Innovation Endeavors
UnclaimedAt a Glance
- Check Size
- $1M – $15M
- Stage
- Seed, Series A
- Sectors
- AI, Deeptech, Biotech
- Founded
- 2010
- HQ
- Palo Alto, CA
About Innovation Endeavors
Innovation Endeavors is a venture capital firm based in Palo Alto, CA founded in 2010. Innovation Endeavors is an early‑stage venture firm investing in the Super Evolution to drive generational change in order to solve problems that matter. The firm focuses on Seed, Series A investments across sectors including AI, Deeptech, Biotech. Notable portfolio companies include Uber, SoFi, Planet Labs, Zymergen and Flatiron Health. Founded by Eric Schmidt, focuses on investing in transformative technologies including sensors, machine learning, and robotics.
Investment Thesis
“Founded by Eric Schmidt, focuses on investing in transformative technologies including sensors, machine learning, and robotics.”
Sector Focus
Investment Stage
Notable Portfolio Companies
Fund History
Eric Schmidt started Innovation Endeavors in 2010 with Dror Berman, Scott Brady and Rick Scanlon, and the firm has raised five funds from Palo Alto. Fund IV closed at $500 million, and Fund V at $630 million in January 2024, the largest in the firm's history.
Fund V is being deployed into 30 to 35 companies at the intersection of science and technology, concentrated in climate, intelligent software, engineering health and supply chain. Across its first fourteen years the firm invested in 115 companies, 34 of which have exited, including SoFi, Uber, Astra, Slice and Zymergen. The fund sizes reflect a strategy of leading seed and Series A rounds in capital-intensive science companies and then reserving heavily to follow on, rather than spreading small checks across a wide portfolio. That reserve-heavy posture is what forced the step up from $500 million to $630 million between vintages.
Team (5)
Frequently Asked Questions
What stage does Innovation Endeavors invest at?
Innovation Endeavors primarily invests at the Seed, Series A stages. This means they focus on companies that are building their initial product and finding product-market fit.
Where is Innovation Endeavors located?
Innovation Endeavors is headquartered in Palo Alto, CA. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Innovation Endeavors focus on?
Innovation Endeavors focuses on investments in AI, Deeptech, Biotech. Their portfolio reflects deep expertise and networks within these sectors.
What is Innovation Endeavors's typical check size?
Innovation Endeavors's typical investment check size ranges from $1M to $15M. Actual amounts may vary based on the stage, sector, and specific opportunity.
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