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Broom Ventures is a venture capital firm founded in 2019 and based in San Francisco, California. The firm specializes in investing in pre-seed and seed-stage technology companies, aiming to support early-stage founders in realizing their full potential. Broom Ventures has established a reputation for its active involvement in the growth of its portfolio companies, providing not just capital but also strategic guidance and resources.
As of now, Broom Ventures manages a portfolio of 39 companies, with a focus on sectors such as AI, fintech, defense, healthcare, consumer technology, and SaaS. The firm has achieved notable milestones, including two unicorn exits: Anduril and Epirus. Broom Ventures operates with a check size range of $250,000 to $750,000, allowing them to make significant investments in promising startups.
With a commitment to fostering innovation, Broom Ventures leverages its extensive network to facilitate connections that can lead to strategic partnerships and market opportunities for its portfolio companies. The firm continues to evolve, adapting its strategies to meet the changing landscape of technology investment.
Broom Ventures targets investments in pre-seed and seed-stage technology companies across a variety of sectors, including AI, fintech, defense tech, healthcare, consumer technology, and SaaS. The firm emphasizes the importance of early-stage support to mitigate risks and enhance growth trajectories for its portfolio companies. Their investment strategy is designed to identify extraordinary founders who are building innovative solutions in these sectors.
The typical check size for investments ranges from $250,000 to $750,000, allowing Broom Ventures to provide substantial financial backing to startups at critical stages of their development. The firm is particularly interested in companies that demonstrate strong potential for network effects and innovation. Broom Ventures operates primarily in North America and Latin America, focusing on markets where technology can drive significant change.
In addition to financial investment, Broom Ventures is committed to providing active support to its portfolio companies. This includes mentorship, operational guidance, and access to a network of industry experts that can help founders navigate the challenges of early growth. The firm’s approach is centered on building long-term relationships with founders to ensure their success.
Broom Ventures has a diverse portfolio of 39 companies, showcasing its commitment to various sectors. Notable portfolio companies include:
In addition to these, Broom Ventures has invested in several other companies across various stages, including 18 seed-stage investments and 3 Series A investments. The firm has also made 1 Series B investment, demonstrating its commitment to supporting companies as they scale.
Dan Von Kohorn: Managing Partner. Dan has extensive experience in venture capital and has led numerous successful investments in technology startups.
Jeff Rosen: Managing Partner. Jeff co-founded Broom Ventures and has a strong background in supporting early-stage companies across various sectors.
Kunal Abichandani: Head of Product & Design at Rilla. Kunal brings expertise in product development and design, contributing to the firm's focus on technology.
Abhi Aiyer: Founder, CTO at Mastra. Abhi has a strong technical background and experience in building innovative solutions.
Brandon Ballinger: Co-founder at Empirical Health. Brandon's experience in healthcare technology enhances Broom Ventures' focus on health tech investments.
Sam Bhagwat: Founder, CEO at Mastra. Sam's leadership in the tech space aligns with Broom Ventures' investment strategy.
Andres Bilbao: Co-founder at Rappi and Makers. Andres brings entrepreneurial experience and insights into scaling tech startups.
Ellis Hiroki Butterfield: Co-founder & CEO at studyOS. Ellis contributes to the firm's understanding of educational technology.
Joseph Burns: Founder & CEO at Lupa. Joseph's experience in tech startups adds valuable insights to Broom Ventures.
Caterina Carreño: Co-founder & COO at Fidu. Caterina's operational expertise supports Broom Ventures' portfolio companies.
Michael Castellanos: Co-founder at Rilla. Michael's background in AI technology aligns with the firm's investment focus.
Carlos Chavez: Co-founder at Sytrex. Carlos brings experience in financial technology, enhancing the firm's fintech investments.
Laura Crabtree: Co-founder & CEO at Epsilon3. Laura's leadership in tech startups contributes to Broom Ventures' insights.
Tatiana Fontalvo: Co-founder & CEO at Fanki. Tatiana's experience in consumer technology aligns with the firm's investment strategy.
Smiti Bhatt Deorah: Co-founder & COO at Advantage Club. Smiti's operational experience supports the firm's focus on employee benefits technology.
Sourabh Deorah: Co-founder & CEO at Advantage Club. Sourabh's leadership in the benefits space enhances Broom Ventures' portfolio.
To pitch Broom Ventures, founders should submit their proposals through the firm's website at broom.ventures. It is essential to include a comprehensive pitch deck that outlines the business model, market opportunity, and team qualifications. Broom Ventures prefers clear and concise presentations that highlight the startup's potential for growth.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are beneficial, as they can increase the likelihood of a favorable response.
As of April 2023, Broom Ventures has made significant strides in its investment activities. The firm has completed a total of 39 investments, including 18 in seed-stage companies and 3 in Series A. Notable portfolio companies include Anduril and Epirus, both of which have achieved unicorn status.
In addition to its investment activities, Broom Ventures continues to support its portfolio companies through active engagement and mentorship. The firm has been particularly active in sectors such as AI and defense technology, reflecting its commitment to investing in high-potential areas.
What are Broom Ventures' investment criteria?
Broom Ventures focuses on pre-seed and seed-stage technology companies across sectors such as AI, fintech, defense, healthcare, and consumer technology. They look for extraordinary founders with innovative solutions and strong growth potential.
How can I pitch to Broom Ventures?
Founders can pitch Broom Ventures through their website at broom.ventures. It is recommended to include a clear business model, market opportunity, and team background in the pitch deck.
What makes Broom Ventures different from other investors?
Broom Ventures emphasizes active support for its portfolio companies, providing mentorship and resources to help founders navigate early growth challenges. Their focus on sectors with high potential for innovation sets them apart.
What is the geographic scope of Broom Ventures' investments?
The firm primarily invests in North America and Latin America, targeting markets where technology can drive significant change.
What is the typical check size for investments?
Broom Ventures typically invests between $250,000 and $750,000 in their portfolio companies, allowing them to provide substantial financial backing at critical stages.
What is Broom Ventures' post-investment involvement like?
Broom Ventures actively engages with its portfolio companies, offering mentorship, operational support, and access to a network of industry experts to help accelerate growth and improve outcomes.
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