# Subtraction Capital: portfolio, investments and team

> Subtraction Capital is a vc firm. 39 investments on record, latest Sept 2015. Portfolio, stages, co-investors and team.

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

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

# Subtraction Capital

Last cheque observed Sep 2015. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet New fund, Apr 2013 VC firm

Seed Series A Venture

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 39 on record

Since the last cheque **4044** days **00** hrs **00** min **00** sec

Median round **$3.0M** Rounds led **0 of 39** Sole investor **9 rounds** Exits **4 from the portfolio** Mostly in **United States, 100%**

Pitch Subtraction Capital

## Subtraction Capital highlights

- 01 39 rounds on record
- 02 Mostly Seed and Series A: 69% of its rounds
- 03 Sole investor in 9 rounds, median $1.5M
- 04 4 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **39 appearances**

- **2015** 9 rounds
- **Sept** **[Molio Inc.](https://millionrounds.com/company/molio-inc)** Debt · US **$1.0M** With 5 others
- **Sept** **[Blyncsy](https://millionrounds.com/company/blyncsy)** US **Undisclosed** Sole investor
- **Aug** **[eShares](https://millionrounds.com/company/eshares)** Series B · US **$17M** With 6 others
- **Aug** **[PokitDok](https://millionrounds.com/company/pokitdok)** Series B · US **$34M** With 6 others
- **Apr** **[MX Technologies](https://millionrounds.com/company/mx-technologies)** Series A · US **$30M** With 5 others
- **Mar** **[Quid](https://millionrounds.com/company/quid)** Series D · US **$39M** With 6 others
- **Feb** **[ChefsFeed](https://millionrounds.com/company/chefsfeed)** Series A · US **$5.0M** With 3 others
- **Feb** **[Molio Inc.](https://millionrounds.com/company/molio-inc)** Series A · US **$3.0M** With 5 others
- **Jan** **[eShares](https://millionrounds.com/company/eshares)** Series A · US **$7.0M** With 6 others
- **2014** 11 rounds
- **Dec** **[3dplusme](https://millionrounds.com/company/3dplusme)** Seed · US **$1.8M** Sole investor
- **Dec** **[LookSharp (powering InternMatch)](https://millionrounds.com/company/looksharp-powering-internmatch)** US **$1.8M** Sole investor
- **Oct** **[Outbound.io](https://millionrounds.com/company/outbound-io)** Seed · US **$400K** With 5 others
- **Sept** **[Leeo](https://millionrounds.com/company/leeo)** Series A · US **$37M** With 6 others
- **Aug** **[Wearable Intelligence](https://millionrounds.com/company/wearable-intelligence)** Venture · US **$7.9M** With 9 others
- **Aug** **[PokitDok](https://millionrounds.com/company/pokitdok)** Debt · US **$6.6M** With 4 others
- **Aug** **[Collective Health](https://millionrounds.com/company/collective-health)** Series B · US **$38M** With 6 others
- **Apr** **[3dplusme](https://millionrounds.com/company/3dplusme)** Venture · US **$200K** Sole investor
- **Mar** **[Chargeback](https://millionrounds.com/company/chargeback)** Venture · US **$1.2M** Sole investor
- **Jan** **[Yiftee, Inc.](https://millionrounds.com/company/yiftee-inc)** Series A · US **$3.0M** With 5 others
- **Jan** **[Prompt.ly](https://millionrounds.com/company/prompt-ly)** Seed · US · techcrunch.com **$1.5M** With 9 others
- **2013** 15 rounds
- **Dec** **[HealthLoop](https://millionrounds.com/company/healthloop)** Series A · US · finsmes.com **$10M** With 2 others
- **Nov** **[CapLinked](https://millionrounds.com/company/caplinked)** US · finsmes.com **$1.0M** With 8 others
- **Sept** **[Medlert](https://millionrounds.com/company/medlert)** Seed · US · sec.gov **$1.1M** With 1 other
- **Aug** **[Trusted Insight](https://millionrounds.com/company/trusted-insight)** US · prlog.org **$3.2M** With 10 others
- **Aug** **[eShares](https://millionrounds.com/company/eshares)** Seed · US · techcrunch.com **$1.8M** With 11 others
- **Jul** **[ZestFinance](https://millionrounds.com/company/zestfinance)** Series C · US · techcrunch.com **$20M** With 6 others
- **Jun** **[Propeller](https://millionrounds.com/company/propeller)** Seed · US · techcrunch.com **$1.3M** With 13 others
- **Jun** **[PokitDok](https://millionrounds.com/company/pokitdok)** Series A · US · finsmes.com **$4.0M** With 4 others
- **Jun** **[LookSharp (powering InternMatch)](https://millionrounds.com/company/looksharp-powering-internmatch)** Series A · US · techcrunch.com **$4.0M** With 4 others
- **May** **[Synata](https://millionrounds.com/company/synata)** US **Undisclosed** Sole investor
- **May** **[OwnerListens](https://millionrounds.com/company/ownerlistens)** Seed · US · techcrunch.com **$1.1M** With 4 others
- **Mar** **[RoboteX](https://millionrounds.com/company/robotex)** Debt · US · sec.gov **$2.1M** Sole investor
- **Mar** **[Medlert](https://millionrounds.com/company/medlert)** Seed · US · sec.gov **$175K** Sole investor
- **Feb** **[Posmetrics](https://millionrounds.com/company/posmetrics)** Seed · US **Undisclosed** With 1 other
- **Jan** **[Bloodhound](https://millionrounds.com/company/bloodhound)** Series A · US · techcrunch.com **$4.3M** With 2 others
- **2012** 2 rounds
- **Jul** **[Space Monkey](https://millionrounds.com/company/space-monkey)** Seed · US · techcrunch.com **$2.3M** With 4 others
- **Jan** **[Medlert](https://millionrounds.com/company/medlert)** Seed · US **Undisclosed** Sole investor
- **2011** 2 rounds
- **Aug** **[Bloodhound](https://millionrounds.com/company/bloodhound)** Seed · US · techcrunch.com **$250K** With 4 others
- **Feb** **[Orabrush](https://millionrounds.com/company/orabrush)** Venture · US · techcrunch.com **$2.5M** With 1 other

