# Summit Action: portfolio, investments and team > Summit Action is a vc firm based in United States. 10 investments on record, latest Sept 2019. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/summit-action (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Summit Action Last cheque observed Sep 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Quiet New fund $10M, Nov 2021 VC firm Seed Series A Series B Communities Community Cheques on record **0%** of best year **0** **cheques in 12 months**, 10 on record Since the last cheque **2590** days **00** hrs **00** min **00** sec Median round **$26M** Rounds led **0 of 10** Sole investor **1 rounds** Exits **1 from the portfolio** Mostly in **United States, 90%** Pitch Summit Action ## Summit Action highlights - 01 10 rounds on record - 02 Mostly Seed and Series B: 60% of its rounds - 03 Sole investor in 1 rounds, median $500K - 04 1 exits from the portfolio ## What they do - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Seed Series A Series B Growth - **Sectors:** Communities Community - **Based in:** New York, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **10 appearances** - **2019** 1 round - **Sept** **[Ometria](https://millionrounds.com/company/ometria)** Series B · GB · TechCrunch **$21M** With 4 others - **2017** 1 round - **Apr** **[MakeSpace](https://millionrounds.com/company/makespace)** Series C · US · FinSMEs **$30M** With 2 others - **2013** 3 rounds - **Dec** **[Karma](https://millionrounds.com/company/karma)** Seed · US **$2.2M** With 3 others - **Jul** **[Soma](https://millionrounds.com/company/soma)** Seed · US · techcrunch.com **$3.7M** With 11 others - **May** **[Change.org](https://millionrounds.com/company/change-org)** Series B · US **$15M** With 7 others - **2011** 4 rounds - **Dec** **[Uber](https://millionrounds.com/company/uber)** Series B · US · techcrunch.com **$37M** With 11 others - **Mar** **[Basis Science](https://millionrounds.com/company/basis-science)** Series A · US · pulse2.com **$9.0M** With 2 others - **Jan** **[Scribd](https://millionrounds.com/company/scribd)** Series C · US · paidcontent.org **$13M** With 4 others - **Jan** **[Gobbler](https://millionrounds.com/company/gobbler)** Seed · US · techcrunch.com **$1.3M** With 5 others - **2010** 1 round - **Oct** **[Warby Parker](https://millionrounds.com/company/warby-parker)** Debt · US **$500K** Sole investor 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 **5 named** BP **Brock P. Saunders** Executive Officer of the Manager i Filing they signed KM **Kevin M. Brandt** Executive Officer of the Manager i Filing they signed LP **Laura P. McGrath** Executive Officer of the Manager i Filing they signed MP **Molly P. Aulino** Executive Officer i Filing they signed PH **Paul H. Saunders** Executive Officer of the Manager i Filing they signed We also hold **8** 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 they claim to have backed From their own portfolio page (on their website) **7** of 11 we have independently watched raise [Clover Health](https://millionrounds.com/company/clover-health)[INVESTORS](https://millionrounds.com/company/carta)[MakeSpace](https://millionrounds.com/company/makespace)[Moxe](https://millionrounds.com/company/moxe-health)[Ometria](https://millionrounds.com/company/ometria)[Thrive Market](https://millionrounds.com/company/thrive-market)[Triplemint](https://millionrounds.com/company/triplemint) Leap Finance Ready Responders West Creek Wheels 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 listed **1 in all** **[Basis Science](https://millionrounds.com/company/basis-science)** Bought by [Intel](https://millionrounds.com/fund/intel) **$100M** Mar 2014 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$10M** raised in Nov 2021 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 **$26M** the round, not its cheque Alone, median **$500K** Led 0 of 10 rounds **0%** - **Sole investor:** 1 rounds - **Last cheque:** Sept 2019 - **Exits:** 1 from the portfolio Rounds by stage said on their site - Seed said *3* - Series B said *3* - Series C *2* - Debt *1* - Series A said *1* - Growth said *-* Cheques by year Led Joined 2010 2019 Often in the room with - [Cota Capital](https://millionrounds.com/fund/cota-capital) 2 - [Signatures Capital](https://millionrounds.com/fund/signatures-capital) 2 **Pitching Summit Action?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Summit Action. A count of rooms they were both in, not a relationship either has claimed. [**Cota Capital** VC firm **2** rounds together](https://millionrounds.com/fund/cota-capital)[**Signatures Capital** VC firm **2** rounds together](https://millionrounds.com/fund/signatures-capital) ## Recently backed The latest companies Summit Action put money into. [**Ometria** $21M · Sept 2019](https://millionrounds.com/company/ometria) ## Quick answers about Summit Action ### What does Summit Action invest in? Summit Action invests most often at Seed and Series B (60% of the rounds on record), in sectors such as Communities and Community. ### How active is Summit Action? 10 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2019. ### What has Summit Action invested in recently? Its most recent investments on record: Ometria (Series B, Sept 2019) and MakeSpace (Series C, Apr 2017). ### How big are Summit Action's cheques? The median round it joins is $26M. ### Does Summit Action lead rounds? Rarely, if at all: none of its 10 investments on record names it as the lead. ### Where does Summit Action invest? Most of the companies it backs are in the United States (90%) and the United Kingdom (10%). ### Is Summit Action investing now? No investments in the last 12 months; the latest was in Sept 2019. ### Who does Summit Action invest alongside? Most often Cota Capital (2 rounds together) and Signatures Capital (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM 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=summit-action) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=summit-action)