United States · Investor

Illuminate Ventures

Filed with the SEC to raise a fund in Aug 2024, closing $21M. Last cheque observed Oct 2019.

QuietNew fund $21M, Aug 2024VC firm

SeedSeries AEnterpriseComputer VisionSaaS

Cheques on record
0%of best year0cheques in 12 months, 38 on record
Since the last cheque2580days00hrs00min00sec
Median round$7.2MCheque size, as they say$1.0M – $1.5MRounds led2 of 38Sole investor3 roundsExits4 from the portfolioMostly inUnited States, 84%
Pitch Illuminate Ventures

Illuminate Ventures highlights

  1. 01

    38 rounds on record

  2. 02

    Mostly Series A and Seed: 65% of its rounds

  3. 03

    Sole investor in 3 rounds, median $11M

  4. 04

    4 exits from the portfolio

What they do

Illuminate Ventures leads Series Seed investments, bringing resources to bear that are designed to help transform startups into market leaders.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$1.0M – $1.5M as they say
Stages
SeedSeries A
Sectors
EnterpriseComputer VisionSaaS
Based in
Piedmont, United States
Cold pitches
Accepted

The record

Every round we can evidence, newest first38 appearances

  1. 2019

    4 rounds

  2. Oct
    ContentstackSeries A · US · FinSMEs$32MWith 2 others
  3. Jul
    PyzeUS · YourStory$4.6MLed
  4. May
    JetStreamSeries A · US · FinSMEs$7.7MWith 2 others
  5. Mar
    Bid OpsSeed · US · FinSMEs$1.8MLed
  6. 2018

    2 rounds

  7. Jun
    Bedrock AnalyticsUS · FinSMEs$7.2MWith 1 other
  8. Apr
    CloudMarginGB · FinSMEs$10MWith 3 others
  9. 2017

    1 round

  10. Sept
    dv01Series A · US · FinSMEs$5.5MWith 4 others
  11. 2015

    5 rounds

  12. Dec
    AllocadiaSeries B$17MWith 7 others
  13. Jul
    YozioSeries A · US$7.0MWith 5 others
  14. Jul
    Bedrock AnalyticsSeed · USUndisclosedWith 1 other
  15. May
    Bedrock AnalyticsUSUndisclosedSole investor
  16. Mar
    CafeX CommunicationsSeries B · US$21MWith 2 others
  17. 2014

    10 rounds

  18. Dec
    CoupangGrowth · KR$300MWith 4 others
  19. Dec
    Xactly CorpSeries F · US$12MWith 1 other
  20. Oct
    Sense PlatformSeed · US$1.1MWith 2 others
  21. Jul
    PeerlystSeed · US$3.0MWith 3 others
  22. Jun
    AllocadiaSeries A · CA$6.4MWith 2 others
  23. May
    CoupangVenture · KR$100MWith 7 others
  24. May
    CafeX CommunicationsSeries A · US$11MSole investor
  25. Apr
    ChannelEyesSeed · USUndisclosedWith 1 other
  26. Mar
    PeerlystUSUndisclosedSole investor
  27. Feb
    HooplaSeries B · US$8.0MWith 2 others
  28. 2013

    2 rounds

  29. Jun
    OpsmaticSeed · US$3.0MWith 8 others
  30. Jun
    BrightEdgeSeries D · US · techcrunch.com$43MWith 4 others
  31. 2012

    5 rounds

  32. Dec
    InfluitiveSeries A · CA · techcrunch.com$7.3MWith 8 others
  33. Sept
    YozioSeed · USUndisclosedWith 4 others
  34. Aug
    InfluitiveSeed · CA · altassets.net$3.8MWith 10 others
  35. Jun
    HooplaSeries A · US · benzinga.com$2.8MWith 2 others
  36. Mar
    BrightEdgeSeries C · US · techcrunch.com$13MWith 3 others
  37. 2011

    1 round

  38. Jan
    CalmSeaUSUndisclosedWith 1 other
  39. 2010

    2 rounds

  40. Jul
    Xactly CorpSeries E · US · deals.venturebeat.com$7.5MWith 5 others
  41. Mar
    BrightEdgeSeries B · US · deals.venturebeat.com$6.5MWith 2 others
  42. 2009

    2 rounds

  43. Jul
    Red ArilUS · redaril.comUndisclosedWith 2 others
  44. May
    Wild PocketsUS · wildpockets.comUndisclosedWith 1 other
  45. 2008

    2 rounds

  46. Aug
    BrightEdgeSeries A · USUndisclosedWith 1 other
  47. Apr
    Xactly CorpSeries D · US · venturebeat.com$30MWith 6 others
  48. 2007

    1 round

  49. Apr
    Xactly CorpSeries C · US · venturebeat.com$15MWith 5 others
  50. 2006

    1 round

  51. Mar
    Xactly CorpSeries B · US · xactlycorp.com$8.0MWith 4 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 registration2 named

CBCynthia Beth PadnosManaging Member of the General PartneriFiling they signed
JSJennifer SavageManaging Member of the General PartneriFiling they signed

We also hold 4 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

$102Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Illuminate Management, L.L.C.
SEC number
CRD 160469

What they claim to have backed

From their own portfolio page (on their website)

0 of 1 we have independently watched raise

Sydney

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed4 in all

OpsmaticBought by New RelicUndisclosedNov 2015
CalmSeaBought by CoupangUndisclosedMay 2014
Red ArilBought by iCrossingUndisclosedDec 2011
Wild PocketsBought by AutodeskUndisclosedDec 2010

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

Who they invest alongside

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

Recently backed

The latest companies Illuminate Ventures put money into.

On podcasts

1 episode naming Illuminate Ventures in the title.

Quick answers about Illuminate Ventures

What does Illuminate Ventures invest in?

Illuminate Ventures invests most often at Series A and Seed (65% of the rounds on record), in sectors such as Enterprise, Computer Vision and SaaS.

How active is Illuminate Ventures?

38 investments on record, 0 of them in the last 12 months, and it led 2. The most recent was in Oct 2019.

What has Illuminate Ventures invested in recently?

Its most recent investments on record: Contentstack (Series A, Oct 2019), Pyze (Undisclosed round, Jul 2019) and JetStream (Series A, May 2019).

How big are Illuminate Ventures's cheques?

The median round it joins is $7.2M. It says it writes cheques of $1.0M to $1.5M.

Does Illuminate Ventures lead rounds?

Sometimes: it led 2 of its 38 investments on record (5%).

Where does Illuminate Ventures invest?

Most of the companies it backs are in the United States (84%), Canada (8%) and South Korea (5%).

Is Illuminate Ventures investing now?

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

Who does Illuminate Ventures invest alongside?

Most often Altos Ventures (7 rounds together), Bay Partners (4 rounds together) and Luminate (4 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it