Where is Advance's headquarters located?

Advance's headquarters is located in New York City ( United States ).

How big is Advance's investment team?

Advance has a team of 71, including 18 partners.

How many companies has Advance invested in?

Advance has invested in 32 companies, including Scopely & Rent the Runway.

Which companies has Advance invested in lately?

HawkEye 360 & HawkEye 360 are the latest investments by Advance.

What sectors does Advance focus on for investments?

Top sectors in Advance's portfolio are Enterprise Applications (12 investments) and Consumer (10 investments).

What stages of companies does Advance typically invest in?

Advance primarily invests in Series A and Series D stages.

How many exits has Advance been involved in?

Advance's portfolio has seen 6 IPOs and 13 acquisitions.

How many unicorns are there in Advance's portfolio?

There is 1 unicorn in Advance's portfolio.

Advance - 2025 Investor Profile, Portfolio, Team & Investment Trends - Tracxn

1. Scopely

Mobile game developer focusing on the development of casual games. It creates, publishes, and live-operates immersive games that empower a directed-by-consumer experience across multiple platforms from mobile, web, PC and beyond. The company's portfolio of games includes Garden joy, Kingdom maker, Temple run, and more.

Key facts about Scopely

Founded Year: 2011
Location: Culver City (United States)
Annual Revenue: £3.31M as on Dec 31, 2021
Last Known Valuation: $3.3B as on Oct 28, 2020
Stage: Acquired
Total Funding till date: $1.02B
Employee Count: 746 as on Dec 31, 2023
Investors: CPP Investments, TPG and 69 Others
Latest Funding Round: Series E, Oct 28, 2020, $340M
Highlight: Acquired

2. Rent the Runway

Online rental platform offering multi-category fashion products and accessories. The product catalog includes shirts, pants, shorts, skirts, single-piece dresses, wedding wears, activewear, jewelry, handbags, sunglasses, and more. The mobile application is available on the iOS platform.

Key facts about Rent the Runway

Founded Year: 2009
Location: New York City (United States)
Annual Revenue: $298M as on Jan 31, 2024
Stage: Public
Total Funding till date: $326M
Employee Count: 850 as on Dec 31, 2023
Investors: TCV, Kleiner Perkins and 30 Others
Latest Funding Round: Series E, Oct 28, 2020
Highlight: Public

3. Astra

Provider of space-based solutions for mission launch services. It provides users with a company that offers standard satellite delivery solutions that fit into a 1U or 3U deployer into low-Earth orbit and direct online reservations for orbital deliveries. It also produces rockets that are designed for facilitating daily spaceflights.

Key facts about Astra

Founded Year: 2016
Location: Alameda (United States)
Stage: Series B
Total Funding till date: $136M
Employee Count: 317 as on Dec 31, 2022
Investors: Advance, B. Riley Financial and 13 Others
Latest Funding Round: Series B, May 20, 2024, $5.27M
Highlight: Editors' Pick

4. Taboola

Platform offering ad network solution. The platform allows publishers, marketers, and agencies to retain users on websites, monetize traffic, and distribute content to drive audiences. Its technology analyzes professional and user generated content and anonymously studies the viewing patterns and behavior of viewers to generate content recommendations. The platform helps advertisers to create and launch native ad campaigns and enables publisher monetization.

Key facts about Taboola

Founded Year: 2007
Location: New York City (United States)
Stage: Public
Total Funding till date: $160M
Employee Count: 281 as on Dec 31, 2022
Investors: Evergreen Venture Partners, Fidelity Investments and 25 Others
Latest Funding Round: Post IPO, Nov 28, 2022
Highlight: Public

5. Discovery Communications

Discovery Communications is an entertainment group producing TV programs. The company mainly engages in the production of non-fictional TV programs. Some of its notable productions include Alaska: The Last Frontier, Doomsday plan, Neat Freaks, etc. Its subsidiaries & divisions include Discovery Networks U.S, Discovery Networks International, Discovery Education, Group Nine Media, and among others. Also owns and operates more than 19 channels. In 2021, the company recorded annual revenues of $10.67B, and a net profit of $1.21B.

