# TL Ventures: portfolio, investments and team

> TL Ventures is a vc firm based in United States. 62 investments on record, latest Oct 2013. Portfolio, stages, co-investors and team.

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

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

# TL Ventures

No cheque observed since Oct 2013, after 62 earlier cheques, and the website is dead.

Dormant New fund $4.5M, Jan 2015 VC firm

Growth Pre-seed Seed Consumer Enterprise FinTech

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 62 on record

Since the last cheque **4766** days **00** hrs **00** min **00** sec

Median round **$12M** Rounds led **0 of 62** Sole investor **7 rounds** Exits **10 from the portfolio** Mostly in **United States, 98%**

Pitch TL Ventures

## TL Ventures highlights

- 01 62 rounds on record
- 02 Mostly Series B and Venture: 51% of its rounds
- 03 Sole investor in 7 rounds, median $2.4M
- 04 10 exits from the portfolio

## What they do

> Filed 1 private fund offering with the SEC, the most recent in 2015-01 From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Growth Pre-seed Seed Series A Series B
- **Sectors:** Consumer Enterprise FinTech
- **Based in:** Wayne, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **62 appearances**

- **2013** 1 round
- **Oct** **[iSpot.tv, Inc.](https://millionrounds.com/company/ispot-tv-inc)** Series A · US · techcrunch.com **$5.0M** With 1 other
- **2012** 5 rounds
- **Apr** **[Global Education Learning](https://millionrounds.com/company/global-education-learning)** Venture · US **$8.0M** Sole investor
- **Apr** **[Moonshoot](https://millionrounds.com/company/moonshoot)** Venture · US **$160K** Sole investor
- **Apr** **[Pivotal Systems](https://millionrounds.com/company/pivotal-systems)** Venture · US **$200K** Sole investor
- **Feb** **[Noble Biomaterials](https://millionrounds.com/company/noble-biomaterials)** Series B · US · finsmes.com **$8.0M** With 2 others
- **Jan** **[Donuts](https://millionrounds.com/company/donuts)** Series A · US · techcrunch.com **$100M** With 5 others
- **2011** 3 rounds
- **Jun** **[BostInno](https://millionrounds.com/company/bostinno)** Seed · US · bostinnovation.com **$1.3M** Sole investor
- **May** **[Skycross](https://millionrounds.com/company/skycross)** Series E · US · reuters.com **$11M** With 4 others
- **Feb** **[AirWalk Communications](https://millionrounds.com/company/airwalk-communications)** Series B · US · airwalkcom.com **$10M** With 3 others
- **2010** 4 rounds
- **Sept** **[Celator Pharmaceuticals](https://millionrounds.com/company/celator-pharmaceuticals)** Series D · US · celatorpharma.com **$20M** With 6 others
- **Aug** **[Maskless Lithography](https://millionrounds.com/company/maskless-lithography)** Debt · US · deals.venturebeat.com **$4.1M** With 1 other
- **Apr** **[Velsys Limited](https://millionrounds.com/company/velsys-limited)** Venture · GB · velsys.com **$3.7M** With 1 other
- **Feb** **[Moonshoot](https://millionrounds.com/company/moonshoot)** Venture · US · techcrunch.com **$6.6M** With 1 other
- **2009** 1 round
- **Aug** **[Advanced Inquiry Systems Inc.](https://millionrounds.com/company/advanced-inquiry-systems-inc)** Series B · US · xconomy.com **$11M** With 5 others
- **2008** 5 rounds
- **Jul** **[Celator Pharmaceuticals](https://millionrounds.com/company/celator-pharmaceuticals)** Series C · US **$23M** With 5 others
- **Jul** **[Spire](https://millionrounds.com/company/spire)** Series A · US · paidcontent.org **$9.0M** With 2 others
- **Apr** **[ScaleMP](https://millionrounds.com/company/scalemp)** Series D · US · venturebeat.com **$8.0M** With 3 others
- **Mar** **[Kleer](https://millionrounds.com/company/kleer)** Series B · US · informationweek.com **$28M** With 1 other
