Comcast Ventures is the venture capital affiliate of Comcast Corporation, established in January 1999 and headquartered in San Francisco, California, with additional offices in New York, Los Angeles, Philadelphia, and Santa Monica. The firm specializes in making returns-focused investments across various stages of company development, from seed to late-stage growth, typically investing between $2 million and $25 million. Comcast Ventures targets a diverse range of sectors, including advertising, consumer services, enterprise solutions, healthcare, and technology, with a keen interest in digital media, infrastructure, cybersecurity, and emerging technologies such as artificial intelligence and machine learning. The firm aims to partner with entrepreneurs who are building transformative companies and often seeks to take a minority stake, sometimes acting as a lead investor. Comcast Ventures has a particular focus on supporting businesses founded by underrepresented ethnic minority entrepreneurs and prefers investments across the United States and Canada, with a notable emphasis on New York.
One Kearny Building 23 Geary Street 10th Floor San Francisco, CA 94108
1335 4th Street, 4th Floor Santa Monica, CA 90401
588 Broadway Suite 202 New York, NY 10012
One Comcast Center 55th Floor 1701 John F. Kennedy Blvd Philadelphia, PA 19103-2838
Kim Armor
Managing Director and CFO
Kai Bond
Partner
Ryan Lee
Senior Associate
Dinesh Moorjani
Managing Director
Kyle Peters
Director, Finance
Past deals in Pennsylvania
DrayNow
Series A in 2020
DrayNow, Inc. is a technology company based in Pipersville, Pennsylvania, founded in 2017. It operates a real-time marketplace designed specifically for intermodal trucking, connecting freight with carriers efficiently. This platform allows intermediaries to engage with more carriers, ensuring constant visibility of shipment locations and statuses. Additionally, it facilitates truckers in comparing rates, reviewing load details, and selecting available loads in their vicinity in real-time. By leveraging advanced technology, DrayNow enhances operational efficiency for companies within the intermodal industry, helping them achieve optimal capacity, service levels, visibility, and profitability.
Orai
Seed Round in 2019
Orai is a Philadelphia-based company founded in 2016 that develops an artificial intelligence-driven public speaking application. This app provides users with instant feedback on their speech, helping them improve their oratory skills through guided lessons and detailed analysis. Orai's technology utilizes machine learning to analyze voice recordings, identify filler words, and enhance overall communication effectiveness. With a user base exceeding 300,000 on iOS and Android platforms, the application has delivered AI-driven feedback on over 2 million recordings. Orai serves not only individual users but also enterprises, offering a scalable and cost-effective solution for communication and soft skills training.
DrayNow
Series A in 2018
DrayNow, Inc. is a technology company based in Pipersville, Pennsylvania, founded in 2017. It operates a real-time marketplace designed specifically for intermodal trucking, connecting freight with carriers efficiently. This platform allows intermediaries to engage with more carriers, ensuring constant visibility of shipment locations and statuses. Additionally, it facilitates truckers in comparing rates, reviewing load details, and selecting available loads in their vicinity in real-time. By leveraging advanced technology, DrayNow enhances operational efficiency for companies within the intermodal industry, helping them achieve optimal capacity, service levels, visibility, and profitability.
Accolade
Series F in 2018
Accolade, Inc. is a technology-driven company that offers solutions to help individuals navigate the complexities of the healthcare system and workplace benefits in the United States. The company provides a cloud-based platform complemented by support from a team of health assistants and clinicians, including nurses and behavioral health specialists. Accolade's services are primarily aimed at employers who seek to enhance the healthcare experience for their employees and their families. By focusing on personalized health and benefits solutions, Accolade aims to improve healthcare outcomes while managing costs and increasing employee engagement. Founded in 2007, Accolade is headquartered in Plymouth Meeting, Pennsylvania.
Accolade
Series C in 2013
Accolade, Inc. is a technology-driven company that offers solutions to help individuals navigate the complexities of the healthcare system and workplace benefits in the United States. The company provides a cloud-based platform complemented by support from a team of health assistants and clinicians, including nurses and behavioral health specialists. Accolade's services are primarily aimed at employers who seek to enhance the healthcare experience for their employees and their families. By focusing on personalized health and benefits solutions, Accolade aims to improve healthcare outcomes while managing costs and increasing employee engagement. Founded in 2007, Accolade is headquartered in Plymouth Meeting, Pennsylvania.
BodyMedia
Venture Round in 2012
BodyMedia pioneered the development of wearable body monitors that collect physiological data for use in improving health, wellness and fitness. Founded in 1999, the company today provides a variety of around-the-clock on-body monitors utilizing proprietary technology that has been clinically validated for accuracy. Data captured by BodyMedia devices is used by consumers as well as health and wellness professionals to guide behavioral changes to control weight and promote an active lifestyle – two factors that are routinely cited as keys to combat and manage serious medical conditions. BodyMedia has amassed one of the largest databases of information about the human body, and the technology has been used in more than 100 clinical research studies covering health issues such as obesity, COPD, diabetes, cystic fibrosis, cancer, bariatrics, sleep and intensive care. BodyMedia is privately held and based in Pittsburgh, PA. For more information, visit www.bodymedia.com.
SnipSnap
Seed Round in 2011
SnipSnap allows anyone to convert a printed coupon into a digital, mobile format, which they can easily search and retrieve on their smartphone. All a user needs to do is snap a picture of the offer (be it from a newspaper insert, direct-mail piece, or otherwise) and the app works its magic to scan all of the printed text and images. Once scanned, a user can not only redeem, but also get expiration-date notifications and in-store reminders. Ted Mann left Gannett (Ted was Digital Development Director for the 6 NJ newspapers) to found SnipSnap and build the company after being accepted into the DreamIt Ventures accelerator program. Kostas Nasis was formerly CTO for a mobile development firm, Amphetamobile, and Kyle Martin was a Senior Multimedia Designer at QVC.
Accolade
Series B in 2010
Accolade, Inc. is a technology-driven company that offers solutions to help individuals navigate the complexities of the healthcare system and workplace benefits in the United States. The company provides a cloud-based platform complemented by support from a team of health assistants and clinicians, including nurses and behavioral health specialists. Accolade's services are primarily aimed at employers who seek to enhance the healthcare experience for their employees and their families. By focusing on personalized health and benefits solutions, Accolade aims to improve healthcare outcomes while managing costs and increasing employee engagement. Founded in 2007, Accolade is headquartered in Plymouth Meeting, Pennsylvania.
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