VC Founder Collective is on a hot streak with 3 portfolio companies going public via IPO already this month
- Founder Collective saw 3 of its portfolio companies go public roughly every week in March.
- Coupang, Olo and ThredUp all had IPOs.
- The firm was one of the first investors in all 3 companies.
- See more stories on Insider’s business page.
Venture capital firm Founder Collective has had an enticing March.
The Boston and New York-based seed stage firm has seen one of its portfolio companies go public via IPO almost every week this month.
Coupang, a South Korea e-commerce company, led the way on March 11. Then Olo, a restaurant digital ordering technology company, followed on March 17. And finally ThredUp, a second-hand and thrift store clothing marketplace, just last Tuesday.
“By my count that makes roughly an IPO a week for @fcollective in March… 😅” Bryce Roberts, the former founder of Indie.VC, tweeted quoting the recent ThredUp news.
The average age of Coupang, Olo, and ThredUp is just 12 years old, Founder Collective managing partner Eric Paley said in a tweet.
Founder Collective was an early believer in these three companies, having participated in their earliest rounds.
The firm was one of many investors in Coupang’s first $17.82 million round in 2011, and was the sole investor in Olo’s $1.75 million seed round and participated in its $7 million Series A1 in 2008 and $5 million Series B in 2013.
Founder Collective participated in ThredUp’s $1.47 million Series A1 round back in 2010.
Founder Collective didn’t respond to a request for comment.
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