About Advance
Advance is a venture capital firm founded in 1922. It is primarily based out of New York City, United States. As of Nov 2021, Advance has invested in 32 companies. It primarily invests in Series D round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and Retail. Most recently it participated in the $***** Series D round of HawkEye 360 Overall, Advance portfolio has seen 1 unicorn, 5 IPOs and 14 acquisitions including key companies like Scopely, Compass and Taboola. A lot of funds co-invest with Advance, with names like Marc Benioff sharing a substantial percentage of its portfolio. Advance has team of 67 people including 10 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Series D & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Advance's List of Top Investments
Advance has a portfolio of 32 companies, one of which is a Unicorn. Their most notable investments are in HawkEye 360 and Kno.Their portfolio spans across United States, India and United Kingdom. They have invested in Enterprise Applications, Consumer, Retail and 11 other sectors, across stages such as Series A, Series D and 4 more. Here is the list of top investments by Advance:1. Scopely
Developer of interactive entertainment and video games across multiple platforms. The company creates, publishes, and operates immersive games. It utilizes a technology platform to support a diversified portfolio in the games industry. The company focuses on building long-lasting game experiences.
Key facts about Scopely
- Founded Year: 2011
- Location: Culver City (United States)
- Annual Revenue: £3.31M as on Dec 31, 2021
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.02B
- Employee Count: 3,783 as on Mar 31, 2026
- Investors: Cross Creek, InvestX and 70 Others
- Latest Funding Round: Series E, Oct 28, 2020, $*****
- Highlight: Acquired
2. Compass
Provider of online brokerage services for residential properties. The platform enables users to own a property by discovering properties to seal the deal. Users can browse listings and schedule viewings via the app. The apps are available for Android and iOS devices.
Key facts about Compass
- Founded Year: 2012
- Location: New York City (United States)
- Annual Revenue: $5.63B as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $1.52B
- Employee Count: 34,597 as on Mar 31, 2026
- Investors: Glynn Capital, Fidelity Investments and 40 Others
- Latest Funding Round: Post IPO, Jan 16, 2026, $*****
- Highlight: Public
3. Taboola
Provider of a platform for advertising and driving digital performance. It offers tools for advertisers to manage campaigns and optimize performance. The platform provides solutions for audience targeting and creative ad experiences. It helps businesses increase website engagement, drive leads, and facilitate online purchases.
Key facts about Taboola
- Founded Year: 2007
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $160M
- Employee Count: 2,024 as on Mar 31, 2026
- Investors: Fidelity Investments, Robyn Capital and 26 Others
- Latest Funding Round: Post IPO, Nov 28, 2022, $*****
- Highlight: Public
Online retailer of apparel and accessories via rental subscription service. It provides a platform to select and rent clothing items. Customers can choose items from various designers and brands. The service allows users to wear styles and return them.
Key facts about Rent the Runway
- Founded Year: 2009
- Location: New York City (United States)
- Annual Revenue: $306M as on Jan 31, 2025
- Stage: Public
- Total Funding till date: $326M
- Employee Count: 868 as on Mar 31, 2026
- Investors: TCV, Saints Capital and 30 Others
- Latest Funding Round: Series E, Oct 28, 2020, $*****
- Highlight: Public
5. Conde Nast
Mass media company owning various print, digital, and video brands. It portfolio includes titles such as Vogue, Vanity Fair, Glamour, Brides, Self, GQ, GQ Style, The New Yorker, Conde Nast Traveler, Allure, Architectural Digest, Bon Appétit, Epicurious, Wired, W, Golf Digest, Golf World, Teen Vogue, Ars Technica, The Scene, Pitchfork, and Backchannel.
