# David Coats

> David Coats is a seed investor at Correlation Ventures (San Diego) backing Grocery and Medical. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Correlation Ventures](https://shizune.co/investors/profile/correlation-ventures)
- Location: San Diego, United States
- Total investments: 3
- Last investment: Jul 2020
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/david-coats-2a26b66/
- X (Twitter): https://twitter.com/coatsdavid
- Website: https://x.com/coatsdavid

David Coats is a seed investor at Correlation Ventures in San Diego focused on Grocery and Medical. David Coats is based out of Sarasota, Florida and is the Managing Director and Co-Founder of Correlation Ventures. David previously worked at Hamilton BioVentures as a Managing Partner. David Coats attended the Princeton University.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Grocery | 1 | 33% |
| Medical | 1 | 33% |
| E-Commerce | 1 | 33% |
| Telehealth | 1 | 33% |
| Health Care | 1 | 33% |

8 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 33% |
| Series A | 1 | 33% |
| Series B | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Lemonaid Health | Lemonaid Health focuses on changing the patient experience and improving and optimizing clinical care through advancements in machine learning and AI. It leverages evidence-based guidelines and the most up-to-date clinical protocols to offer a service direct to consumers for less than typical co-pays.It was founded in 2013 and is headquartered inSan Francisco, California. | $36.8M | Series B | Jul 31, 2020 |  |
| Mercato | Mercato is a technology start-up that connects consumers to local specialty food shops. Consumers can order fresh local groceries online from the stores they love, and have them delivered to their door. The company was founded in 2015 and is headquartered in San Diego, California. | $2.9M | Seed | Jul 01, 2019 |  |
| Lemonaid Health | Lemonaid Health focuses on changing the patient experience and improving and optimizing clinical care through advancements in machine learning and AI. It leverages evidence-based guidelines and the most up-to-date clinical protocols to offer a service direct to consumers for less than typical co-pays.It was founded in 2013 and is headquartered inSan Francisco, California. | $11M | Series A | May 22, 2017 |  |

3 of 3 investments shown.

## Co-investors
- [Hikma Ventures](https://shizune.co/investors/profile/hikma-ventures) — VC Fund, 2 deals together
- [Artis Ventures](https://shizune.co/investors/profile/artis) — VC Fund, 1 deal together
- [Civilization Ventures](https://shizune.co/investors/profile/civilization-ventures) — VC Fund, 1 deal together
- [Endurance Companies](https://shizune.co/investors/profile/endurance-companies) — VC Fund, 1 deal together
- [Greycroft](https://shizune.co/investors/profile/greycroft) — VC Fund, 1 deal together
- [Health Velocity Capital](https://shizune.co/investors/profile/health-velocity-capital) — VC Fund, 1 deal together

## About Correlation Ventures

VC Fund · San Diego, United States

Correlation Ventures is a new breed of venture capital firm, leveraging world-class analytics to offer entrepreneurs and other venture capitalists a dramatically better option when they are seeking additional capital to complete a financing round.

5 contacts available at Correlation Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Brian Martinez | Associate | https://shizune.co/investors/profile/brian-martinez-1b84 |
| Anu Pathria | Managing Director, Analytics | https://shizune.co/investors/profile/anu-pathria |
| Collin West | Network Advisor | https://shizune.co/investors/profile/collin-west |
| David Coats | Managing Director and Co-Founder | https://shizune.co/investors/profile/david-coats |
| Grace Chui-Miller | Chief Financial Officer | https://shizune.co/investors/profile/grace-chui-miller |

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does David Coats invest in?

David Coats invests primarily in Grocery, Medical and E-Commerce startups, most often at Seed and Series A stage. Most of the 3 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did David Coats last invest?

The most recent investment recorded for David Coats closed in Jul 2020. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

# About Shizune
Shizune.co is an investor database. Core features:
- 48,091 startup investors (angels, VCs, accelerators, and others)
- Email, phone, LinkedIn (for intros), socials, and other contact data
- Updated daily from public funding news
- CSV and Excel export

The User can access the full database FOR FREE after signing up: shizune.co