Andrew Pitts, Investment Manager at Transamerica Ventures, details their fund-of-funds check sizes into venture capital firms with digital marketing expertise.
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“I think it was a two million dollar check.”
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More from Andrew Pitts
AssertionNot checkable as stated
Deutsche Telekom blocked deals in Facebook, Waze, and Skype
“You know, the funny story we always tell my boss's previous life is, you know, he missed Be Around Facebook and Seed Stage Ways. And a round Skype because Deutsche Telekom said these aren't strategic enough to us.”
Andrew PittsOct 29, 2017▶ 8:47827: VC: $140m FinTech, InsurTech Fund on How They Invest
Disclosure
Transamerica Ventures refuses to share portfolio data with parent Aegon
“Although when it comes to information rights for companies, we don't share company information with our parent company. We share industry trends. We share what they're doing. We share learnings from them. But we won't share, we refuse to share revenue numbers …”
Andrew PittsOct 29, 2017▶ 4:24827: VC: $140m FinTech, InsurTech Fund on How They Invest
Disclosure
Transamerica executives committed to launch Fund II
“Just recently our executives have said this is going well so far, so we'll commit to a fund too. We don't have anything in terms of size, but or anything like that, but they're at least interested in continuing kind of the experiment of a CVC fund for an insur…”
Andrew PittsOct 29, 2017▶ 3:09827: VC: $140m FinTech, InsurTech Fund on How They Invest
Disclosure
Transamerica Ventures has deployed $60M across 17 companies
“17 unique companies, 23 investments in those. And I think about sixty million put to work.”
Andrew PittsOct 29, 2017▶ 3:48827: VC: $140m FinTech, InsurTech Fund on How They Invest
Disclosure
Transamerica Ventures invested $1M in FinTech Collective Fund I
“A million dollars.”
Andrew PittsOct 29, 2017▶ 6:55827: VC: $140m FinTech, InsurTech Fund on How They Invest
Disclosure
Transamerica Ventures team receives no traditional carried interest
“Because we're not investors in our own fund, we don't get carry in the traditional sense, and that's fine.”
Andrew PittsOct 29, 2017▶ 8:33827: VC: $140m FinTech, InsurTech Fund on How They Invest
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