Undisclosed round, Jul 2019), Averon (Series A, Oct 2017) and Fortis Therapeutics (Series A, Sept 2016).

### How big are Avalon Ventures's cheques?

The median round it joins is $16M.

### Does Avalon Ventures lead rounds?

Rarely, if at all: none of its 124 investments on record names it as the lead.

### Where does Avalon Ventures invest?

Most of the companies it backs are in the United States (100%).

### Is Avalon Ventures investing now?

No investments in the last 12 months; the latest was in Jul 2019.

### Who does Avalon Ventures invest alongside?

Most often Union Square Ventures (11 rounds together), Foundry Group (8 rounds together) and Correlation Ventures (7 rounds together).

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