Key facts about Conde Nast
- Founded Year: 1909
- Location: New York City (United States)
- Annual Revenue: ₹379Cr as on Mar 31, 2025
- Stage: Funding Raised
- Employee Count: 569 as on Jun 30, 2022
- Investors: Advance, Attic Ventures and 1 Other
Advance's Year-on-Year Investment Trends
Advance has invested in 41 companies over the last 26 years, with an average of 0 new investment annually in the last 10 years. Its most recent first time investment was in Scopely and most recent follow-on round was in HawkEye 360.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 0 | 0 | 0 |
2021 | 0 | 2 | 2 |
2020 | 1 | 0 | 1 |
2019 | 1 | 0 | 1 |
2018 | 0 | 0 | 0 |
2017 | 1 | 0 | 1 |
Advance's Investments by Stage
Advance has made 6 investments in Series A stage with an average round size of $13.9M, 5 investments in Series D stage with an average round size of $107M and 3 investments in Series B stage with an average round size of $13.4M.Stage of entry | No. of Investments |
|---|---|
Series A | 6 |
Series D | 5 |
Series B | 3 |
Series C | 3 |
Series E | 2 |
Others | 1 |
Note: We have considered here, only first round of investments
Advance's Investments by Sector
Advance has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, Media & Entertainment and EdTech. Notably, it has invested in 23 Tech companies, 19 Enterprise (B2B) companies, 16 Consumer (B2C) companies and at least 12 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 9 |
Enterprise Applications | 9 |
Retail | 6 |
Media & Entertainment | 5 |
EdTech | 3 |
Others | 8 |
Note: We have considered here, only first round of investments
Advance's Investments by Geography
Advance has made most investments in United States (20).Advance's recent investments
Advance has not made any investment in 2026 so far.Here are the most recent investments by Advance:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 05, 2021 | United States | Series D | 2460 | [+13] | |
Apr 09, 2021 | United States | Series C | 1152 | [+5] | |
Mar 19, 2020 | United States | Series D | 9828 | ||
Nov 11, 2019 | United States | Series B | 5855 | - | |
Apr 26, 2017 | United States | Series D | 1377 | [+6] |
Unicorns in Advance's Portfolio
Advance has 1 unicorn in its portfolio - Guild. The most recent unicorn in their portfolio is Guild which became a unicorn in 2019, 6 years before Advance first invested in it.Here is a list of unicorns in Advance's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of corporate training solutions | 2015 | Denver | Series F | ixplbot |
IPOs and Publicly Listed companies in Advance's Portfolio
5 of Advance's portfolio companies have become public. Rent the Runway got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Oct 2021 at marketcap of $1.32B and Taboola got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).Here are Advance's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 27, 2021 | Jan 02, 2015 | Series D | 4252 | |
Jun 30, 2021 | Feb 04, 2015 | Series E | 4120 | |
Apr 01, 2021 | Oct 10, 2013 | Series A | 7235 | |
Jul 08, 2005 | - | - | 4650 | |
Nov 09, 1999 | - | - | 3023 |
Acquired companies in Advance's Portfolio
14 companies from Advance's portfolio have been acquired. The most recent acquisition were Warner Bros. Discovery in Feb 2026 by Paramount.Here are Advance's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 27, 2026 | - | - | 1100 | |
Jan 02, 2025 | Apr 26, 2017 | Series D | 4558 | |
Apr 05, 2023 | Mar 19, 2020 | Series D | 5774 | |
Sep 15, 2022 | May 2013 | Series A | 2925 | |
Nov 15, 2021 | - | - | 7163 |
Team profile of Advance
Advance has a team of 67 members including 10 Partners, 1 Venture Partner and 23 Principals located in United States, United Kingdom and 1 more location. Advance's team does not sit on the board of any company as of now.Here is a list of top team members in Advance:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | - | - | ||
Partner | Pakistan | - | ||
Partner | United States | - | ||
Partner | - | - | ||
Partner | New York | - | ||
Partner | New York City | - | ||
Partner | Brookings | - | ||
Partner | Brooklyn | - | ||
Partner | Denver | - | ||
Venture Partner | New York City | - |
Co-investors of Advance
Over the past 26 years, 217 investors have co-invested in Advance's portfolio companies. This includes funds and angels.
- Invested before Advance: New Enterprise Associates, Lerer Hippeau and 104 others have invested in rounds before Advance. There are 4 companies where New Enterprise Associates has invested before Advance and 3 companies where Lerer Hippeau has invested before Advance.
- Top Co-investors of Advance: 36 investors entered a company along with Advance. These include investors like Marc Benioff (2 companies).
- Invested after Advance: A total of 75 investors have invested in Advance's portfolio after their investments. Top Investors include Wellington (2 companies), BlackRock (2 companies) and Fidelity Investments (2 companies).
Recent News related to Advance
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Advance Appoints Samuel Powers Chief Development OfficerPR Newswire•Jul 23, 2024•Advance, Bank of America
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SoftBank leads Vestiaire Collective's € 178 million fundraisingUsine Digitale•Sep 22, 2021•Vestiaire Collective, Generation Investment Management, SoftBank Vision Fund, Bpifrance and 4 others
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AT&T-Warner Deal Puts Some Discovery Insiders Ahead From the StartThe Wall Street Journal•May 19, 2021•Advance, AT&T, Discovery
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Compass Seeks $500m In Initial Public OfferingGlobal Corporate Venturing•Mar 02, 2021•Compass Group, Advance, SoftBank
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United Group acquires Nova BroadcastingAdvanced Television•Dec 29, 2020•United Group, Nova, Nova, and 1 other
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BITKRAFT Raises $165M Funding for its BITKRAFT Venture Fund IEsports Observer•Aug 27, 2020•BITKRAFT Ventures, Declaration Partners, JSCapital, adidas and 4 others
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Mastercard fulfils IfOnly purchaseGlobal Corporate Venturing•Aug 26, 2020•Mastercard, IfOnly, Hyatt, Sotheby's and 2 others
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Wanda Sports Completes Sale Of The Ironman GroupSGB Media•Jul 20, 2020•Wanda Group, IRONMAN, Advance
