Correlation VC

Correlation Ventures is a venture capital firm that distinguishes itself through a data-driven approach to investment, leveraging world-class analytics and a comprehensive database of venture financings to make rapid investment decisions. The firm acts primarily as a co-investor alongside lead investors, offering flexible check sizes typically ranging from $100,000 to $4 million. Their efficient decision-making process aims to provide entrepreneurs with capital quickly, often within days, without requiring board seats or introducing operational friction, allowing founders to maintain focus on their businesses.

Founded in 2006 by David Coats and Trevor Kienzle, Correlation Ventures was established to address the often protracted and distracting fundraising process for entrepreneurs. The founders spent years building an extensive database of VC financings and developing a proprietary predictive model. This analytical framework enables the firm to identify promising investment opportunities and generate superior risk-adjusted returns by tilting the odds in their favor, akin to card counting in blackjack. This unique methodology has positioned Correlation Ventures as an AI pioneer in the U.S. venture industry.

The firm maintains a broad and active portfolio, having made over 578 investments across various sectors. Notable portfolio companies include Synthorx, Personal Capital, Imperfect Foods, Knock, Overtime, Future Family, Hamilton AI, Casper Sleep, and Bluevine. Correlation Ventures invests across all industry segments, U.S. geographies, and investment stages, from seed through late stage, with a particular focus on early-stage technology companies with high growth potential. Their investment scope covers areas such as business products and services, consumer technology, financial services, healthcare, SaaS, manufacturing, life sciences, and artificial intelligence.

The team at Correlation Ventures includes Managing Directors and Co-Founders David Coats and Trevor Kienzle, Finance Partner Grace Chui-Miller, and Managing Directors/Partners of Analytics Anu Pathria and Moiz Saifee, along with Partner Wesley Barrow. The firm emphasizes providing strategic guidance, access to an industry-leading network of founders, investors, and experts, and operational support to help their portfolio companies scale and succeed. They publish data-driven insights on venture capital through their Medium publication "VC by the Numbers," further demonstrating their expertise in analytics and market dynamics.