# CoVenture: portfolio, investments and team

> CoVenture is a hedge fund based in United States. 10 investments on record, latest Jan 2019. Portfolio, stages, co-investors and team.

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

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

# CoVenture

Filed with the SEC to raise a fund in Jan 2024, closing $442M. Last cheque observed Jan 2019.

Quiet New fund $442M, Jan 2024 Hedge fund

Seed Series A Series B Aggregator Music Video

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 10 on record

Since the last cheque **2826** days **00** hrs **00** min **00** sec

Median round **$7.3M** Rounds led **0 of 10** Sole investor **1 rounds** Mostly in **United States, 88%**

Pitch CoVenture

## CoVenture highlights

- 01 10 rounds on record
- 02 Mostly Seed and Debt: 71% of its rounds
- 03 Sole investor in 1 rounds, median $103M

## What they do

> Filed 1 private fund offering with the SEC, the most recent in 2018-10 From their own website

- **Type:** Hedge fund (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B
- **Sectors:** Aggregator Music Video
- **Based in:** New York, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **10 appearances**

- **2019** 1 round
- **Jan** **[Returnly](https://millionrounds.com/company/returnly)** Series A · US · Businesswire **$8.0M** With 2 others
- **2018** 4 rounds
- **Nov** **[Clearbanc](https://millionrounds.com/company/clearbanc)** CA · FinSMEs **$70M** With 11 others
- **Oct** **[ProducePay](https://millionrounds.com/company/producepay)** Series B · US · FinSMEs **$14M** With 6 others
- **Feb** **[TeamPay](https://millionrounds.com/company/teampay)** Seed · US · FinSMEs **$4.0M** With 2 others
- **Feb** **[SecFi](https://millionrounds.com/company/secfi)** Seed · US · FinSMEs **$1.0M** With 2 others
- **2017** 3 rounds
- **Oct** **[Finova Financial](https://millionrounds.com/company/finova-financial)** Debt · US · FinSMEs **$103M** Sole investor
- **Sept** **[ExecThread](https://millionrounds.com/company/execthread)** US · FinSMEs **$6.5M** With 3 others
- **Jul** **[Vidcode](https://millionrounds.com/company/vidcode)** Seed · US · TechCrunch **$1.5M** With 7 others
- **2016** 2 rounds
- **Oct** **[KidPass](https://millionrounds.com/company/kidpass)** Seed · FinSMEs **$1.2M** With 2 others
- **Apr** **[Finova Financial](https://millionrounds.com/company/finova-financial)** **$53M** With 7 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 **9 named**

AH **Ali Hamed** Executive Officer, Promoter i Filing they signed

EO **Elizabeth Ostrander** Executive Officer i Filing they signed

JA **Jamil Anwar** Executive Officer i Filing they signed

JG **Jamil Goheer** Executive Officer i Filing they signed

JR **Jesse Richmand** Promoter i Filing they signed

KM **Khurram Mir** Executive Officer i Filing they signed

MP **Marc Porzecanski** Promoter i Filing they signed

MB **Michael Beller** Executive Officer i Filing they signed

TB **Thatcher Bell** Executive Officer i Filing they signed

We also hold **21** 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.

New fund on file

**$442M**

raised in Jan 2024

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

## The cheque

Seed Series A Series B

Median round joined **$7.3M** the round, not its cheque Alone, median **$103M**

Led 0 of 10 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Jan 2019

Rounds by stage said on their site

- Seed said *4*
- Debt *1*
- Series A said *1*
- Series B said *1*

Cheques by year Led Joined

2016 2019

Often in the room with

- [FJ Labs](https://millionrounds.com/fund/fj-labs) 3
- [Precursor Ventures](https://millionrounds.com/fund/precursor-ventures) 2
- [Social Leverage](https://millionrounds.com/fund/social-leverage) 2

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## Who they invest alongside

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

[**FJ Labs** VC firm **3** rounds together](https://millionrounds.com/fund/fj-labs)[**Precursor Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/precursor-ventures)[**Social Leverage** VC firm **2** rounds together](https://millionrounds.com/fund/social-leverage)

## Recently backed

The latest companies CoVenture put money into.

[**Returnly** $8.0M · Jan 2019](https://millionrounds.com/company/returnly)[**ProducePay** $14M · Oct 2018](https://millionrounds.com/company/producepay)[**SecFi** $1.0M · Feb 2018](https://millionrounds.com/company/secfi)[**Finova Financial** $103M · Oct 2017](https://millionrounds.com/company/finova-financial)[**ExecThread** $6.5M · Sept 2017](https://millionrounds.com/company/execthread)[**KidPass** $1.2M · Oct 2016](https://millionrounds.com/company/kidpass)

## Quick answers about CoVenture

### What does CoVenture invest in?

CoVenture invests most often at Seed and Debt (71% of the rounds on record), in sectors such as Aggregator, Music and Video.

### How active is CoVenture?

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

### What has CoVenture invested in recently?

Its most recent investments on record: Returnly (Series A, Jan 2019), Clearbanc (Undisclosed round, Nov 2018) and ProducePay (Series B, Oct 2018).

### How big are CoVenture's cheques?

The median round it joins is $7.3M.

### Does CoVenture lead rounds?

Rarely, if at all: none of its 10 investments on record names it as the lead.

### Where does CoVenture invest?

Most of the companies it backs are in the United States (88%) and Canada (13%).

### Is CoVenture investing now?

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

### Who does CoVenture invest alongside?

Most often FJ Labs (3 rounds together), Precursor Ventures (2 rounds together) and Social Leverage (2 rounds together).

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