Maveron

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Maveron.JPG
Type: Privately held
Industry: Venture Capital & Private Equity
Founded: 1998
Founder(s): Dan Levitan & Howard Schultz
Headquarters: Seattle, Washington
Country: USA
Website: maveron.com
Blog: Maveron
Facebook: Maveron
LinkedIn: Maveron LLC
Twitter: TwitterIcon.png@Maveron
Key People
Howard Schultz, Co-Founder

Dan Levitan, Co-founder & Partner
Brett Miller, Vice President of Finance
Andra Hall, Operations Manager

Maveron LLC is a venture capital firm with expertise in early to mid-stage venture financing. The company has been investing in consumer-focused businesses with highly differentiated brands, traditional consumer product and service enterprises and companies engaged in technology products and services. Maveron provides an initial investment of $3 to 10 million to a company.The company is based in Seattle, Washington, and maintains another office in San Francisco, California.[1]

Background

Dan Levitan, former Managing Director of Schroder, Wertheim & Co. and Howard Schultz, Starbucks' CEO, co-founded Maveron in January, 1998. Six months after the company's establishment, the company raised $75 million.[2] Among the companies first successful investments include eBay, drugstore.com and PeoplePC.[3]

Venture Capital Funds

In 2000, Maveron raised $340 million venture capital funds, with an objective to become a premier financial and strategic partner for consumer-oriented companies.[4]

In 2004, the company announced that it has raised an additional $200 million fund for its Maveron Equity Partners III. During that time the company had a $600 million management fund and 17 active portfolio companies nationwide. Maveron also developed a division to focus its investment within the consumer/technology spectrum.[5]

In 2008, Maveron raised another $240 million.[6] At present the firm has estimated $800 million under its management.

Portfolio

Currently, Maveron has 25 active companies in its portfolio, which include: Allconnect, Altius Education, CitizenHawk, Course Hero,Decide, Drugstore.com, Game Logic, Groupon, Kidzzui, Knowledge Network, Latimer Education, Inc., Live Mocha, Mozes, Next Foods, On Request Images, Pay Near Me, Pinkberry, Potbelly Sandwich, Say, Sway, TerraPass, The Motley Fool, The Wrap, Trupanion, and Zulily.[7]

References

  1. Businessweek
  2. maveron.com
  3. Seattle Times
  4. bizjournals.com
  5. Press Release
  6. bizjournals.com
  7. Portfolio