Floodgate Fund

Last updated
Floodgate Fund
Company typeVenture fund
Industry Finance
FoundedMarch 2010 (as Floodgate Fund) [1]
Founder
  • Mike Maples Jr.
  • Ann Miura-Ko
Website floodgate.com

Floodgate Fund is a venture capital firm based in the United States created by Mike Maples Jr. and Ann Miura-Ko. It was originally named Maples Investments, but was renamed Floodgate Fund in March 2010. [1] It is focused on investments in technology companies in Silicon Valley.

Contents

Investments

Mike Maples at South by Southwest in 2017 Mike Maples (Floodgate) @ SXSW 2017 (33547017445).jpg
Mike Maples at South by Southwest in 2017

In October 2021, Floodgate raised $146 million for its seventh fund. In previous years, their sixth fund closed at $131 million, their fifth fund closed at $76 million, the fourth fund closed at $75 million and their third fund at $73.5 million. [2]

Floodgate has invested in a number of companies [3] including Twitter, Digg, location-based services company Gowalla, professional networking service BranchOut, [4] [5] Chegg, Formstack, Milk Inc., [6] TaskRabbit, [7] self-storage marketplace SpareFoot, [8] and seasteading platform company Blueseed. [9]

As of 2017, they've also invested in Lyft, Refinery29, LabDoor, education startup MissionU, legal discovery startup, TextIQ, Okta [10] and Rappi. [2] Floodgate was also an early investor in Applied Intuition, a software company for autonomous vehicles.

Media coverage

Floodgate Fund and Mike Maples have been covered in TechCrunch [1] and Forbes . [11] Mike Maples of Floodgate was also interviewed about his investment philosophy by Sarah Lacy for TechCrunch TV. [12]

References

  1. 1 2 3 Arrington, Michael (2010-03-24). "Mike Maples Goes Pro As A Venture Capitalist, Launches FLOODGATE". TechCrunch .
  2. 1 2 "Floodgate closes sixth fund with $131 million – TechCrunch". techcrunch.com. 2 March 2017. Retrieved 2018-04-11.
  3. ↑ "Companies". Floodgate. Archived from the original on 2012-12-03. Retrieved 2012-12-14.
  4. ↑ Schoenfeld, Erick (2010-09-17). "Facebook Job-Hunting App BranchOut Raises $6 Million From Accel And Super Angels". TechCrunch . Retrieved 2012-12-14.
  5. ↑ Klein, Julie (2011-05-11). "Deals & More: BranchOut grabs $18M to help you job hunt on Facebook". VentureBeat . Retrieved 2012-12-14.
  6. ↑ Lacy, Sarah (2011-04-26). "Milk Completes $1.5 Million Angel Round, Packed with Valley Names". TechCrunch . Retrieved 2012-12-14.
  7. ↑ Tsotsis, Alexia (2011-05-04). "TaskRabbit Gets $5M From Shasta Ventures, First Round And Others To Help People Get Stuff Done". TechCrunch . Retrieved 2012-12-14.
  8. ↑ "FLOODGATE Backs SpareFoot". 2011-03-08. Retrieved 2013-08-13.
  9. ↑ Banister, Cyan (2012-12-13). "Mike Maples Gets On Board Blueseed's Sea Platform". TechCrunch . Retrieved 2012-12-13.
  10. ↑ "Okta unveils $50M in-house venture capital fund". TechCrunch . 2019-04-03.
  11. ↑ Cohan, Peter (2012-12-11). "How Mike Maples, Jr. Became One Of Silicon Valley's Great Investors". Forbes . Retrieved 2012-12-14.
  12. ↑ Lacy, Sarah (2011-03-08). "Mike Maples: Why I Don't Go for the Flip and the Three Deals that Got Away (TCTV)". TechCrunch . Retrieved 2012-12-14.
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