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Array Ventures is a venture capital firm founded in 2015 by Shruti Gandhi, located in San Francisco, California. The firm focuses on early-stage investments, particularly in the enterprise software sector, with a strong emphasis on artificial intelligence. Array Ventures has established a reputation for its fast decision-making process, typically taking only 3 to 4 days from meeting to term sheet.
As of now, Array Ventures manages a fund size of $56.1 million, which closed in December 2021. The firm targets approximately 30 investments per fund and has a portfolio comprising 69 companies, including two unicorns and 15 acquisitions. The team consists of 16 professionals, all dedicated to supporting innovative founders in their journey.
Array Ventures invests in pre-seed and early-stage companies across a variety of sectors, including artificial intelligence, EdTech, Martech, robotics, security, and fintech. The firm engages with companies at different stages of development, from pre-seed to Series B, and is known for its quick decision-making process. Check sizes typically range from $250,000 to $2 million, with the firm aiming for an ownership stake of 8% to 15% in each investment.
The investment thesis emphasizes backing technically heavy enterprise software solutions, particularly those that involve AI infrastructure and developer tools. Array Ventures seeks founders who are engineers or have a strong technical background, focusing on innovative solutions that address complex problems in their respective industries.
Array Ventures has a diverse portfolio of 69 companies, showcasing its commitment to various sectors. Notable portfolio companies include:
Array Ventures has also achieved notable exits, including:
Shruti Gandhi: Founder and General Partner, Shruti has a background in software engineering and is one of the few engineer-GPs in enterprise VC. She has a strong track record in supporting early-stage technology companies.
Rajas Date: Previously founded a developer tools company and brings extensive experience in technology and entrepreneurship to the team.
Elias Torres: Founder of multiple companies, including Drift, Elias has expertise in product development and scaling technology businesses.
Katie Jansen: Former CMO of Applovin, Katie has a strong marketing background and contributes to the firm's portfolio companies in go-to-market strategies.
Roy Scheer: A go-to-market expert, Roy provides insights into market entry and growth strategies for portfolio companies.
To pitch Array Ventures, founders should visit their website at array.vc or email deals@array.vc. The pitch deck should include a clear overview of the business model, market opportunity, and technology. Founders should expect a response within a few days, as Array Ventures is known for its quick decision-making process.
Warm introductions are preferred, but not mandatory. A concise and compelling presentation will help capture the firm's interest.
In December 2021, Array Ventures closed its fund at $56.1 million, targeting approximately 30 investments. The firm has been actively investing in early-stage companies, with recent additions to its portfolio including Wabi and Happyrobot, both of which focus on innovative AI solutions.
Array Ventures continues to emphasize its commitment to supporting founders in the enterprise software sector, particularly those developing AI-driven technologies. The firm has also seen notable exits, including Simility, which was acquired by PayPal, and Managed by Q, which was also acquired.
What are Array Ventures' investment criteria?
Array Ventures focuses on pre-seed and early-stage companies, particularly those in AI, fintech, EdTech, and other technology-driven sectors. They prefer to invest in technically heavy enterprise software solutions.
How can I apply or pitch to Array Ventures?
Founders can pitch Array Ventures through their website at array.vc or via email at deals@array.vc. A clear presentation of the business model and technology is essential.
What makes Array Ventures different from other VC firms?
Array Ventures is known for its fast decision-making process, typically taking only 3 to 4 days from the initial meeting to issuing a term sheet. They also leverage a network of over 500 industry experts to support portfolio companies.
What is the geographic scope of Array Ventures?
The firm primarily invests in North America, focusing on startups that are addressing real-world problems through technology.
What is the typical fund size and check size for Array Ventures?
Array Ventures has a fund size of $56.1 million and typically invests between $250,000 and $2 million in each startup, aiming for an ownership stake of 8% to 15%.
What kind of post-investment involvement does Array Ventures have?
Array Ventures actively engages with its portfolio companies, providing access to a network of industry experts and facilitating introductions that can aid in growth and development.
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