Andrew Cleland

Andrew Cleland is a seasoned venture capital investor and currently serves as the Chief Investment Officer at Techstars, having transitioned from his role as Managing Director at Comcast Ventures in January 2024. During his tenure at Comcast Ventures, which lasted approximately eleven years, Cleland was responsible for leading the East Coast investment strategy and establishing key programs focused on early-stage media and technology investments.236

Professional Background

• Comcast Ventures: Cleland was a Managing Director, focusing on investments ranging from $200,000 to $15 million, with a sweet spot around $5 million. He has a notable record of investments in various sectors, including data, machine learning, and the future of work, and has been involved with companies like FanDuel, Enigma Technologies, and SundaySky.135

• Time Warner Investments: Prior to Comcast, he held multiple roles at Time Warner, including Managing Director of Investments, where he concentrated on early-stage media and technology companies.23

• Education: Cleland holds an MBA from INSEAD and an MA in Economics from the University of Edinburgh, which underpins his analytical approach to investment.13

Investment Focus

Cleland has a strong focus on sectors such as marketing technology, sales and customer relationship management, and robotics. His investment strategy emphasizes data-driven companies and innovative technologies.134

Board Memberships

He serves on the boards of several companies, including FanDuel and Enigma, and has played a crucial role in guiding these organizations through various stages of growth and investment.35