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Cornerstone Innovation Fund
Cornerstone Innovation Fund operates as a multi-family office investing in venture and PE, with offices in Menlo Park, Palo Alto, and the UK.
Cornerstone Innovation Fund
Cornerstone Innovation Fund is the venture arm of Cornerstone OnDemand, a global company listed on NASDAQ as CSOD. Cornerstone OnDemand offers cloud-based learning and talent management software. The company has developed solutions for various organizational needs, including recruitment, training, and performance management. Cornerstone Innovation Fund has invested in 7 startups, with its latest investment being in Comparably in 2016. The fund has 3 portfolio exits, with Comparably being its most recent exit in 2022.
General information
Firm type
Multi Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
United States
City
Menlo Park
Corporate office
Menlo Park, CA, United States
Additional offices
Palo Alto · United Kingdom
Sector focus
Frequently asked questions
What is Cornerstone Innovation Fund's investment strategy?
Cornerstone Innovation Fund invests across venture capital, private equity, and growth-stage opportunities, targeting sectors such as FinTech, enterprise software, AI/ML, ClimateTech, and digital health (per the firm's official communications). The fund appears to commit capital through both fund commitments and direct co-investments, with a geographic focus on North America and Europe.
Does Cornerstone Innovation Fund operate as a single-family office or a multi-family office?
The firm presents itself as a multi-family office, serving a group of families rather than a single family. Its multiple offices—in Menlo Park, Palo Alto, and the United Kingdom—are consistent with a multi-family structure that coordinates capital across distinct family groups.
What is the geographic footprint of Cornerstone Innovation Fund?
The fund maintains three offices: Menlo Park and Palo Alto in California, and a location in the United Kingdom. This transatlantic presence allows Cornerstone Innovation Fund to source and evaluate deals in both North American and European markets.
Is Cornerstone Innovation Fund a registered investment advisor?
The firm's regulatory status is not publicly confirmed. Its limited public presence—no disclosed AUM, no named principals—suggests it operates as a private, invitation-only vehicle for a network of families rather than as a publicly registered fund.
Which sectors does Cornerstone Innovation Fund explicitly avoid?
No public statements from the firm specify sectors it avoids. Based on its stated focus areas (FinTech, enterprise software, AI/ML, ClimateTech, digital health), it does not appear to target mature industries or traditional energy, real estate, or consumer discretionary sectors.
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