# Black River Asset Management: portfolio, investments and team

> Black River Asset Management is a growth equity based in United States. 19 investments on record, latest Sept 2018. Portfolio, stages, co-investors and team.

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

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

# Black River Asset Management

Last cheque observed Sep 2018. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Growth equity Website unconfirmed

Series B Venture Debt Automotive Manufacturing

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 19 on record

Since the last cheque **2951** days **00** hrs **00** min **00** sec

Median round **$103M** Rounds led **0 of 19** Sole investor **1 rounds** Exits **9 from the portfolio** Mostly in **United States, 84%**

Pitch Black River Asset Management

## Black River Asset Management highlights

- 01 19 rounds on record
- 02 Mostly Series B and Venture: 61% of its rounds
- 03 Sole investor in 1 rounds, median $9.1M
- 04 9 exits from the portfolio

## What they do

- **Type:** Growth equity (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Automotive Manufacturing
- **Based in:** United States
- **Cold pitches:** Not stated

A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=black-river-asset-management).

## The record

Every round we can evidence, newest first **19 appearances**

- **2018** 1 round
- **Sept** **[SEBA](https://millionrounds.com/company/seba)** CH · Reuters **$103M** With 1 other
- **2010** 1 round
- **Jun** **[Virent Energy Systems](https://millionrounds.com/company/virent-energy-systems)** Series C · US · earth2tech.com **$46M** With 1 other
- **2009** 2 rounds
- **Sept** **[Alvine Pharmaceuticals](https://millionrounds.com/company/alvine-pharmaceuticals)** Series A · US · deals.venturebeat.com **$22M** With 5 others
- **Jul** **[Prometheus Energy](https://millionrounds.com/company/prometheus-energy)** Venture · US · newenergyworldnetwork.com **$20M** With 1 other
- **2008** 4 rounds
- **Jun** **[BrightSource Energy](https://millionrounds.com/company/brightsource-energy)** Series C · US · venturebeat.com **$115M** With 7 others
- **May** **[SunEdison](https://millionrounds.com/company/sunedison)** Debt · US · venturebeat.com **$30M** With 5 others
- **May** **[SunEdison](https://millionrounds.com/company/sunedison)** Series B · US · venturebeat.com **$131M** With 5 others
- **Jan** **[Sopogy](https://millionrounds.com/company/sopogy)** Series B · US **$9.1M** Sole investor
- **2007** 3 rounds
- **Aug** **[DemandTec](https://millionrounds.com/company/demandtec)** Debt · US · venturebeat.com **$6.0M** With 2 others
- **Jul** **[GuardianEdge Technologies](https://millionrounds.com/company/guardianedge-technologies)** Series B · US · guardianedge.com **$10M** With 4 others
- **Jul** **[GuardianEdge Technologies](https://millionrounds.com/company/guardianedge-technologies)** Debt · US · guardianedge.com **$3.5M** With 3 others
- **2006** 3 rounds
- **Aug** **[Microland](https://millionrounds.com/company/microland)** Venture · IN · microland.com **$11M** With 3 others
- **May** **[MarkMonitor](https://millionrounds.com/company/markmonitor)** Venture · US · www2.prnewswire.com **$12M** With 3 others
- **Feb** **[OB10](https://millionrounds.com/company/ob10)** Venture · GB · ob10.com **$10M** With 2 others
- **2005** 4 rounds
- **Sept** **[Teranode](https://millionrounds.com/company/teranode)** Series B · US · biospace.com **$9.5M** With 3 others
- **Jul** **[iCentera](https://millionrounds.com/company/icentera)** Series A · US · icentera.com **$1.5M** With 1 other
- **Mar** **[Sirtris Pharmaceuticals](https://millionrounds.com/company/sirtris-pharmaceuticals)** Series B · US · boston.bizjournals.com **$27M** With 8 others
- **Jan** **[Informance International](https://millionrounds.com/company/informance-international)** Series B · US **$6.0M** With 3 others
- **2004** 1 round
- **Jul** **[Intalio](https://millionrounds.com/company/intalio)** Series B · US · writer.zoho.com **$11M** With 6 others

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.

