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Accomplice VC is a venture firm and contemporary family office based in Boston, Massachusetts. Founded in 2015 by Jeff Fagnan and Ryan Moore, the firm has evolved into a long-duration family office model, allowing for flexible, open-ended follow-on support for founders. Accomplice VC has raised a total of four funds, with the most recent, Fund IV, closing at $405 million in April 2022. This fund is explicitly positioned as their last-ever fund, marking a significant shift in their operational strategy.
The firm currently manages over 100 portfolio companies, focusing primarily on early-stage technology investments. Accomplice VC operates a federated VC model, which enhances collaboration among investors and supports the operator-angel movement. Their office is located at 56 Wareham Street, FL 3, Boston, MA 02118, and they maintain a strong presence in the North American venture capital ecosystem.
Accomplice VC invests in various sectors, with a primary focus on fintech and technology. Their investment strategy emphasizes high conviction, concentrated, and patient investing, particularly in early-stage companies. The firm targets investments at the pre-seed, seed, and Series A stages, with a typical check size ranging from $1.5 million to $3 million, often averaging around $2 million.
Accomplice VC actively supports the operator-angel movement and engages in a federated VC model, which allows them to act as anchor limited partners for several solo general partner funds. This strategy not only extends their reach but also fosters a strong network of operators and investors. Their commitment to flexible follow-on investments enables them to provide ongoing support to portfolio companies as they grow.
Accomplice VC has a diverse portfolio of over 100 companies, showcasing their investment in various sectors, particularly fintech and technology. Notable portfolio companies include:
Jeff Fagnan: Co-Founder and General Partner at Accomplice VC, Jeff has a prominent background in Boston venture capital and is a subject of a Harvard Business School case study. He has led numerous successful investments in early-stage technology companies.
Ryan Moore: Co-Founder and General Partner, Ryan has extensive experience in venture capital and technology investments, contributing to the firm's strategic direction and investment decisions.
Travis MacInnes: Chief Financial Officer, Travis oversees the financial operations of Accomplice VC, ensuring effective management of the firm's funds and investments.
To pitch Accomplice VC, founders should use the contact email Sarah@accomplice.co or visit their website at accomplice.co. It is important to include a comprehensive pitch deck that outlines the business model, market opportunity, and financial projections. Founders should expect a response within a few weeks, and warm introductions are preferred but not mandatory.
Accomplice VC runs the Spearhead program, which supports technical founders who are writing their first checks. This program aims to foster a strong network of operators and investors, enhancing the capabilities of emerging venture capitalists.
In April 2022, Accomplice VC closed Fund IV at $405 million, marking it as their last-ever fund as they transition into a long-duration family office model. This shift allows for flexible, open-ended follow-on support for founders.
Accomplice VC continues to actively deploy capital from Fund IV, focusing on high-conviction investments in early-stage technology companies. Their notable portfolio includes companies like DraftKings, Carbon Black, and PillPack, which have achieved significant exits.
What are Accomplice VC's investment criteria?
Accomplice VC focuses on early-stage technology companies, particularly in the fintech and TMT sectors. They typically invest at the pre-seed, seed, and Series A stages, with check sizes ranging from $1.5 million to $3 million.
How can I apply or pitch to Accomplice VC?
Founders can pitch to Accomplice VC by visiting their website at accomplice.co or by emailing Sarah at Sarah@accomplice.co. It is advisable to include a clear business plan and financial projections in the pitch deck.
What makes Accomplice VC different from other firms?
Accomplice VC operates a federated VC model, allowing for flexible follow-on investments and support. They are also known for their high conviction and patient investment approach, which distinguishes them in the venture capital landscape.
What is Accomplice VC's geographic scope?
The firm primarily focuses on investments in North America, targeting early-stage technology companies across various sectors.
What is Accomplice VC's post-investment involvement like?
Accomplice VC provides ongoing support to its portfolio companies through flexible follow-on investments and access to a strong network of operators and investors. They also run the Spearhead program, which backs technical founders writing their first checks.
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