Correlation Ventures is a U.S.-based venture capital firm founded in 2006, with headquarters in San Francisco and offices in Palo Alto, San Diego, New York and Brooklyn. Managing more than $450 million in committed capital, the company applies advanced analytics and data science to reach investment decisions within two weeks on average. By refraining from taking board seats, the company aims to reduce administrative burdens and distractions, allowing founders to remain focused on growth. This streamlined process delivers speed without sacrificing thorough due diligence.
Operating primarily as a co-investor, Correlation Ventures complements lead backers by filling funding rounds rather than heading them. Initial investments typically range from $100,000 to $4 million, with a capacity to commit up to $10 million over the life cycle of a portfolio company. The firm maintains a varied sector mandate, allocating roughly 23 percent of capital to life sciences and healthcare, 21 percent to consumer products and services, and 16 percent to business services. Other supported industries include deep tech, hardware, biotech, health, fintech and proptech. Investments in tobacco, cannabis, firearms, oil and gas and real property holding companies are avoided.
Clean technology is an established area of interest for Correlation Ventures, reflecting its mandate in deep tech and hardware investments. While the company does not publicly detail specific battery technology portfolio companies, its willingness to back startups focused on energy storage and renewable systems suggests an active stance in this field. Through rapid decision making and a data science model, the company supports ventures that develop advanced battery solutions, grid storage innovations and related clean-energy hardware, aiming to contribute to more sustainable energy systems.
