Founded by Rufus Lumry in 1991, Acorn Ventures focuses on finding and funding early-stage companies in the technology industry. With a preference for startups in the Private Social Networking and Professional Networking sectors, Acorn Ventures typically invests in rounds with 5-6 participants. The fund has a track record of investing in companies that are 2-3 years old and have the potential to make industry-changing leaps in technology and applications. Acorn Ventures has been actively involved in less than 2 investment rounds annually, with its highest activity in 2016. The fund typically invests in deals ranging from $10 million to $50 million and has a higher than average amount of lead investments compared to other organizations.