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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 supporting entrepreneurs and startups in overlooked regions, particularly in New York State and the Midwest. ASV aims to provide capital and mentorship to technology-enabled startups that address core business challenges.
Since its inception, Armory Square Ventures has concentrated on investing in high-growth companies that are reimagining traditional industries through innovative B2B software. The firm has established a reputation for its commitment to nurturing startups and providing them with the necessary resources to thrive. ASV has a diverse portfolio and actively engages with its companies to facilitate growth and success.
As of now, Armory Square Ventures has a significant presence in the venture capital landscape, focusing on seed and Series A funding stages. The firm has expanded its reach and influence, particularly in the Northeast and Midwest regions of the United States.
Armory Square Ventures invests primarily in seed and Series A funding rounds, with a strong emphasis on B2B software companies. The firm targets startups that are transforming traditional industries and energizing new markets through innovative technology solutions. Their investment strategy includes a focus on sectors such as cybersecurity, healthcare IT, food and agriculture software, manufacturing automation software, energy software, and fintech.
Geographically, ASV concentrates on startups located in New York and secondary markets across the Midwest. The firm seeks to partner with exceptional entrepreneurs who are addressing core business challenges. In addition to providing capital, Armory Square Ventures emphasizes mentorship and connections to larger venture hubs, enhancing the growth potential of its portfolio companies.
Armory Square Ventures has built a notable portfolio of companies, including:
These companies exemplify ASV's commitment to investing in high-growth startups that are transforming their respective industries through innovative solutions.
Somak Chattopadhyay: Founder and Managing Partner, with extensive experience in venture capital and entrepreneurship.
Steve G. Felsher: Partner, known for his expertise in technology investments.
Neenah Jain: Partner, focusing on B2B software and marketplace investments.
Pia Sawhney: Partner, with a background in operational support for startups.
Michael Kopelman: Partner, specializing in early-stage investments.
Steve Hovagimyan: Partner, experienced in scaling technology companies.
Prabhdeep Singh: Partner, focusing on market analysis and investment strategy.
Anthony Santaro: Partner, with a strong background in finance and investment.
Preston DeGarmo: Partner, specializing in technology-enabled solutions.
Eric Allyn: Partner, known for his work in venture capital.
Vikas Mehta: Partner, focusing on operational excellence in portfolio companies.
Pete Petrella: Partner, experienced in business development.
Deena Chalabi: Partner, with expertise in strategic partnerships.
Jin Kwon: Partner, focusing on investment analysis.
Nomi Bergman: Partner, known for her work in technology investments.
Laura Kinder: Partner, specializing in market entry strategies.
Kyle Ciminelli: Partner, with a focus on early-stage technology companies.
Zack Schneider: Partner, experienced in venture capital.
Richy Petrina: Partner, focusing on investment strategy.
Rob Lentz: Partner, known for his work in technology startups.
Aman Devgan: Partner, specializing in operational support.
Ronak Parikh: Partner, focusing on market analysis.
Pritam Advani: Partner, experienced in venture capital.
P. Tate Olinghouse: Partner, known for his work in technology investments.
Regan Hofmann: Partner, specializing in early-stage investments.
To pitch Armory Square Ventures, founders should visit their website at armorysv.com. It is recommended to include a comprehensive deck that outlines the business model, market opportunity, and team qualifications. While specific response time expectations are not disclosed, founders should anticipate a thorough review process.
Warm introductions are preferred, as they can facilitate a more favorable reception of the pitch. Founders should ensure that their presentations are concise and focused on the unique value proposition of their startup.
Armory Square Ventures sponsors the Armory Square Prize for South Asian Literature in Translation, which aims to support literary translators working with South Asian languages. This initiative recognizes outstanding translations and promotes visibility for South Asian literature in the United States.
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.
Armory Square Ventures continues to actively engage with its portfolio companies, providing ongoing support and resources to help them navigate growth challenges. The firm has been particularly involved with ACV Auctions, assisting in recruiting and capital acquisition efforts.
What investment criteria does Armory Square Ventures look for?
Armory Square Ventures focuses on high-growth companies in the B2B software sector, particularly those that are transforming traditional industries. They prefer startups in seed and Series A stages, located in New York and secondary markets across the Midwest.
How can founders pitch to Armory Square Ventures?
Founders can pitch their startups through the firm's website at armorysv.com. It is advisable to include a clear business model, market opportunity, and details on how the startup addresses core business challenges.
What makes Armory Square Ventures different from other VC firms?
Armory Square Ventures emphasizes partnerships with exceptional 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, Armory Square Ventures typically invests in seed and Series A rounds, which generally range from hundreds of thousands to several million dollars.
What kind of post-investment involvement does Armory Square Ventures have?
Armory Square Ventures actively engages with its portfolio companies, providing support in areas such as recruiting, capital acquisition, and strategic guidance to help them achieve their growth objectives.
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