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Maven Ventures Secures $60M for Fund IV, Proving Continued Enthusiasm for Consumer Tech Investing

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When prolific venture capital firms Andreessen Horowitz and Lerer Hippeau announced in early 2024 they were pivoting away from consumer tech, it sparked a social media debate about whether there are still opportunities. Jumping in, Maven will be there helping to build the next game-changing health AI company or robotics AI consumer business, he said. Scheinman started the firm in 2013 and brought in Deshpande soon after to focus on consumer AI and personalized medicine. They brought in investment partner Robert Ravanshenas in 2015, and again in 2020 after a stint in a startup operating role, to focus on fintech, longevity and consumer AI. Together the trio remains committed to seeding similar consumer tech trends, including applications of AI, personalized healthcare, climate and sustainability, family technology and fintech.

Fulfillment Remains in Demand: GreyOrange Completes $135M Funding Round

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Headquartered roughly 20 miles north of Atlanta, in suburban Roswell, Georgia, GreyOrange was founded in 2011 – the year before Amazon’s Kiva deal shook the industry. GreyOrange announced a $140 million Series C in 2018 and today announced that it has closed out a $135 million growth financing Series D. Anthelion Capital led the round, which also featured returning investments from Mithril, 3State Ventures and Blume Ventures. Over the years, it has been working to build a full stack solution for warehouse, fulfillment and 3PL needs. That includes Kiva-like AMRs (autonomous mobile robots), forklifts and bin systems for picking, coupled with its own first-party (“hardware-agnostic”) fleet management software. CEO Akash Gupta noted that this round will – in part – go toward delivering systems to customers.

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