Correlation Ventures, a venture capital firm which leverages predictive analytics to make co-investments, closed its second fund, at $200m.
Limited partners include leading endowments, pensions, funds of funds and family offices.
Led by co-founders and Managing Directors Trevor Kienzle and David Coats, Correlation Ventures is a venture capital firm which leverages analytics to offer entrepreneurs and other venture capitalists an option when they are seeking additional co-investment capital to complete a financing round.
The firm, which makes investment decisions in two weeks or less, works with companies across all industry segments, from consumer and enterprise to FinTech and healthcare, U.S. geographies and investment stages—from seed through late stage.
To date, it has invested in 121 companies in Correlation 1 and is currently investing out of Correlation 2.
Correlation, which has offices in Palo Alto, San Diego and New York City, has $366m in assets under management.