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Manatt Venture Fund

North America, California, United States, Los Angeles

Description

Manatt Venture Fund is the strategic investment arm of Manatt, Phelps & Phillips, LLP, a distinguished professional services firm renowned for its integrated legal and consulting capabilities. Based in Los Angeles, the fund distinguishes itself from traditional venture capital firms by leveraging the extensive expertise of its parent organization. This unique structure allows Manatt Venture Fund to offer more than just capital, providing portfolio companies with invaluable access to legal, regulatory, and business advisory services from Manatt’s broad network of professionals.

The fund primarily targets early-stage companies, typically investing in Seed to Series A rounds. Its investment thesis is deeply intertwined with Manatt, Phelps & Phillips' core practice areas, leading to a focus on sectors such as healthcare, technology, digital media, and financial services. Manatt Venture Fund seeks to partner with innovative companies where its strategic guidance and deep industry knowledge can significantly accelerate growth and navigate complex market landscapes. This hands-on approach aims to build long-term value by integrating legal and business strategy from the outset.

Historically, the Manatt Venture Fund has aimed to invest initial checks ranging from $250,000 to $1 million in its portfolio companies, as reported in 2017. This capital is complemented by the strategic support derived from Manatt, Phelps & Phillips' approximately 450 attorneys and consultants, who provide critical insights into legal compliance, market entry, and operational scaling. The fund's commitment extends beyond financial backing, positioning itself as a strategic partner that helps startups mitigate risks and capitalize on opportunities through comprehensive professional services. This integrated model makes Manatt Venture Fund a distinctive player in the early-stage investment landscape, particularly for companies that can benefit from robust legal and consulting guidance alongside capital.

Investor Profile

Manatt Venture Fund has backed more than 66 startups, with 0 new investments in the last 12 months alone. The firm has led 1 rounds, about 2% of its total and boasts 22 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Canada, Ireland.
  • Strong thematic focus on Software, Mobile, Internet.
  • Typical check size: $250K – $1M.

Stage Focus

  • Series A (32%)
  • Seed (21%)
  • Series Unknown (14%)
  • Series B (12%)
  • Series C (9%)
  • Convertible Note (6%)
  • Angel (5%)
  • Series D (2%)

Country Focus

  • United States (95%)
  • Canada (2%)
  • Ireland (2%)
  • United Kingdom (2%)

Industry Focus

  • Software
  • Mobile
  • Internet
  • Health Care
  • Information Technology
  • Music
  • E-commerce
  • Advertising
  • Analytics
  • Digital Media
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Manatt Venture Fund frequently co-invest with?

Lucas Venture Group
North America, California, United States, Menlo Park
Co-Investments: 5
Pasadena Angels
North America, California, United States, Altadena
Co-Investments: 2
Third Wave Digital
North America, California, United States, Beverly Hills
Co-Investments: 4
Frontier Venture Capital
North America, Usulutan, El Salvador, California
Co-Investments: 5
Draper Associates
North America, California, United States, San Mateo
Co-Investments: 3
Rincon Venture Partners
North America, California, United States, Santa Barbara
Co-Investments: 2
PLG Ventures
North America, California, United States, Santa Monica
Co-Investments: 2
Wavemaker Partners
Asia, Central Region, Singapore, Singapore
Co-Investments: 4
FirstMark
North America, New York, United States, New York
Co-Investments: 3
BAM Ventures
North America, California, United States, Los Angeles
Co-Investments: 2

Which angels does Manatt Venture Fund often collaborate with?

BZ
North America, New York, United States, New York
Shared Deals: 1
MG
North America, California, United States, Los Angeles
Shared Deals: 1
BZ
North America, California, United States, Los Angeles
Shared Deals: 1
AD
North America, California, United States, West Hollywood
Shared Deals: 1
MB
North America, California, United States, San Francisco
Shared Deals: 1
RW
North America, California, United States, San Francisco
Shared Deals: 1
SA
Europe, Istanbul, Turkey, Istanbul
Shared Deals: 1
AN
North America, California, United States, Los Altos
Shared Deals: 1
JM
North America, California, United States, Los Angeles
Shared Deals: 1
LB
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by Manatt Venture Fund?

Motion

Toronto, Ontario, Canada

Motion creates platform that combines visual content with performance metrics to help growth teams improve their creative strategy.

AnalyticsVisual Search
SeedApr 23, 2023
Amount Raised: $6,000,000
Percent

New York, New York, United States

Percent is a platform for sourcing, structuring, syndicating, monitoring, and servicing private credit transactions.

CreditFinancial ServicesFinTechInformation Services
SeedJan 31, 2020
Amount Raised: $4,000,000
Genome Medical

South San Francisco, California, United States

Genome Medical is a telegenomics technology and services company allowing access to genomic-based medicine.

GeneticsHealth CareLife ScienceMedical
Series BJun 11, 2019
Amount Raised: $23,000,000
Kitterly

Los Angeles, California, United States

Changing how craft supplies are purchased with inspiring and accessible crafting kits.

E-CommerceFashion
SeedFeb 20, 2019
Amount Raised: $850,000
HealthBeacon

Dublin, Dublin, Ireland

HealthBeacon is a connected health care device designed to drive treatment adherence for patients on self-injectable medications.

Health CareMedicalMedical Device
Series AJan 8, 2019
Amount Raised: $12,000,000
Whistle

New York, New York, United States

Whistle is a global sports and entertainment company that creates, curates, and distributes positive brand safe original content.

AdvertisingContent CreatorsDigital MediaGamingMusicSocial MediaVideo GamesVideo Streaming
Series DJun 21, 2018
Amount Raised: $26,000,000
Pledge

Venice, California, United States

Fundraise through Zoom, livestream, text, e-commerce & the web with the industry’s leading donation platform.

InternetMobile
SeedFeb 8, 2018
Xperiel

Sunnyvale, California, United States

Xperiel is making the physical world digitally interactive, bringing the Real World Web (RWW) to life

InternetLocal BusinessSoftware
Series AJan 30, 2018
Amount Raised: $7,000,000
Varo Bank

San Francisco, California, United States

Varo is a digital bank that offers innovative, premium banking services wrapped in inclusive design.

AppsBankingFinancial ServicesFinTech
Series BJan 18, 2018
Amount Raised: $45,000,000
Tribalist

San Francisco, California, United States

Tribalist is a site that offers the best entertainment & lifestyle lists from top publishers to help people discover new things to do.

Media and EntertainmentSearch EngineSocial BookmarkingSocial Media
SeedDec 20, 2017
Amount Raised: $2,100,000