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 **1 named**

JP **Jason Portnoy** Manager of the General Partner i Filing they signed

## Exits from the portfolio

Companies it backed that were later bought or listed **4 in all**

**[Orabrush](https://millionrounds.com/company/orabrush)** Bought by DenTek Oral Care **Undisclosed** Mar 2015

**[Space Monkey](https://millionrounds.com/company/space-monkey)** Bought by [Vivint](https://millionrounds.com/fund/vivint) **Undisclosed** Aug 2014

**[Propeller](https://millionrounds.com/company/propeller)** Bought by [Palantir Technologies](https://millionrounds.com/fund/palantir-technologies) **Undisclosed** Jul 2014

**[Posmetrics](https://millionrounds.com/company/posmetrics)** Bought by Revinate **Undisclosed** Aug 2013

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

New fund on file

**Raised**

a new fund in Apr 2013

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

## The cheque

Seed Series A Venture

Median round joined **$3.0M** the round, not its cheque Alone, median **$1.5M**

Led 0 of 39 rounds **0%**

- **Sole investor:** 9 rounds
- **Last cheque:** Sept 2015
- **Exits:** 4 from the portfolio

Rounds by stage said on their site

- Seed *12*
- Series A *10*
- Venture *4*
- Series B *3*
- Debt *3*

Cheques by year Led Joined

2011 2015

Often in the room with

- [Founders Fund](https://millionrounds.com/fund/founders-fund) 5
- [500 Global](https://millionrounds.com/fund/500-startups) 4
- [Artis Ventures (AV)](https://millionrounds.com/fund/artis-ventures-av) 3
- [Expansion Venture Capital](https://millionrounds.com/fund/expansion-venture-capital) 3
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 3
- [Rogers Venture Partners](https://millionrounds.com/fund/rogers-venture-partners) 3

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## Who they invest alongside

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

[**Founders Fund** VC firm **5** rounds together](https://millionrounds.com/fund/founders-fund)[**500 Global** Angel **4** rounds together](https://millionrounds.com/fund/500-startups)[**Artis Ventures (AV)** VC firm **3** rounds together](https://millionrounds.com/fund/artis-ventures-av)[**Expansion Venture Capital** VC firm **3** rounds together](https://millionrounds.com/fund/expansion-venture-capital)[**Lightspeed Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**Rogers Venture Partners** Corporate VC **3** rounds together](https://millionrounds.com/fund/rogers-venture-partners)[**Scott Banister** Angel **3** rounds together](https://millionrounds.com/fund/scott-banister)[**True Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/true-ventures-2)[**Advancit Capital** VC firm **2** rounds together](https://millionrounds.com/fund/advancit-capital)[**Andreessen Horowitz** VC firm **2** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Cambia Health Solutions** Corporate VC **2** rounds together](https://millionrounds.com/fund/cambia-health-solutions)[**Commerce Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/commerce-ventures)

## Quick answers about Subtraction Capital

### What does Subtraction Capital invest in?

Subtraction Capital invests most often at Seed and Series A (69% of the rounds on record).

### How active is Subtraction Capital?

39 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2015.

### How big are Subtraction Capital's cheques?

The median round it joins is $3.0M.

### Does Subtraction Capital lead rounds?

Rarely, if at all: none of its 39 investments on record names it as the lead.

### Where does Subtraction Capital invest?

Most of the companies it backs are in the United States (100%).

### Is Subtraction Capital investing now?

No investments in the last 12 months; the latest was in Sept 2015.

### Who does Subtraction Capital invest alongside?

Most often Founders Fund (5 rounds together), 500 Global (4 rounds together) and Artis Ventures (AV) (3 rounds together).

### What kind of investor is Subtraction Capital?

Subtraction Capital is a VC firm.

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