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Ankona Capital is a venture capital firm founded in Newport Beach, California, dedicated to supporting early growth-stage software companies. Established to assist founders in accelerating their growth, Ankona focuses on B2B software companies generating between $5 million and $15 million in recurring revenues. The firm combines capital investment with developmental support to help these companies scale effectively.
Currently, Ankona Capital manages a portfolio of 14 companies and has a team of 6 key members, including Managing Directors and Associates. The firm emphasizes its commitment to providing not only financial resources but also strategic guidance to enhance operational efficiency and profitability. Ankona Capital's notable milestones include a diverse portfolio that spans various sectors, including SaaS, healthcare, fintech, AI, cybersecurity, and commerce.
Ankona Capital invests primarily in early-growth-stage B2B software companies that demonstrate unique and innovative software solutions. The firm typically makes minority investments ranging from $5 million to $15 million and often leads investment rounds. Ankona seeks companies that have achieved product-market fit and are poised for growth, with a realistic plan for capital-efficient scaling and profitability.
The firm’s investment strategy encompasses several sectors, including SaaS, healthcare, fintech, AI, cybersecurity, and commerce. Ankona Capital's geographic focus is on North America, particularly the United States. The firm is particularly interested in companies that can leverage their innovative solutions to capture market share and drive revenue growth.
Ankona Capital's portfolio includes 14 notable companies across various sectors:
Josh Harmsen: Managing Director with extensive experience in venture capital and a background in technology investments.
Brian Mesic: Managing Director known for his expertise in scaling software companies and leading successful investment rounds.
Newth Morris: Managing Director with a focus on operational support and strategic guidance for portfolio companies.
Jared Smith: Managing Director who specializes in identifying innovative software solutions and market opportunities.
Gardner Smith: Associate with a strong analytical background and experience in supporting early-stage investments.
Ford Blakely: Operating Partner and founder of Zingle, bringing valuable insights from his entrepreneurial background.
Steve Dusablon: Operating Partner and founder of SafeSend, known for his expertise in software development and scaling businesses.
Jason Koch: Operating Partner and co-founder of Telogis, with a strong track record in technology investments.
Garrett Pagon: Operating Partner and co-founder of OG Systems, providing strategic insights into operational efficiency.
Brad Perry: Operating Partner and co-founder of DealerSocket, known for his experience in the automotive software sector.
To pitch Ankona Capital, founders should send their pitch deck to info@ankonacap.com. The deck should include a clear overview of the business model, market opportunity, competitive landscape, and financial projections. Ankona Capital prefers detailed information that showcases the company's potential for growth and profitability.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial but not mandatory.
As of March 2023, Ankona Capital has been actively engaging with its portfolio companies and the broader startup ecosystem. The firm continues to showcase its commitment to investing in unique and innovative software solutions.
Recent updates include the addition of several notable companies to its portfolio, such as Bonusly and Cordial, which highlight Ankona's focus on enhancing company culture and marketing strategies.
What are Ankona Capital's investment criteria?
Ankona Capital focuses on early-growth-stage B2B software companies that have achieved product-market fit and are generating between $5 million and $15 million in recurring revenues. The firm typically makes minority investments ranging from $5 million to $15 million.
How can I apply or pitch to Ankona Capital?
What makes Ankona Capital different from other venture firms?
Ankona Capital distinguishes itself by providing not only capital but also strategic guidance and operational support to its portfolio companies. The firm emphasizes capital-efficient scaling and focuses on innovative software solutions.
What is Ankona Capital's geographic scope?
The firm primarily invests in North America, with a strong focus on the United States. This geographic concentration allows Ankona to engage closely with its portfolio companies.
What is Ankona Capital's post-investment involvement like?
Ankona Capital actively engages with its portfolio companies, providing strategic guidance and operational support to help them scale efficiently and achieve profitability.
What is the typical check size for investments?
Ankona Capital typically invests between $5 million and $15 million in its portfolio companies, often leading investment rounds.
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