- **Jan** **[Kleer](https://millionrounds.com/company/kleer)** Series A · US · venturebeat.com **$30M** With 4 others
- **2007** 5 rounds
- **Nov** **[NorthStar Systems International](https://millionrounds.com/company/northstar-systems-international)** Venture · US · venturebeat.com **$18M** With 2 others
- **Oct** **[Optichron](https://millionrounds.com/company/optichron)** Venture · US · venturebeat.com **$12M** With 3 others
- **Aug** **[Celator Pharmaceuticals](https://millionrounds.com/company/celator-pharmaceuticals)** Series C · US **$10M** With 5 others
- **May** **[NetEffect](https://millionrounds.com/company/neteffect)** Series C · US **$12M** With 6 others
- **Mar** **[Ciclon Semiconductor Device Corporation](https://millionrounds.com/company/ciclon-semiconductor-device-corporation)** Series B · US · encyclopedia.com **$12M** With 3 others
- **2006** 6 rounds
- **Oct** **[Atrenta](https://millionrounds.com/company/atrenta)** Series D · US · venturebeat.com **$16M** With 6 others
- **Oct** **[AirWalk Communications](https://millionrounds.com/company/airwalk-communications)** Series B · US · airwalkcom.com **$15M** With 3 others
- **Jul** **[NetEffect](https://millionrounds.com/company/neteffect)** Series B · US · austin.bizjournals.com **$25M** With 6 others
- **Jul** **[VeriWave](https://millionrounds.com/company/veriwave)** Series C · US **$8.5M** With 3 others
- **Feb** **[JAM Technologies](https://millionrounds.com/company/jam-technologies)** Series B · US · goliath.ecnext.com **$11M** With 5 others
- **Jan** **[ClariFI](https://millionrounds.com/company/clarifi)** Venture · US · clarifi.com **$3.5M** Sole investor
- **2005** 11 rounds
- **Dec** **[Sonics](https://millionrounds.com/company/sonics)** Series D · US **$12M** With 4 others
- **Nov** **[Advanced Inquiry Systems Inc.](https://millionrounds.com/company/advanced-inquiry-systems-inc)** Series A · US · portland.bizjournals.com **$6.6M** With 2 others
- **Oct** **[Ciclon Semiconductor Device Corporation](https://millionrounds.com/company/ciclon-semiconductor-device-corporation)** Series A · US · accessmylibrary.com **$12M** With 1 other
- **Aug** **[Intellon Corporation](https://millionrounds.com/company/intellon-corporation)** Series B · US **$25M** With 12 others
- **Jul** **[Apogee Photonics](https://millionrounds.com/company/apogee-photonics)** Venture · US · findarticles.com **$9.7M** With 5 others
- **Jun** **[VeriWave](https://millionrounds.com/company/veriwave)** Series B · US · woodsidefund.com **$10M** With 2 others
- **Apr** **[BattellePharma](https://millionrounds.com/company/battellepharma)** Venture · US **$14M** With 6 others
- **Mar** **[Optichron](https://millionrounds.com/company/optichron)** Series B · US **$17M** With 3 others
- **Feb** **[T-Networks](https://millionrounds.com/company/t-networks)** Series C · US **$5.8M** With 3 others
- **Jan** **[Blaze Public Relations](https://millionrounds.com/company/blaze-public-relations)** Venture · US **$5.0M** With 2 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 **2 named**

MD **Mark DeNino** Member of General Partner i Filing they signed

RV **Robert Verratti** Member of General Partner i Filing they signed

We also hold **6** 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 **10 in all**

**[Ikanos](https://millionrounds.com/company/ikanos)** Bought by Qualcomm Atheros **Undisclosed** Aug 2015

**[Atrenta](https://millionrounds.com/company/atrenta)** Bought by [Synopsys](https://millionrounds.com/fund/synopsys) **Undisclosed** Jun 2015

**[NorthStar Systems International](https://millionrounds.com/company/northstar-systems-international)** Bought by SEI Investments **Undisclosed** Feb 2012

