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Armory Square Ventures (ASV) is a venture capital firm founded in 2015 and headquartered in Skaneateles, New York. The firm focuses on investing in technology-enabled startups that address core business challenges, particularly in overlooked regions such as New York State and the Midwest. ASV aims to support entrepreneurs by providing not only capital but also mentorship and connections to larger venture hubs.
Since its inception, Armory Square Ventures has established a reputation for backing high-growth companies that are transforming traditional industries through innovative B2B software solutions. The firm has a strong commitment to nurturing its portfolio companies, ensuring they receive the necessary resources to thrive in competitive markets.
ASV operates from multiple office locations, including Syracuse, New York, and Indianapolis, Indiana. The firm has a diverse Limited Partner base, although specific details about the LPs are not disclosed. Notable milestones include the successful exit of portfolio company BentoBox, which was acquired by Fiserv in late 2021.
Armory Square Ventures primarily invests in seed and Series A funding rounds, concentrating on B2B software, marketplace, and vertical AI companies. The firm targets high-growth startups that are reimagining traditional industries and energizing new markets. Their investment strategy emphasizes partnerships with exceptional entrepreneurs, providing capital, mentorship, and connections to larger venture ecosystems.
Geographically, ASV focuses on startups located in New York and secondary markets across the Midwest. The firm is particularly interested in sectors such as cybersecurity, healthcare IT, food and agriculture software, manufacturing automation software, energy software, and fintech. This diverse sector focus allows ASV to identify and support innovative companies that are addressing significant business challenges.
Armory Square Ventures has a notable portfolio that includes several high-growth companies:
These companies exemplify ASV's commitment to investing in innovative B2B software solutions that address core business challenges across various industries.
Somak Chattopadhyay: Founder and Managing Partner, with extensive experience in venture capital and technology investments.
Steve G. Felsher: Partner, specializing in B2B software and marketplace investments.
Neenah Jain: Partner, focusing on emerging markets and technology-enabled solutions.
Pia Sawhney: Partner, with expertise in operational support for portfolio companies.
Michael Kopelman: Partner, experienced in scaling startups and strategic investments.
Steve Hovagimyan: Partner, focusing on technology and innovation in traditional industries.
Prabhdeep Singh: Partner, with a background in software development and entrepreneurship.
Anthony Santaro: Partner, specializing in market analysis and growth strategies.
Preston DeGarmo: Partner, experienced in venture capital and startup mentorship.
Eric Allyn: Partner, focusing on investment strategies in the SaaS sector.
Vikas Mehta: Partner, with expertise in financial analysis and investment management.
Pete Petrella: Partner, specializing in technology investments and market trends.
Deena Chalabi: Partner, focusing on operational excellence and portfolio support.
Jin Kwon: Partner, experienced in venture capital and startup growth.
Nomi Bergman: Partner, with a background in technology and entrepreneurship.
Laura Kinder: Partner, specializing in investment strategies and market development.
Kyle Ciminelli: Partner, focusing on B2B software and marketplace investments.
Zack Schneider: Partner, experienced in venture capital and startup mentorship.
Richy Petrina: Partner, with expertise in technology investments and market analysis.
Rob Lentz: Partner, specializing in operational support for portfolio companies.
Aman Devgan: Partner, focusing on investment strategies in emerging markets.
Ronak Parikh: Partner, experienced in technology and innovation investments.
Pritam Advani: Partner, specializing in market analysis and growth strategies.
P. Tate Olinghouse: Partner, with a background in venture capital and startup growth.
Regan Hofmann: Partner, focusing on operational excellence and portfolio support.
To pitch to Armory Square Ventures, founders should use the contact form available on their website at armorysv.com. The pitch deck should include a concise overview of the business model, market opportunity, competitive landscape, and team qualifications. ASV prefers warm introductions but will consider direct submissions through their website.
Response times may vary, but founders can generally expect feedback within a few weeks of submission.
Armory Square Ventures sponsors the Armory Square Prize for South Asian Literature in Translation, which recognizes outstanding translations and promotes visibility for South Asian literature in the US. This program aims to support literary translators working with South Asian languages and encourages cultural exchange.
In late 2021, Armory Square Ventures celebrated the acquisition of portfolio company BentoBox by Fiserv, marking a significant exit for the firm. This acquisition highlights ASV's ability to identify and support high-potential startups in the B2B software sector.
ASV continues to actively support its portfolio companies, including ACV Auctions, providing assistance in recruiting and capital acquisition. The firm remains committed to nurturing high-growth startups and helping them navigate the challenges of scaling in competitive markets.
What are Armory Square Ventures' investment criteria?
Armory Square Ventures invests in seed and Series A rounds, focusing on high-growth B2B software companies that are transforming traditional industries. The firm seeks exceptional entrepreneurs who are addressing significant business challenges through technology-enabled solutions.
How can I apply or pitch to Armory Square Ventures?
Founders can pitch their startups through the firm's website at armorysv.com. It is recommended to include a clear business model, market opportunity, and team background in the pitch deck.
What makes Armory Square Ventures different from other firms?
ASV emphasizes partnerships with entrepreneurs, providing not only capital but also mentorship and connections to larger venture hubs. This approach helps startups navigate challenges and scale effectively.
What is the geographic scope of Armory Square Ventures?
The firm primarily targets startups in New York and secondary markets across the Midwest, focusing on regions that are often overlooked by other venture capital firms.
What is the typical check size for investments?
While specific check sizes are not disclosed, ASV focuses on seed and Series A funding rounds, which typically range from hundreds of thousands to several million dollars.
What kind of post-investment involvement can founders expect?
Armory Square Ventures is actively involved with its portfolio companies, providing support in areas such as recruiting, capital acquisition, and strategic guidance to help them succeed.
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