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Founded in 2013, 650 is a global venture capital firm headquartered in Palo Alto, California, with additional offices in Japan and Switzerland. The firm evolved from 415 Investments and has established itself as a key player in the early-stage investment landscape. 650 focuses on innovative startups across various sectors, including AI, robotics, fintech, and mobility, leveraging the expertise of its General Partners and Venture Partners to support portfolio companies.
As of now, 650 has deployed over $25 million across more than 50 investments in its first fund, demonstrating a strong commitment to nurturing early-stage ventures. The firm emphasizes cross-border expansion, particularly targeting the Japanese market, which remains undercapitalized by U.S. venture capitalists. This strategic focus allows 650 to capitalize on unique opportunities that arise from international partnerships.
650 invests primarily in early-stage ventures, including pre-seed, seed, and seed-plus rounds, as well as Series A through Series F funding stages. The firm targets a diverse range of sectors, notably AI, robotics, fintech, mobility, and sustainability. Their investment strategy is designed to achieve high internal rates of return (IRR) while supporting portfolio companies through follow-on investments and co-investments.
The firm places a strong emphasis on cross-border expansion, particularly in Japan, where it seeks to identify startups with potential for global impact. 650 looks for founders who demonstrate innovation, scalability, and a clear vision for their companies. The firm’s approach includes facilitating international partnerships and providing operational support to ensure sustained growth and market presence.
650 has built a diverse portfolio of over 50 companies, showcasing its commitment to early-stage innovation. Notable exits include:
These successful exits highlight the firm's ability to identify and nurture high-potential startups. The portfolio reflects a strong focus on sectors that are poised for growth and innovation, further solidifying 650's reputation as a leading venture capital firm.
Grace Stanat — Founding Partner. Grace has a strong track record from her time at 415 Investments before launching 650. She is known for her expertise in early-stage investments and has a profile on platforms like Funden and AngelList.
Dominik Steiner — Founding Partner. Dominik brings a deep technical and operational background to the firm, having previously founded and invested in various startups. He is an alumnus of the EU business school.
Phil Rothenberg — General Partner. Phil specializes in scaling startups and has extensive experience in operational management.
Richard Joye — General Partner. Richard focuses on finance and cross-border deal-making, leveraging his expertise to facilitate international investments.
Jean-Daniel Sciboz — General Partner. Jean-Daniel has a legal background and specializes in cross-border transactions, ensuring compliance and strategic alignment.
James Kuffner — Venture Partner. James is an expert in AI and robotics, providing insights into technology-driven startups.
Yutaka Kitade — Venture Partner. Yutaka specializes in the Japanese market, helping to bridge opportunities between the U.S. and Japan.
In 2023, 650 announced the successful acquisition of Lemonaid Health by 23andMe for $400 million, marking a significant exit for the firm. Additionally, Aumni was acquired by JPMorgan for $400 million, further showcasing the firm's strong portfolio performance.
650 continues to actively seek new investment opportunities, particularly in Japan, as it expands its Fund II, which focuses on innovative startups with international impact potential.
What stages does 650 invest in?
650 invests in various stages, including pre-seed, seed, seed-plus, Series A, Series B, and beyond, up to Series F and growth equity.
What sectors does 650 focus on?
The firm primarily focuses on AI, robotics, fintech, mobility, and sustainability, seeking innovative startups within these industries.
How can I pitch to 650?
Founders can pitch their startups by reaching out through the firm's website. A well-prepared pitch deck should include details about the business model, market opportunity, and team background.
What is the geographic focus of 650?
650 has a global investment strategy, with a particular emphasis on opportunities in Japan, the United States, and Switzerland.
What kind of support does 650 provide to its portfolio companies?
650 offers operational support, facilitates follow-on investments, and helps establish cross-border partnerships to ensure sustained growth for its portfolio companies.
What is the typical check size for investments?
While specific check sizes are not disclosed, 650 participates in early-stage rounds and follow-on investments, aligning with the funding needs of its portfolio companies.
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