Description
Route 66 Ventures is a venture capital firm based in Alexandria, Virginia, USA that invests in early and growth-stage technology companies — with a particular focus on digital health & wellness and financial technology, though it has broader interests across other tech sectors as well.
Pre-Seed / Seed: Participates as an early-stage investor — typically in seed rounds where the company has early traction but needs institutional capital.
Series A: Active participant, often co-leading or strongly syndicating into Series A rounds.
Series B & Beyond: May continue into later institutional rounds, though primary focus remains on scaling earlier-stage companies.
Typical Check Size: Roughly $500K – $4M into companies at seed and early institutional stages, depending on valuation and syndicate context.
Typical Ownership Taken: ~8%–15% estimated — In seed/Series A rounds where Route 66 Ventures is a major institutional participant or co-lead, early VCs with check sizes in this range commonly negotiate mid-single-digit to low-double-digit minority stakes. (Exact public disclosure of target ownership isn’t available; this estimate reflects standard institutional VC practice given their check sizes.)
Ownership Style: Minority, non-controlling but meaningful institutional equity; terms are negotiated per deal.
Equity Structure: Preferred equity in priced rounds (common for seed/Series A) or occasionally SAFEs/convertibles aligned with round norms.
Board/Governance: May take board or observer roles where ownership and strategic involvement justify governance participation.
Submission Method: Route 66 Ventures does not list a public inbound portal like some seed angels; engagements typically occur via warm introductions, ecosystem networks, and investor syndicates.
Lead Behavior: Comfortable co-leading rounds and partnering with other institutional investors.
Eligibility
Sector Focus:
• Digital Health & Wellness — prevention-oriented, data-driven healthcare innovations.
• Financial Technology — payments, lending, analytics, blockchain applications, insurance tech, and related services.
• Other technology sectors where founders drive systemic impact.
Stage: Early institutional (seed through Series A/B).
Geography: Primarily U.S.-based companies; selective global participation.
Company Profile: Venture-scale tech ventures with strong teams and growth potential.
Process
Initial Intake: Review of deck, traction, and strategic fit with health/fintech thesis.
Partner Diligence: Deep dives into market, product, team, and thesis alignment.
Term Negotiation: Ownership percentage and governance negotiated with founders and syndicate partners.
Closing: Coordinated with co-investors in seed/Series A rounds.
What an Applicant can Obtain
Strategic Capital: Institutional funding in the $500K–$4M range for early-stage growth.
Mentorship & Network: Hands-on guidance, introductions to health/fintech domain experts, and co-investors.
Governance Support: Board or observer engagement based on ownership and stage.
Follow-On Capital: Participation in subsequent institutional financing rounds.