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The Venture Codex

Dominion Ventures

1501-B N California Blvd, Walnut Creek, California, 94596, United States

Overview

Dominion Ventures, Inc. is a principal investment firm specializing in investments in early stage, emerging, and mature companies. It typically invests in technology companies which include communications, software, and services. The firm primarily invests in companies based in United States. It initially invests around $2 million to $4 million but the total investment size ranges between $3 million and $10 million distributed over several rounds of financing. The firm prefers a board seat in its portfolio companies and also seeks to acquire minority interests in companies in which it co-invests. Dominion Ventures, Inc was co-founded by Mr. Michael K. Lee in 1985 and is based in Walnut Creek, California.

Total investments
2
Lead investments
1
Investments · 12mo
0
Active investors
0
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Investment portfolio

  • Comfy

    Led · Seed · Jul 2014

    Comfy operates a student rental marketplace and developed Unbill, a mobile app that automates bill payment and splitting for roommates and individuals. Unbill launched in March and has been rolled out initially in Austin, showing steady early traction. The product automates payments across utilities, cell phones and rent, and allows payments by credit or debit card without logging into websites. Comfy plans to use the new funding to grow its team and enhance the Unbill product. The company reported rapid user growth: Unbill’s customer base grew 200% in July 2015 with similar projections for August 2015, and the team says customer retention is extremely high. Comfy also announced a strategic partnership with Conservice to integrate utility management capabilities with Unbill. Comfy operates a mobile and web rental marketplace that uses a proprietary algorithm and integrated reviews to match college and university students with landlords and property managers. The platform guarantees a 24-hour response to student inquiries and aims to improve response rates compared with other sites. Comfy offers Android and iOS mobile-responsive sites and an iPhone app to drive adoption and engagement. Before this raise, the company focused 10 months on a single market and achieved roughly 30% penetration in a location with 50,000+ university students and two universities; site traffic tripled in March after expansion began. The startup plans to use the seed capital to continue innovating in the student housing market and to scale into select geographic markets. The company is based in Austin, Texas.

  • BlueData Software

    Participated · Series B · Sep 2013

    BlueData offers Hadoop- and Spark-as-a-Service software that virtualizes big-data clusters so customers can spawn Hadoop or Spark clusters as easily as virtual machines on on-premises hardware. The product combines cloud-like agility, speed and multi-tenancy with the performance of running on bare metal in the data center. It works with any version of Hadoop or Apache Spark and the company plans to add support for Docker containers in an upcoming release. BlueData was founded by engineers with roots at VMware and is led by CEO Kumar Sreekanti. The company lists customers including Comcast, Orange and Symantec, and currently has about 35 employees. Since launching in 2012 it has raised a total of $39 million across three rounds, including the new Series C. BlueData was founded in 2012 and is based in Mountain View, CA. The company was started by Kumar Sreekanti and Tom Phelan, both formerly at VMware. BlueData focuses on Big Data private-cloud software and is privately testing its first product; no product details have been released. The company recently closed a $15M Series B financing. Existing investors and industry executives participated in the round. Prior to this, BlueData raised a $4M seed round in February 2013. BlueData Software is a cloud startup based in Santa Clara, California. The company was founded in 2012. It is led by CEO Kumar Sreekanti, a former VMware vice president of R&D for the Cloud Infrastructure Business Unit. A FinSMEs article and an SEC filing report that the company raised $4M in seed funding. The SEC filing did not list any backers, and the articles do not provide details about the company's product, customers, revenue, or specific future plans. No additional operating metrics or prior financings were disclosed in the coverage.

Team

No current team members are available.