About Arena Ventures
Arena Ventures is a venture capital firm founded in 2015. It is primarily based out of Los Angeles, United States. As of Mar 2022, Arena Ventures has invested in 41 companies. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Consumer to Enterprise Applications and HealthTech. Most recently it participated in the $***** Series C round of CityMall Overall, Arena Ventures portfolio has seen 2 unicorns and 16 acquisitions including key companies like ClassPass, Clover Health and Aaptiv. A lot of funds co-invest with Arena Ventures, with names like Nexus Venture Partners sharing a substantial percentage of its portfolio.Key Metrics
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Acquisitions
Portfolio Unicorns
Arena Ventures' List of Top Investments
Arena Ventures has a portfolio of 41 companies, including 2 unicorns. Their most notable investments are in Service and Mend.Their portfolio spans across United States, India, Ireland and 1 more locations. They have invested in Consumer, Enterprise Applications, HealthTech and 20 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by Arena Ventures:1. ClassPass
ClassPass is a membership program for fitness classes across multiple gyms and studios. Members can access multiple varieties of classes and engagement in their fitness regime, all at a fixed price. Participating studios benefit by attracting new students and profitably filling excess capacity in classes. ClassPass has also started corporate membership programs.
Key facts about ClassPass
- Founded Year: 2013
- Location: New York City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $550M
- Employee Count: 969 as on Sep 30, 2026
- Investors: eversourcecap.com, Spur Capital and 64 Others
- Latest Funding Round: Series E, Jan 08, 2020, $*****
- Highlight: Acquired
2. CityMall
Online marketplace connecting consumers in emerging urban and rural markets with a wide range of grocery, fashion, and home products. It is a digital marketplace that offers a broad assortment of products—including groceries, fashion, and home essentials—through a mobile app and web portal. The platform focuses on consumers in smaller urban and rural markets, providing a convenient online shopping experience tailored to local needs. It operates as a social commerce venture, leveraging community engagement to drive product discovery and purchase decisions.
Key facts about CityMall
- Founded Year: 2019
- Location: Gurugram (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $159M
- Employee Count: 1,284 as on May 31, 2026
- Investors: Arena Ventures, Elevation Capital and 56 Others
- Latest Funding Round: Series D, Aug 08, 2026, $*****
- Highlight: Editors' Pick
3. Scale AI
Labeled data to train AI applications. The platform leverages enterprise data to customize generative models. The data engine consists of tools and features to collect, curate and annotate data, and to evaluate and optimize models.
Key facts about Scale AI
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $15.9B
- Employee Count: 7,389 as on Sep 30, 2026
- Investors: Harmony Venture Partners, Northgate Capital and 68 Others
- Latest Funding Round: Series G, Jun 12, 2025, $*****
- Highlight: Editors' Pick
4. Headout
Provider of app-based tours and activities booking platform. Travelers are allowed to book the tours through the platform by making an online payment. It also provides last-minute availability and discounts on bookings.
Key facts about Headout
- Founded Year: 2014
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $70.5M
- Employee Count: 786 as on Aug 31, 2026
- Investors: Glade Brook Capital, Evolvence Equity Partners and 36 Others
- Latest Funding Round: Series B, Feb 02, 2022, $*****
- Highlight: Editors' Pick
Provider of medicare advantage plans and related services. It offers various plans, including PPO and HMO options, providing coverage for prescription drugs, doctor visits, and supplemental benefits such as dental, vision, and hearing care. Members have access to online tools to manage their plans, search for in-network providers, and check drug coverage. The company also offers resources and support for providers and agents involved in the medicare advantage market. Services include a provider portal, agent tools, and educational materials about medicare.
