# Correlation Ventures: portfolio, investments and team

> Correlation Ventures is a vc firm based in United States. 394 investments on record, 20 in the last 12 months, latest Sept 2026.

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

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

# Correlation Ventures

Last cheque observed Sep 2026; 394 cheques on record.

Email

Deploying now New fund $121M, Oct 2022 VC firm

Pre-seed Seed Series A Advertising (AdTech) Big Data & Analytics Blockchain

Follow Correlation Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcorrelation-ventures)

Deploying now

**42%** of best year **20** **cheques in 12 months**, 394 on record

Since the last cheque **60** days **00** hrs **00** min **00** sec

Median round **$9.0M** Cheque size, as they say **$100K – $4.0M** Rounds led **0 of 394** Sole investor **11 rounds** Exits **6 from the portfolio** Mostly in **United States, 97%**

Pitch Correlation Ventures

## Correlation Ventures highlights

- 01 20 cheques in the last 12 months
- 02 Mostly Series A and Seed: 57% of its rounds
- 03 Sole investor in 11 rounds, median $5.0M
- 04 6 exits from the portfolio

## What they do

> Investment decisions within days. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $100K – $4.0M as they say
- **Stages:** Pre-seed Seed Series A Series B Growth
- **Sectors:** Advertising (AdTech) Big Data & Analytics Blockchain
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **394 appearances**

- **2026** 16 rounds
- **Sept** **[Birdstop](https://millionrounds.com/company/birdstop)** Grant · US **$4.6M** With 3 others
- **Sept** **[Fambot](https://millionrounds.com/company/fambot)** Pre-seed · US · NextView Ventures **$3.5M** With 5 others
- **Sept** **[Autopoiesis Sciences](https://millionrounds.com/company/autopoiesis-sciences)** Seed · US **$11M** With 2 others
- **Sept** **[Sequen](https://millionrounds.com/company/sequen)** Series B · US **$90M** With 4 others
- **Aug** **[CYBERA](https://millionrounds.com/company/cybera)** US · AlleyWatch **$2.5M** With 4 others
- **Aug** **[Bridge](https://millionrounds.com/company/bridge)** Growth · US **$500M** With 3 others
- **Apr** **[Nervonik Inc.](https://millionrounds.com/company/nervonik-inc)** Series B · US · Ventureburn **$53M** With 6 others
- **Apr** **[Windmill](https://millionrounds.com/company/windmill)** Venture · US **$12M** With 3 others
- **Mar** **[Blossom Health](https://millionrounds.com/company/blossom-health)** Series A · US · AlleyWatch **$20M** With 4 others
- **Mar** **[Adonis](https://millionrounds.com/company/adonis)** Series C · US · Ventureburn **$40M** With 5 others
- **Mar** **[Sequen](https://millionrounds.com/company/sequen)** Series A · US · TechCrunch **$16M** With 4 others
- **Mar** **[Hamilton AI](https://millionrounds.com/company/hamilton-ai)** Seed · US **$7.5M** With 4 others
- **Mar** **[SkySelect](https://millionrounds.com/company/skyselect)** Venture · US **$9.0M** With 4 others
- **Feb** **[QuadSci](https://millionrounds.com/company/quadsci)** Series A · US · AlleyWatch **$8.0M** With 6 others
- **Feb** **[BizTrip AI](https://millionrounds.com/company/biztrip-ai)** Pre-seed · US **$1.5M** With 1 other
- **Jan** **[Entelligence AI](https://millionrounds.com/company/entelligence-ai)** Seed · US **$5.0M** With 1 other
- **2025** 39 rounds
- **Dec** **[Safire Technology Group](https://millionrounds.com/company/safire-technology-group)** Venture · US **$2.7M** With 2 others
- **Dec** **[Ridwell](https://millionrounds.com/company/ridwell)** Venture · US **$15M** With 3 others
- **Nov** **[Annexon Biosciences](https://millionrounds.com/company/annexon-biosciences)** US **$86M** With 4 others
- **Nov** **[Onramp](https://millionrounds.com/company/onramp)** Series A · US **$15M** With 4 others
- **Oct** **[Blossom Health](https://millionrounds.com/company/blossom-health)** Venture · US **$18M** Sole investor
- **Oct** **[Formic Technologies](https://millionrounds.com/company/formic-technologies)** Venture · US **$470K** With 4 others
- **Oct** **[HyperSpectral](https://millionrounds.com/company/hyperspectral)** Series A · US **$7.0M** With 1 other
- **Oct** **[OneAM](https://millionrounds.com/company/oneam)** Seed · US **$4.7M** With 1 other
- **Oct** **[AeroRx Therapeutics](https://millionrounds.com/company/aerorx-therapeutics)** Series A · US **$21M** With 1 other
- **Oct** **[AiPrise](https://millionrounds.com/company/aiprise)** Series A · US **$13M** With 4 others
- **Oct** **[Folia Health](https://millionrounds.com/company/folia-health)** Series A · US **$11M** With 4 others
- **Sept** **[Orchard Robotics](https://millionrounds.com/company/orchard-robotics)** Series A · US · TechCrunch **$22M** With 4 others
- **Sept** **[Neura Health](https://millionrounds.com/company/neura-health)** Series A · US **$11M** With 4 others
- **Sept** **[Argyle](https://millionrounds.com/company/argyle)** Venture · US **Undisclosed** With 3 others
- **Aug** **[Birdstop](https://millionrounds.com/company/birdstop)** Venture · US **$4.6M** With 3 others
- **Aug** **[Knock](https://millionrounds.com/company/knock)** Debt · US **$100M** With 5 others
- **Jun** **[Grifin](https://millionrounds.com/company/grifin)** Series A · TechCrunch **$11M** With 7 others
- **Jun** **[Anoki AI](https://millionrounds.com/company/anoki-ai)** Seed · US **$10M** With 2 others
- **May** **[Cartwheel](https://millionrounds.com/company/cartwheel)** Seed · US · AlleyWatch **$10M** With 4 others
- **May** **[Blok](https://millionrounds.com/company/blok)** Seed · FI **$7.5M** With 5 others
- **May** **[Trefoil Therapeutics](https://millionrounds.com/company/trefoil-therapeutics)** Venture · US **$4.6M** With 2 others
- **May** **[Arkestro](https://millionrounds.com/company/arkestro)** Series B · US **$36M** With 5 others
- **May** **[RightRev](https://millionrounds.com/company/rightrev)** Series A · US **$13M** With 3 others
- **May** **[Wunderite](https://millionrounds.com/company/wunderite)** Venture · US **$1.4M** With 2 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.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

