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Floodgate Fund is a
In March 2017, Floodgate raised $131 million for its sixth fund. In previous years, their fifth fund closed at $76 million, the fourth fund closed at $75 million and their third fund at $73.5 million.
Floodgate has invested in a number of companies including
venture capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...
firm based in the United States created by Mike Maples Jr. and Ann Miura-Ko. It was originally named ''Maples Investments,'' but was renamed ''Floodgate Fund'' in March 2010. It is focused on investments in technology companies in Silicon Valley
Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical areas San Mateo County ...
.
Investments
In March 2017, Floodgate raised $131 million for its sixth fund. In previous years, their fifth fund closed at $76 million, the fourth fund closed at $75 million and their third fund at $73.5 million.
Floodgate has invested in a number of companies including Twitter
Twitter is an online social media and social networking service owned and operated by American company Twitter, Inc., on which users post and interact with 280-character-long messages known as "tweets". Registered users can post, like, and ...
, Digg
Digg, stylized in lowercase as digg, is an American news aggregator with a curated front page, aiming to select stories specifically for the Internet audience such as science, trending political issues, and viral Internet issues. It was launch ...
, location-based service
A location-based service (LBS) is a general term denoting software services which use geographic data and information to provide services or information to users. LBS can be used in a variety of contexts, such as health, indoor object search, ent ...
s company Gowalla
Gowalla was a location-based social networking service. It launched in 2007 and closed in 2012. Users were able to check in at "Spots" in their local vicinity, either through a dedicated mobile application or through the mobile website. Checking-in ...
, professional networking service BranchOut, Chegg
Chegg, Inc., is an American education technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services.
The company was launched in 200 ...
, Formstack, Milk Inc., TaskRabbit, self-storage marketplace SpareFoot
SpareFoot is an Austin-based company that provides listings for self-storage units. The company was originally a person-to-person model, similar to Airbnb, that later developed into a marketplace for self-storage. The company now facilitates self ...
, and seasteading
Seasteading is the concept of creating permanent dwellings at sea, called seasteads, in international waters outside the territory claimed by any government.
No one has yet created a structure on the high seas that has been recognized as a sov ...
platform company Blueseed
Blueseed was a Silicon Valley-based startup company and a seasteading venture to create a startup community located on a vessel stationed in international waters near the coast of Silicon Valley in the United States. The intended location (outsid ...
.
As of 2017, they've also invested in Lyft
Lyft, Inc. offers mobility as a service, ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery in the United States and select cities in Canada. Lyft sets fares, which vary using a dyn ...
, Refinery29
Refinery29 (R29) is an American multinational digital media and entertainment website focused on young women. It is owned by Vice Media.
History
Justin Stefano, Philippe von Borries, Piera Gelardi, and Christene Barberich co-founded Refinery29 i ...
, LabDoor, education startup MissionU, legal discovery startup TextIQ, Okta and Rappi
Rappi is a Colombian multivertical company headquartered in Bogotá, Colombia, and with main offices in São Paulo and Mexico City. It was founded in 2015 by Simón Borrero, Sebastian Mejía, Felipe Villamarín and Guillermo Plaza.
History
Ra ...
.
Media coverage
Floodgate Fund and Mike Maples have been covered in ''TechCrunch
TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare.
In 2010, AOL acquired the company for approximately ...
'' and ''Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
''. Mike Maples of Floodgate was also interviewed about his investment philosophy by Sarah Lacy
Sarah Ruth Lacy (born December 29, 1975) is an American technology journalist and author.
Early life
Lacy received her B.A. in literature from Rhodes College.
Career
Lacy is the former co-host of web video show Yahoo! Tech Ticker and was a colum ...
for TechCrunch TV.
References
External links
* {{official website Financial services companies established in 2010 Venture capital firms of the United States American companies established in 2010