# Garmin: portfolio, investments and team

> Garmin is a corporate vc based in United States. 2 investments on record, latest Mar 2006. Portfolio, stages, co-investors and team.

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

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

# Garmin

Last cheque observed Mar 2006. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

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Quiet Corporate VC

Series B Series C Industrial Information Services Consumer Electronics

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 2 on record

Since the last cheque **7515** days **00** hrs **00** min **00** sec

Median round **$7.5M** Rounds led **0 of 2** Exits **1 from the portfolio**

Pitch Garmin

## Garmin highlights

- 01 2 rounds on record
- 02 Mostly Series B and Series C: 100% of its rounds
- 03 1 exits from the portfolio

## What they do

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Industrial Information Services Consumer Electronics
- **Based in:** Olathe, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **2 appearances**

- **2006** 1 round
- **Mar** **[Networks in Motion](https://millionrounds.com/company/networks-in-motion)** Series C · US · gpsworld.com **$10M** With 5 others
- **2004** 1 round
- **Oct** **[Networks in Motion](https://millionrounds.com/company/networks-in-motion)** Series B · US **$5.0M** With 3 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

We hold **2** 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 **1 in all**

**[Networks in Motion](https://millionrounds.com/company/networks-in-motion)** Bought by TeleCommunication Systems **$170M** Dec 2009

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

## Companies it bought

Acquisitions by the firm itself

**Navigon** **$72M** Jun 2011

**MetriGear** **Undisclosed** Sept 2010

## The cheque

Series B Series C

Median round joined **$7.5M** the round, not its cheque

Led 0 of 2 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Mar 2006
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series B *1*
- Series C *1*

Cheques by year Led Joined

2004 2006

Often in the room with

- [Mission Ventures](https://millionrounds.com/fund/mission-ventures) 2
- [Redpoint](https://millionrounds.com/fund/redpoint) 2
- [Verizon Ventures](https://millionrounds.com/fund/verizon-ventures) 2

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## Who they invest alongside

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

[**Mission Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/mission-ventures)[**Redpoint** VC firm **2** rounds together](https://millionrounds.com/fund/redpoint)[**Verizon Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/verizon-ventures)

## Quick answers about Garmin

### What does Garmin invest in?

Garmin invests most often at Series B and Series C (100% of the rounds on record), in sectors such as Industrial, Information Services and Consumer Electronics.

### How active is Garmin?

2 investments on record, 0 of them in the last 12 months. The most recent was in Mar 2006.

### How big are Garmin's cheques?

The median round it joins is $7.5M.

### Is Garmin investing now?

No investments in the last 12 months; the latest was in Mar 2006.

### Who does Garmin invest alongside?

Most often Mission Ventures (2 rounds together), Redpoint (2 rounds together) and Verizon Ventures (2 rounds together).

### What kind of investor is Garmin?

Garmin is a corporate VC based in Olathe, United States.

### When was Garmin founded?

Garmin was founded in 1989.

### Where does this information on Garmin come from?

From 1 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=garmin) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=garmin)