Key facts about Clover Health
- Founded Year: 2014
- Location: Jersey City (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $938M
- Employee Count: 756 as on Aug 31, 2026
- Investors: Western Technology Investment, Goldman Sachs and 38 Others
- Latest Funding Round: Series E, Jan 29, 2019, $*****
- Highlight: Editors' Pick
Arena Ventures' Year-on-Year Investment Trends
Arena Ventures has invested in 41 companies over the last 11 years, with an average of 1 new investment annually in the last 10 years. Its most recent first time investment was in CityMall and most recent follow-on round was in Aaptiv.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 | 1 | 0 | 1 |
2021 | 0 | 0 | 0 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
2018 | 0 | 0 | 0 |
2017 | 7 | 4 | 11 |
Arena Ventures' Investments by Stage
Arena Ventures has made 15 investments in Seed stage with an average round size of $1.96M, 5 investments in Series A stage with an average round size of $7.37M and 2 investments in Series C stage with an average round size of $118M.Stage of entry | No. of Investments |
|---|---|
Seed | 15 |
Series A | 5 |
Series C | 2 |
Note: We have considered here, only first round of investments
Arena Ventures' Investments by Sector
Arena Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Food and Agriculture Tech and HealthTech. Notably, it has invested in 40 Tech companies, 32 Consumer (B2C) companies, 17 Software companies and at least 15 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 9 |
Enterprise Applications | 8 |
FinTech | 3 |
Food and Agriculture Tech | 3 |
HealthTech | 3 |
Others | 24 |
Note: We have considered here, only first round of investments
Arena Ventures' Investments by Geography
Arena Ventures has made most investments in United States (20), followed by India where it has made 1 investment.Country | No. of Investments |
|---|---|
United States | 20 |
India | 1 |
Italy | 1 |
Note: We have considered here, only first round of investments
Arena Ventures' recent investments
Arena Ventures has not made any investment in 2026 so far.Here are the most recent investments by Arena Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 08, 2022 | India | Series C | 7100 | [+7] | |
Sep 04, 2019 | United States | Seed | 6511 | [+2] | |
Dec 05, 2017 | United States | Series A | 1087 | [+9] | |
Dec 01, 2017 | United States | Series B | 6648 | [+2] | |
Nov 21, 2017 | United States | Series A | 5056 | [+2] |
Unicorns in Arena Ventures' Portfolio
Arena Ventures has 2 unicorns in its portfolio - Andela and Clover Health. The most recent unicorn in their portfolio is Andela. It became a unicorn in 2021, 5 years before Arena Ventures first invested in it.Here is a list of unicorns in Arena Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Tech talent training and employment solutions provider | 2014 | New York City | Series E | yomymvs | ||
73 | Provider of medicare advantage plans and related services | 2014 | Jersey City | Series E | gdkdpqz |
Acquired companies in Arena Ventures' Portfolio
16 companies from Arena Ventures' portfolio have been acquired. The most recent acquisition was HONK Technologies in Apr 2026 by Frontenac for $*****.Here are Arena Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 07, 2026 | - | - | 4749 | |
Dec 05, 2023 | Feb 23, 2016 | Seed | 3645 | |
Oct 13, 2021 | 2017 | Series A | 1695 | |
Oct 13, 2021 | - | - | 8455 | |
Sep 15, 2021 | - | - | 4717 |
Co-investors of Arena Ventures
Over the past 11 years, 254 investors have co-invested in Arena Ventures's portfolio companies. This includes funds and angels.
- Invested before Arena Ventures: Y Combinator, General Catalyst and 55 others have invested in rounds before Arena Ventures. There are 3 companies where Y Combinator has invested before Arena Ventures and 2 companies where General Catalyst has invested before Arena Ventures.
- Top Co-investors of Arena Ventures: 77 investors entered a company along with Arena Ventures. These include investors like Nexus Venture Partners (2 companies).
- Invested after Arena Ventures: A total of 120 investors have invested in Arena Ventures's portfolio after their investments. Top Investors include Founders Fund (2 companies), FJ Labs (2 companies) and Menlo Ventures (2 companies).
Recent News related to Arena Ventures
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CityMall scoops up $75Mn to further expand ecommerce across India’s smaller towns and citiesTechPortal•Apr 04, 2022•CityMall, Norwest Venture Partners, General Catalyst, CitiusTech and 9 others
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Village Global leads $3.2 mln round for SaltboxPE Hub•Sep 04, 2019•Village Global, Saltbox, Saltbox, MetaProp NYC and 2 others
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Unbound raises $2.7 million for women’s sexual wellnessTechCrunch+•Dec 22, 2017•Unbound, Unbound, Founders Fund, Slow Ventures and 3 others
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Pilotworks Secures $13 Million in Series A Funding Led by Techstars Ventures and Acre Venture PartnersBusiness Wire•Dec 05, 2017•Pilot Works, Techstars, Acre Venture Partners, Slow Ventures and 5 others
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Aaptiv Announces Series A and Series B Financing Rounds Led By Insight Venture PartnersPR Newswire•Dec 01, 2017•Aaptiv, Insight Partners, Outlander VC, Pear VC and 2 others
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Teeth straightening startup Candid raises $15 million from Greycroft, Bessemer and othersTechCrunch+•Nov 21, 2017•Candid, Greycroft, Bessemer Venture Partners, e.ventures and 2 others
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Rinse Raises $14M in Series B Funding |FinSMEsFinSMEs•Jun 22, 2017•Rinse, Javelin Ventures, Arena Ventures, Structure Capital and 2 others
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ProducePay Picks Up $7M Equity, $70M Debt For Farm Financing StartupSocalTECH•Mar 15, 2017•ProducePay, Coventure, Menlo Ventures, Arena Ventures and 2 others
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Medicare Advantage insurer Clover Health raises $160 million in new fundingModern Healthcare•May 20, 2016•Clover Health, Greenoaks, First Round Capital, Sequoia Capital and 9 others
