Winklevoss Capital Management

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Winklevoss Capital
Private
Industry Venture Capital
Founded 2012
Founders Tyler Winklevoss and Cameron Winklevoss
Headquarters Flatiron District, New York City,
NY
, United States
Website WinklevossCapital.com

Winklevoss Capital is a family office founded in 2012 by Tyler Winklevoss and Cameron Winklevoss.[1] The firm invests across many asset classes with an emphasis on providing seed funding and infrastructure to early-stage startups.[2] The company is headquartered in New York’s Flatiron District.[2]

Portfolio Companies[edit]

SumZero - On September 20, 2012, Winklevoss Capital announced a $1.1 million Series A investment in SumZero, an online community of investment professionals ("buy-side" analysts) employed at hedge funds, mutual funds, and private equity funds.[3] SumZero was founded in 2008 by Divya Narendra and Aalap Mahadevia.[3]

Hukkster - On November 23, 2012, Winklevoss Capital led a $750,000 investment in online shopping startup Hukkster.[4] The site is a savings manager that allows shoppers to track online merchandise and then receive a notification when the price drops.[5] On May 14, 2013, Hukkster announced a $2 million series seed financing, also led by Winklevoss Capital.[6]

Keepy - Keepy is a private platform for families to share and save photos, art, schoolwork and mementos with video and audio commentary. On October 15, 2013, Keepy announced a $1.1 million series seed investment from eight participants, including Winklevoss Capital.[7]

Lenda - On July 29, 2014, Winklevoss Capital invested in the $1.54 million seed round of online mortgage loan refinancing company Lenda.com. Lenda announced closing the $1.54 million on October 15, 2014 and named Winklevoss Capital as one of eight investors.[8]

Bitcoin[edit]

On April 11, 2012, Tyler Winklevoss and Cameron Winklevoss revealed ownership of approximately 1% of bitcoins in circulation via Winklevoss Capital.[9] The brothers began buying bitcoin when the value of a single coin was in the single digits.[9]

ETF Filing[edit]

On July 1, 2013, Math-Based Asset Services (wholly owned by Winklevoss Capital) filed a Form S-1 with the U.S. Securities and Exchange Commission to create the Winklevoss Bitcoin Fund, an exchange-traded fund for bitcoin.[10]

References[edit]

  1. ^ Thompson, Cadie (27 April 2012). "The Cloud Is Going to Be Huge: Winklevoss Twins". CNBC. Retrieved 23 July 2013. 
  2. ^ a b McKinley, Jesse (23 March 2013). "Finding Their Next Facebook". New York Times. Retrieved 23 July 2013. 
  3. ^ a b Jannarone, John (17 September 2012). "The Return of Facebook's Winklevoss Twins". Wall Street Journal. Retrieved 23 July 2013. 
  4. ^ Lattman, Peter (13 November 2012). "Winklevoss Twins Lead Investment in Start-Up Shopping Site". New York Times. Retrieved 23 July 2013. 
  5. ^ Thompson, Cadie (26 November 2012). "Here's the Sale Shopping Site the Winklevoss Twins Are Backing". CNBC. Retrieved 23 July 2013. 
  6. ^ Casserly, Meghan (14 May 2013). "Hukkster Raises $2 Million To Add Taste-Makers To Discount Fashion". Forbes. Retrieved 23 July 2013. 
  7. ^ Ryan Lawler (October 15, 2013). "Keepy Raises $1.1 Million To Store All Your Kids’ Artwork And Mementos". TechCrunch. 
  8. ^ Barry Levine (October 15, 2014). "Startup Lenda nabs $1.54M to disrupt home refinancing". VentureBeat. 
  9. ^ a b Popper, Nathaniel (11 April 2013). "Never Mind Facebook; Winklevoss Twins Rule in Digital Money". New York Times. Retrieved 23 July 2013. 
  10. ^ Popper, Nathaniel (1 July 2013). "Winklevoss Twins Plan First Fund for Bitcoins". New York Times. Retrieved 23 July 2013.