## Exits from the portfolio

Companies it backed that were later bought or listed **9 in all**

**[MarkMonitor](https://millionrounds.com/company/markmonitor)** Bought by [Thomson Reuters](https://millionrounds.com/fund/thomson-reuters-ventures) **Undisclosed** Jul 2012

**[DemandTec](https://millionrounds.com/company/demandtec)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **$440M** Dec 2011

**[iCentera](https://millionrounds.com/company/icentera)** Bought by CallidusCloud **Undisclosed** Jul 2011

**[BrightSource Energy](https://millionrounds.com/company/brightsource-energy)** Listed **Undisclosed** Apr 2011

**[DemandTec](https://millionrounds.com/company/demandtec)** Listed **Undisclosed** Feb 2011

**[GuardianEdge Technologies](https://millionrounds.com/company/guardianedge-technologies)** Bought by Symantec **$70M** Apr 2010

**[SunEdison](https://millionrounds.com/company/sunedison)** Bought by [MEMC Electronic Materials](https://millionrounds.com/fund/memc-electronic-materials) **$200M** Oct 2009

**[Informance International](https://millionrounds.com/company/informance-international)** Bought by [CDC Software](https://millionrounds.com/fund/cdc-software) **Undisclosed** May 2009

**[Sirtris Pharmaceuticals](https://millionrounds.com/company/sirtris-pharmaceuticals)** Bought by [GlaxoSmithKline](https://millionrounds.com/fund/glaxosmithkline) **$720M** Apr 2008

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

## The cheque

Series B Venture Debt

Median round joined **$103M** the round, not its cheque Alone, median **$9.1M**

Led 0 of 19 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Sept 2018
- **Exits:** 9 from the portfolio

Rounds by stage said on their site

- Series B *7*
- Venture *4*
- Debt *3*
- Series A *2*
- Series C *2*

Cheques by year Led Joined

2004 2018

Often in the room with

- [Altos Ventures](https://millionrounds.com/fund/altos-ventures) 3
- [Cargill Ventures](https://millionrounds.com/fund/cargill-ventures) 3
- [Allco Renewable Energy](https://millionrounds.com/fund/allco-renewable-energy) 2
- [Applied Ventures](https://millionrounds.com/fund/applied-ventures) 2
- [Cardinal Venture Capital](https://millionrounds.com/fund/cardinal-venture-capital) 2
- [Greylock](https://millionrounds.com/fund/greylock-partners) 2

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## Who they invest alongside

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

[**Altos Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/altos-ventures)[**Cargill Ventures** Corporate VC **3** rounds together](https://millionrounds.com/fund/cargill-ventures)[**Allco Renewable Energy** Growth equity **2** rounds together](https://millionrounds.com/fund/allco-renewable-energy)[**Applied Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/applied-ventures)[**Cardinal Venture Capital** VC firm **2** rounds together](https://millionrounds.com/fund/cardinal-venture-capital)[**Greylock** VC firm **2** rounds together](https://millionrounds.com/fund/greylock-partners)[**HSH Nordbank** Growth equity **2** rounds together](https://millionrounds.com/fund/hsh-nordbank)[**MissionPoint Capital Partners** VC firm **2** rounds together](https://millionrounds.com/fund/missionpoint-partners)[**Thomvest Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/thomvest)[**Trident Capital** VC firm **2** rounds together](https://millionrounds.com/fund/trident-capital)

## Mentioned on podcasts

Episodes that name Black River Asset Management in their description, not their title.

- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 21 Sept 2018 · 32 min 20VC: How To Build Credibility with Investors, Employees and Customers, How To Determine When A Stretch VP is A Stretch Too Far and The Right Way For Founders To Think About Dilution with Amol Deshpande, Founder & CEO @ Farmers Business Network With [Amol Deshpande](https://millionrounds.com/person/amol-deshpande) Mentions [Black River Asset Management](https://millionrounds.com/fund/black-river-asset-management)[Kleiner Perkins](https://millionrounds.com/fund/kleiner-perkins)[Peter Thiel](https://millionrounds.com/fund/peter-thiel) Apple PodcastsShow page

## Quick answers about Black River Asset Management

### What does Black River Asset Management invest in?

Black River Asset Management invests most often at Series B and Venture (61% of the rounds on record), in sectors such as Automotive and Manufacturing.

### How active is Black River Asset Management?

19 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2018.

### What has Black River Asset Management invested in recently?

Its most recent investments on record: SEBA (Undisclosed round, Sept 2018).

### How big are Black River Asset Management's cheques?

The median round it joins is $103M.

### Does Black River Asset Management lead rounds?

Rarely, if at all: none of its 19 investments on record names it as the lead.

### Where does Black River Asset Management invest?

Most of the companies it backs are in the United States (84%), Switzerland (5%) and India (5%).

### Is Black River Asset Management investing now?

No investments in the last 12 months; the latest was in Sept 2018.

### Who does Black River Asset Management invest alongside?

Most often Altos Ventures (3 rounds together), Cargill Ventures (3 rounds together) and Allco Renewable Energy (2 rounds together).

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