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Venktesh Shukla, Monta Vista Capital.Image Credits:Monta Vista Capital
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Seed - stage startups focus on byplay - to - business have another source of capital letter to go after . Monta Vista Capitalsecured $ 48 million in majuscule committedness for its third stock — its big to escort — to support B2B startup .
The Silicon Valley house was founded by Venktesh Shukla , who started invest at the saint level as part of entrepreneurship group TiE Silicon Valley , also serving as a former Chief Executive .
Shukla and his group of partners , including Roger Krakoff , general partner , have expertise in the domain of AI , swarm , security and data point . They take a team advance to investment and often do so at the pre - revenue degree . Monta Vista point startup in infrastructure , vertical SaaS and digital transformation of industriousness , like excavation and textiles .
“ We have these deep , deep domain experts that we rely on for diligence and for the judgement call before we make the investment , ” Shukla recite TechCrunch . “ And , unlike most of the seed funds , which typically have a one - person operation fund of this size , we believe that investing is a team athletics . We jointly make a decision so we have the agility of a small fund , but all the resources of a very big fund . ”
Also setting Monta Vista apart is that the house does n’t raise capital from institutional investor , but rather leverage a tumid web of 65 individual investors . Shukla calls the meshwork the house ’s “ secret superpower , ” and that this web throw the firm its deal flow , industry and portfolio company support . Monta Vista has now raise $ 72.8 million across the three funds .
Though the third fund is $ 48 million , plug some of that upper-case letter is somewhat exclusive . Monta Vista made only 12 investments from its 2d fund and contrive to invest in 15 company with the third fund . That said , the firm will put in around $ 1 million to $ 2 million into each company , Shukla said . This year , Monta Vista is on trail to endue in about five company .
Previous investments admit merchandising tech companyCaptiv8 , customs clearance companyKlearNowandEridan , a mobile substructure company .
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Monta Vista also had some achiever from its earlier funds , let in API security companyCequence Security , which kick upstairs a Series C in 2021 , andTekion , an self-propelling retail political platform that announced a $ 250 million Series D , also in 2021 . Another is Nyansa , a company doing mobility carrying out management of endeavour wireless networks , was acquired by VMware in 2020 .
“ It ’s been a playfulness experience , ” Shukla said . “ Even with all the day of reckoning - and - gloom going on , the innovation train does not bar . Whether it ’s dependable times or bad times , the good entrepreneur have very compelling idea , and that ’s our end — to find those compelling ideas . ”
unexampled pre - seed funds are popping up everywhere
