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Dace Ventures is an early-stage venture capital firm founded in 2006 and headquartered in Lexington, Massachusetts. The firm manages over $70 million in assets under management and focuses on investing in entrepreneurs who are building innovative companies. Dace Ventures has a history of supporting ventures across various stages of investment, particularly in sectors that can capitalize on significant market transformations.
Since its inception, Dace Ventures has evolved its investment strategy, initially focusing on consumer web and mobile companies, and gradually shifting towards healthtech media and fintech infrastructure. The firm has made a total of 31 investments, showcasing a diverse portfolio that reflects its adaptability to changing market dynamics. Notable milestones include successful exits with companies like Vitrue, which was acquired by Oracle, and Cartera, which was acquired by Rakuten.
Dace Ventures primarily invests in seed and early-stage companies, with a strong emphasis on sectors such as consumer marketing, digital media, healthcare, fintech, and SaaS. The firm is open to various stages of investment, including pre-seed, seed, and seed-plus rounds. Dace Ventures seeks to identify and support companies that demonstrate strong potential for growth and innovation, particularly those that leverage transformational forces in consumer-driven markets.
The firm looks for visionary ideas and innovative business models that can disrupt traditional markets. Dace Ventures values founders who possess a deep understanding of their target sectors and are capable of executing their vision effectively. The investment strategy includes providing strategic guidance, industry connections, and operational support to help portfolio companies navigate the complexities of early-stage growth.
Dace Ventures has built a diverse portfolio that includes 31 companies across various sectors. Notable portfolio companies include:
This portfolio reflects Dace Ventures' commitment to investing in companies that are positioned to capitalize on significant market transformations.
Dave Andonian - Managing Partner. Dave has extensive experience in venture capital and has led numerous successful investments in consumer-driven markets.
Jon Chait - General Partner. Jon brings a wealth of knowledge in early-stage investing and has a strong track record of supporting innovative startups.
Kevin Schwartz - Advisor (former EIR). Kevin has a background in entrepreneurship and provides valuable insights to portfolio companies.
Doug Chertok - Venture Partner. Doug has significant experience in venture capital and plays a key role in evaluating potential investments.
To pitch Dace Ventures, founders should submit their plans through the firm's website. The pitch deck should include a clear overview of the business model, market opportunity, competitive landscape, and financial projections. Dace Ventures does not specify a preferred channel for initial contact, but a well-structured email or submission through their website is recommended.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory for initial outreach.
In August 2022, Dace Ventures participated in a $40 million funding round for DeepIntent, a healthcare programmatic advertising platform. This investment reflects the firm's commitment to supporting companies that leverage transformational forces in consumer-driven markets.
As of January 2023, Dace Ventures tracked an investment entry for DeepIntent, indicating ongoing support for this portfolio company. The firm has not confirmed any new deals after 2023, but its portfolio continues to demonstrate strong growth potential.
What are Dace Ventures' investment criteria?
Dace Ventures focuses on seed and early-stage investments in sectors such as consumer marketing, digital media, healthcare, fintech, and SaaS. The firm looks for visionary ideas and strong potential for growth.
How can founders apply or pitch to Dace Ventures?
Founders can submit their plans through the Dace Ventures website. While specific email addresses are not provided, inquiries can be directed to the firm via their contact page.
What makes Dace Ventures different from other firms?
Dace Ventures emphasizes visionary ideas and supports companies across various stages of investment. The firm leverages its extensive experience in consumer-driven markets to provide strategic guidance and industry connections.
What is the geographic scope of Dace Ventures' investments?
The firm primarily invests in companies based in the United States, focusing on early-stage ventures that can leverage transformational forces in consumer-driven markets.
What is the typical check size for investments?
Dace Ventures invests in seed and early-stage rounds, with check sizes varying based on the specific needs of the company and the stage of investment.
What kind of post-investment involvement does Dace Ventures have?
Dace Ventures provides strategic guidance, industry connections, and operational support to its portfolio companies, helping them navigate the complexities of early-stage growth.
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