AK **Anu K. Pathria** Executive Officer i Filing they signed

DE **David E. Coats** Executive Officer i Filing they signed

GF **Grace F. Chui-Miller** Executive Officer i Filing they signed

TF **Trevor F. Kienzle** Executive Officer 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.

## Exits from the portfolio

Companies it backed that were later bought or listed **6 in all**

**[tbh](https://millionrounds.com/company/tbh)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **Undisclosed** Oct 2017

**[Fundly](https://millionrounds.com/company/fundly)** Bought by NonProfitEasy **Undisclosed** Sept 2015

**[Concept.io](https://millionrounds.com/company/concept-io)** Bought by [Apple](https://millionrounds.com/fund/apple) **$30M** Jul 2014

**[InstaEDU](https://millionrounds.com/company/instaedu)** Bought by [Chegg](https://millionrounds.com/fund/chegg) **$30M** Jun 2014

**[Framehawk](https://millionrounds.com/company/framehawk)** Bought by [Citrix Systems](https://millionrounds.com/fund/citrix) **Undisclosed** Jan 2014

**[Virsto Software](https://millionrounds.com/company/virsto-software)** Bought by [VMware](https://millionrounds.com/fund/vmware) **Undisclosed** Feb 2013

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

New fund on file

**$121M**

raised in Oct 2022

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

## The cheque

Pre-seed Seed Series A

Median round joined **$9.0M** the round, not its cheque Alone, median **$5.0M**

Led 0 of 394 rounds **0%**

- **Said size:** $100K – $4.0M
- **Sole investor:** 11 rounds
- **Last cheque:** Sept 2026
- **Exits:** 6 from the portfolio