**[VeriWave](https://millionrounds.com/company/veriwave)** Bought by IXIA **Undisclosed** Jun 2011

**[Kleer](https://millionrounds.com/company/kleer)** Bought by SMSC **$7.5M** Feb 2010

**[Spire](https://millionrounds.com/company/spire)** Bought by Perfect Escapes **Undisclosed** Jan 2010

**[Intellon Corporation](https://millionrounds.com/company/intellon-corporation)** Bought by Qualcomm Atheros **$244M** Sept 2009

**[Ciclon Semiconductor Device Corporation](https://millionrounds.com/company/ciclon-semiconductor-device-corporation)** Bought by [Texas Instruments](https://millionrounds.com/fund/texas-instruments) **Undisclosed** Feb 2009

**[NetEffect](https://millionrounds.com/company/neteffect)** Bought by [Intel](https://millionrounds.com/fund/intel) **$8.0M** Oct 2008

**[Netrake](https://millionrounds.com/company/netrake)** Bought by AudioCodes **Undisclosed** Jul 2006

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

New fund on file

**$4.5M**

raised in Jan 2015

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

## The cheque

Growth Pre-seed Seed

Median round joined **$12M** the round, not its cheque Alone, median **$2.4M**

Led 0 of 62 rounds **0%**

- **Sole investor:** 7 rounds
- **Last cheque:** Oct 2013
- **Exits:** 10 from the portfolio

Rounds by stage said on their site

- Series B said *15*
- Venture *15*
- Series A said *12*
- Series C *9*
- Series D *6*
- Series E *2*
- Growth said *-*

Cheques by year Led Joined

1999 2013

Often in the room with

- [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) 8
- [Austin Ventures](https://millionrounds.com/fund/austin-ventures) 7
- [Duchossois Technology Partners](https://millionrounds.com/fund/duchossois-technology-partners) 7
- [EnerTech Capital](https://millionrounds.com/fund/enertech-capital) 6
- [Intel Capital](https://millionrounds.com/fund/intel-capital) 6
- [BDC Capital](https://millionrounds.com/fund/bdc-venture-capital) 4

**Pitching TL Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**U.S. Venture Partners** VC firm **8** rounds together](https://millionrounds.com/fund/u-s-venture-partners-usvp)[**Austin Ventures** VC firm **7** rounds together](https://millionrounds.com/fund/austin-ventures)[**Duchossois Technology Partners** Family office **7** rounds together](https://millionrounds.com/fund/duchossois-technology-partners)[**EnerTech Capital** Corporate VC **6** rounds together](https://millionrounds.com/fund/enertech-capital)[**Intel Capital** Corporate VC **6** rounds together](https://millionrounds.com/fund/intel-capital)[**BDC Capital** VC firm **4** rounds together](https://millionrounds.com/fund/bdc-venture-capital)[**Venrock** VC firm **4** rounds together](https://millionrounds.com/fund/venrock)[**Canaan** VC firm **3** rounds together](https://millionrounds.com/fund/canaan-partners)[**Domain Associates** VC firm **3** rounds together](https://millionrounds.com/fund/domain-associates)[**Finaventures** VC firm **3** rounds together](https://millionrounds.com/fund/finaventures)[**Granite Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/granite-ventures)[**GrowthWorks** VC firm **3** rounds together](https://millionrounds.com/fund/growthworks)

## Quick answers about TL Ventures

### What does TL Ventures invest in?

TL Ventures invests most often at Series B and Venture (51% of the rounds on record), in sectors such as Consumer, Enterprise and FinTech.

### How active is TL Ventures?

62 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2013.

### How big are TL Ventures's cheques?

The median round it joins is $12M.

### Does TL Ventures lead rounds?

Rarely, if at all: none of its 62 investments on record names it as the lead.

### Where does TL Ventures invest?

Most of the companies it backs are in the United States (98%).

### Is TL Ventures investing now?

It looks quiet: no investment on record since Oct 2013.

### Who does TL Ventures invest alongside?

Most often U.S. Venture Partners (8 rounds together), Austin Ventures (7 rounds together) and Duchossois Technology Partners (7 rounds together).

### What kind of investor is TL Ventures?

TL Ventures is a VC firm based in Wayne, United States.

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