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Maveron

Organization
Type Commercial
Focus Venture Capital & Private Equity
Region NA
Country
  • United States of America
City Seattle
Founded 1998
Founders Dan Levitan & Howard Schultz
Websites

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[edit | edit source]

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[edit | edit source]

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[edit | edit source]

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[edit | edit source]

North America, according to the ICANN Geographic Regions (ICANN Geographic Regions).

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Date foundedStores the date that an object was founded, normalized to the "Month DD, YYYY" format.
1998 +
Has ICANN regionAssociates an object with an ICANN-determined Geographic Region.
NA +
Has cityStores the city associated with an object. This value does not get normalized.
Seattle +
Has countryAssociates a page with a country. Territory names are extracted from ISO 3166, "Country Codes".
United States of America +
Has entity typeSpecifies the primary classification or fundamental type of the page's subject (e.g., Event, Organization, Person).
Organization +
Has focusAssociates an object with a focus theme. Not normalized.
Venture Capital & Private Equity +
Has organization typeAssociates an organization with its organizational or legal type (e.g., Non-profit, Government agency, Commercial).
Commercial +