Rounds by stage said on their site

- Series A said *111*
- Seed said *93*
- Venture *72*
- Series B said *48*
- Series C *21*
- Pre-seed said *12*
- Growth said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 30
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 27
- [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 25
- [Crosslink Capital](https://millionrounds.com/fund/crosslink-capital) 23
- [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) 19
- [Founder Collective](https://millionrounds.com/fund/founder-collective) 15

**Pitching Correlation 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 Correlation Ventures. A count of rooms they were both in, not a relationship either has claimed.

[**Alumni Ventures** VC firm **30** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Y Combinator** Accelerator **27** rounds together](https://millionrounds.com/fund/y-combinator)[**New Enterprise Associates** VC firm **25** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Crosslink Capital** VC firm **23** rounds together](https://millionrounds.com/fund/crosslink-capital)[**Lerer Hippeau** VC firm **19** rounds together](https://millionrounds.com/fund/lerer-hippeau)[**Founder Collective** VC firm **15** rounds together](https://millionrounds.com/fund/founder-collective)[**ff Venture Capital** VC firm **15** rounds together](https://millionrounds.com/fund/ff-venture-capital)[**Gaingels** Private equity **14** rounds together](https://millionrounds.com/fund/gaingels)[**RRE Ventures** VC firm **13** rounds together](https://millionrounds.com/fund/rre-ventures)[**Techstars** VC firm **13** rounds together](https://millionrounds.com/fund/techstars)[**FJ Labs** VC firm **12** rounds together](https://millionrounds.com/fund/fj-labs)[**500 Global** Angel **11** rounds together](https://millionrounds.com/fund/500-startups)

## Recently backed

The latest companies Correlation Ventures put money into.

[**Birdstop** $4.6M · Sept 2026](https://millionrounds.com/company/birdstop)[**Fambot** $3.5M · Sept 2026](https://millionrounds.com/company/fambot)[**Autopoiesis Sciences** $11M · Sept 2026](https://millionrounds.com/company/autopoiesis-sciences)[**Sequen** $90M · Sept 2026](https://millionrounds.com/company/sequen)[**CYBERA** $2.5M · Aug 2026](https://millionrounds.com/company/cybera)[**Bridge** $500M · Aug 2026](https://millionrounds.com/company/bridge)

## Mentioned on podcasts

Episodes that name Correlation Ventures in their description, not their title.

- [Angel Insights](https://millionrounds.com/podcasts/angel-insights) 18 Feb 2016 · 24 min How Investors Should Approach Accelerator Alumni With Sean Black, Founding Team @ Trulia Mentions [Sean Black](https://millionrounds.com/fund/sean-black)[Correlation Ventures](https://millionrounds.com/fund/correlation-ventures)[Techstars](https://millionrounds.com/fund/techstars) Apple PodcastsShow page

## Quick answers about Correlation Ventures

### What does Correlation Ventures invest in?

Correlation Ventures invests most often at Series A and Seed (57% of the rounds on record), in sectors such as Advertising (AdTech), Big Data & Analytics and Blockchain.

### How active is Correlation Ventures?

394 investments on record, 20 of them in the last 12 months. The most recent was in Sept 2026.

### What has Correlation Ventures invested in recently?

Its most recent investments on record: Birdstop (Grant, Sept 2026), Fambot (Pre-seed, Sept 2026) and Autopoiesis Sciences (Seed, Sept 2026).

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

The median round it joins is $9.0M. It says it writes cheques of $100K to $4.0M.

### Does Correlation Ventures lead rounds?

Rarely, if at all: none of its 394 investments on record names it as the lead.

### Where does Correlation Ventures invest?

Most of the companies it backs are in the United States (97%).

### Is Correlation Ventures investing now?

Yes: it is actively investing, with 20 investments in the last 12 months.

### Who does Correlation Ventures invest alongside?

Most often Alumni Ventures (30 rounds together), Y Combinator (27 rounds together) and New Enterprise Associates (25 rounds together).

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