Thursday, April 25, 2013
Correlation Ventures Trumpets Investments, First Exit
San Diego- and Palo Alto-based venture capital investor Correlation Ventures said this week that it has so far funded eight companies in Q1, and had its first portfolio exit, at Virsto Software. The $165M venture capital fund said it now has investments in 47 companies. The fund's Q1 investments included Gynesonics, Gild, MadeFire, NasoForm and four other, un-named seed-stage companies. David Coats is the firm's managing director in San Diego. The fund says it is focused on using predictive analytics to pick its investments, and making those investment decisions in less than two weeks.