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IgniteXL Ventures

770 Josina Avenue, Palo Alto, CA, 94306, United States

Overview

Global seed fund investing in tech, beauty, and wellness entrepreneurs.

Founded

2020

Deals ยท 12mo

0

Links

WebsiteLinkedInX (Twitter)

Stage focus

Seed

Geographic focus

Kenya
United Kingdom
United States

Sector focus

Beauty
Consumer Applications
Fashion
Information Technology
...

Investment portfolio

4rounds
NAMEDATESIZE
Uncover
Jul 2024Led
$1 MSeed
JustWears
Mar 2024Participated
$3 MSeed
Uncover
Dec 2022Participated
$1 MSeed
buywith
May 2022Led
$10 MSeed
Uncover
Jul 2024Led
$1 MSeed
JustWears
Mar 2024Participated
$3 MSeed
Uncover
Dec 2022Participated
$1 MSeed
buywith
May 2022Led
$10 MSeed
4
Items
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Insights

Time horizon

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Deal Distribution

IgniteXL Ventures: 4 funding rounds are recorded in the selected participation categories.All available history.
IgniteXL Ventures: 4 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed22

Monthly Deal Activity

IgniteXL Ventures: 4 deals are recorded across 54 months.All available history.
IgniteXL Ventures: 4 deals are recorded across 54 months. All available history
MonthDeals
May '221
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '220
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '240
May '240
Jun '240
Jul '241
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

IgniteXL Ventures: Consumer & Lifestyle is the largest displayed sector by deal count (4 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

IgniteXL Ventures: Consumer & Lifestyle is the largest displayed sector by deal count (4 deals). All available history
SectorDeals
Consumer & Lifestyle4
Networks, Cloud & Communication3
E-Commerce & Retail3
Health & Life Sciences2
Marketing & Advertising1
Hardware & Robotics1
Manufacturing1
Media & Entertainment1

Deal Size Distribution

IgniteXL Ventures: 4 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

IgniteXL Ventures: 4 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M1
$10M-$25M0
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

IgniteXL Ventures: Kenya has the largest recorded deal count among the displayed regions (2 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

IgniteXL Ventures: Kenya has the largest recorded deal count among the displayed regions (2 deals). All available history
RegionDeals
Kenya2
United States1
Europe1
IgniteXL Ventures: 15 co-investors are shown, with Samata Capital sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

IgniteXL Ventures: 15 co-investors are shown, with Samata Capital sharing 2 recorded deals. All available history
Co-investorShared deals
Samata Capital2
Altree Capital1
Andav Capital1
Chui Ventures1
EQ2 Ventures1
Fab Co-Creation Studio Ventures1
FirstCheck Africa1
Future Africa1
Irani CVC1
NEOME1
Pembroke VCT1
Regah Ventures1
Sarona Partners1
Sunshine Ventures1
True1

Investment Strategy

IgniteXL Ventures: Led accounts for 50% and participating for 50% of round participation.All available history.
IgniteXL Ventures: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led250%
Participating250%
IgniteXL Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics.All available history.
IgniteXL Ventures: Single-lead accounts for 50% and co-led for 50% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead150%
Co-led150%

Team

Claire Chang

Founding Partner

Mitchell Weinstock

Venture Partner