Key facts about Discovery Communications

Founded Year: 1985
Location: Silver Spring (United States)
Annual Revenue: ₹1,170Cr as on Mar 31, 2022
Stage: Public
Employee Count: 35,300 as on Dec 31, 2023
Investors: Advance, Paulson & Co and 1 Other
Latest Funding Round: Conventional Debt, May 28, 2019, $1.48B
Highlight: Public

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Advance has invested in 41 companies over the last 25 years, with an average of 1 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.

Here are Advance's Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2025 (YTD)	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
2016	1	1	2

View all investments by Advance

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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.

Here are Advance's investments by stage:

Note: We have considered here, only first round of investments

Stage of entry	No. of Investments
Series A	6
Series D	5
Series B	3
Series C	3
Series E	2
Others	1

View all investments by Advance

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, 17 Enterprise (B2B) companies, 14 Consumer (B2C) companies and at least 10 companies focusing on Software.

Here are Advance's investments by sector:

Note: We have considered here, only first round of investments

Sector	No. of Investments
Consumer	9
Enterprise Applications	9
Retail	6
Media & Entertainment	5
EdTech	3
Others	8

View all investments by Advance

Advance has made most investments in United States (20).

View all investments by Advance

Advance has not made any investment in 2025 so far.

Here are the most recent investments by Advance:

Date	Company	Location	Round Details	Round Amount	Co-Investors
Nov 05, 2021	HawkEye 360	United States	Series D	$150M	Insight Partners [+13]
Apr 09, 2021	HawkEye 360	United States	Series C	$55M	NightDragon [+5]
Mar 19, 2020	Scopely	United States	Series D	$200M	TCG Ventures
Nov 11, 2019	HawkEye 360	United States	Series B	$15M	-
Apr 26, 2017	EVERFI	United States	Series D	$190M	TPG [+6]

Get the detailed list of all investments by Advance. Download now!

See more recent investments made by Advance

Advance has 1 unicorn in its portfolio - Guild. The most recent unicorn in their portfolio is Guild which became a unicorn in 2019, 5 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
56	Guild	Provider of corporate training solutions	2015	Enterprise Applications	Denver	Series F	uyzoafs

View more details about unicorns in Advance's portfolio

6 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
Rent the Runway	Oct 27, 2021	Jan 02, 2015	Series D	$60M
Taboola	Jun 30, 2021	Feb 04, 2015	Series E	$117M
Compass	Apr 01, 2021	Oct 10, 2013	Series A	$28.2M
Warner Bros. Discovery	Jul 18, 2005	-	-	-
Discovery Communications	Jul 08, 2005	-	-	-

View more details about public companies in Advance's portfolio

13 companies from Advance's portfolio have been acquired. The most recent acquisition were EVERFI.

Here are Advance's portfolio companies that got acquired most recently:

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
EVERFI	Jan 02, 2025	Apr 26, 2017	Series D	$190M
Scopely	Apr 05, 2023	Mar 19, 2020	Series D	$200M
Domino	Sep 15, 2022	May 2013	Series A	Undisclosed
EVRYTHNG	Nov 15, 2021	-	-	-
IfOnly	Aug 25, 2020	Feb 08, 2016	Series B	$10.2M

View all acquired companies in Advance's portfolio

Advance has a team of 71 members including 18 Partners, 1 Venture Partner and 40 Principals located in United States, United Kingdom and 1 more locations. 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
Warren Thune	Partner	-	-	2 Emails
Alberto Montagna	Partner	-	-	1 Email
Arshad Kamal	Partner	Pakistan	-	1 Email
Christina Cruz	Partner	New York City	-	2 Emails
Samuel Powers	Partner	United States	-	1 Email
Janine McGrath Shelffo	Partner	New York City	-	1 Email
Steve Newhouse	Partner	-	-	1 Email
Christopher Smedberg	Partner	New York	-	1 Email
Igor Perelman	Partner	New York City	-	1 Email
Cheryl Lacey	Partner	Montrose	-	1 Email
Brad Stoutenburgh	Partner	New York City	-	1 Email

Get the full list of Advance's team & partners for free. Download now!

View team details of Advance

Over the past 25 years, 211 investors have co-invested in Advance's portfolio companies.

Invested before Advance: New Enterprise Associates, Lerer Hippeau and 91 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: 49 investors entered a company along with Advance. These include investors like Fidelity Investments (2 companies).
Invested after Advance: A total of 69 investors have invested in Advance's portfolio after their investments. Top Investors include Wellington (2 companies), BlackRock (2 companies) and Fidelity Investments (2 companies).