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Acorn Ventures operates as a venture capital firm, primarily focused on providing early-stage investments to emerging companies. The firm offers a range of services beyond capital, including investment banking, business development, and asset management, aiming to support the foundational growth and strategic direction of its portfolio companies.
The firm was established in 1991 by Rufus W. Lumry, building its presence from Bellevue, Washington. Lumry's foundational insight was to create a venture capital entity that not only supplied crucial early-stage funding but also extended comprehensive advisory and management support to nascent businesses, leveraging expertise in financial structuring and operational scaling.
Acorn Ventures partners with early-stage companies, typically those in their formative years requiring initial capital and strategic guidance. The firm's long-term vision centers on fostering innovation and accelerating the development of promising ventures, aiming to build a diversified portfolio of successful businesses that contribute to economic growth and technological advancement.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 1, 2017 | Utrip | $4.0M Series A | — | Pioneer Square Labs, Swan Venture Fund, Unlock Venture Partners, Charlie Songhurst, Gary Rubens, Jeffrey Wilke, Paul Stahura, Rudy Gadre, Carla Murray, Craig Schafer, Gary Wipfler, H. S. Wright III, Ken Alterman, Neal Dempsey, richard Galanti, Plug and Play, Tiempo Capital, W&W Capital |
| Feb 1, 2016 | Flyp | $5.8M Seed | — | Jeffrey Parker, Russell Simmons, Jennifer Fonstad, MAG Ventures, Morningside, Structure Capital |