Correlation Ventures Adds Six Portfolio Companies in Q3

October 17, 2012

Correlation Ventures, the venture capital industry’s predictive analytics pioneer, announces third quarter investments in six new companies. These new additions bring Correlation Ventures' portfolio to 29 companies, 16 of which were new to Correlation’s portfolio in 2012. The firm plans to make approximately 75-100 investments from its $165 million inaugural fund. These investments reinforce the firm’s commitment to a diversified portfolio, including new investments during the quarter in the IT, consumer and life science sectors.

Correlation Ventures leverages its proprietary predictive analytics to offer entrepreneurs and lead VC investors co-investment decisions within two weeks. This unique and streamlined decision process has helped the firm surpass its goal of adding approximately 15 portfolio companies in 2012, confirming a market need for a rapid, reliable and hassle-free VC co-investor.

During the third quarter Correlation made several investments in seed-stage and stealth-mode companies in the IT and consumer sectors. The firm also invested in Quincy, Mass.-based Carewell Urgent Care, which runs urgent care centers, providing fast, convenient, and affordable healthcare services in New England. Carewell joins Correlation Ventures’ other life-science investments, such as AirXpanders, Aldea Pharmaceuticals, Mimosa Medical and RQx Pharmaceuticals.

Correlation Ventures, a $165 million venture capital fund, leverages world-class analytics to offer entrepreneurs and other venture capitalists a dramatically better option when they are seeking additional co-investment capital to complete a financing round. The firm makes investment decisions in two weeks or less and offers reliability and transparency about reserves and its intentions to follow in future financings. Correlation Ventures invests across all industry segments, U.S. geographies and investment stages – from seed through late stage. Current portfolio companies include AirXpanders, Aldea Pharmaceuticals, Bunchball, edo interactive, Framehawk, Getaround, MOGL, RQx Pharmaceuticals, SAY Media, Telly and Virsto Software. Correlation Ventures has offices in Palo Alto and San Diego, CA. For more information, visit and @correlationvc.