Largest Capital Raise to Date Underscores Continued Interest in Disruptive Enterprise Technology and Cervin's Disciplined Approach to Growth
PALO ALTO, Calif., Sept. 14, 2023 /PRNewswire-PRWeb/ -- Cervin Ventures, a leading early-stage venture capital firm dedicated to building enduring businesses, announced the close of $162 million in new capital. The firm will use the capital to invest in Seed and Series A startups specializing in enterprise software, data and AI, cybersecurity, DevOps, cloud, and networking.
The close of fresh capital enhances an exciting year of growth for Cervin, increasing its investment coverage with infrastructure and developer stacks-focused partner Daniel Karp, and adding investments in 10+ new companies including Bolster, Causely, FireCompass, Lightlytics, OwnID, Ratio, and Vendelux.
"We've meticulously nurtured Cervin's growth and the value we provide entrepreneurs based on our own entrepreneurial backgrounds," said Preetish Nijhawan, Cervin co-founder and partner. "Raising this capital in the midst of a tough market validates our disciplined approach to turning disruptive technologies into enduring businesses. We believe we can scale our underlying strategy by expanding our team and focusing on technology segments we understand. We look forward to investing in the next wave of enterprise startups and supporting our founders as they navigate their growth."
Cervin has invested in more than 50 companies in the United States, Israel, and India. To accelerate growth among portfolio companies, Cervin is introducing a portfolio services team led by Silicon Valley veteran Scott Brown, who most recently led marketing at Hum Capital and Sapphire Ventures. This team will provide Cervin's portfolio companies with post-investment services, such as business development, research, go-to-market consulting, and marketing & communications support.
"Cervin has always been committed to entrepreneurs who are value-driven, have a unique perspective on the market and are laser-focused on achieving product-market fit" added Neeraj Gupta, Cervin co-founder and partner. "We listened to the feedback from entrepreneurs and from the management teams we've backed, and created a portfolio services team to help provide more consistent and focused support. With the new capital and expanded team, Cervin is well-positioned to support the next generation of early-stage founders and product visionaries."
About Cervin Ventures
Cervin is a leading early-stage venture capital firm that invests in pioneering enterprise-technology companies. With over $335 million in assets under management, Cervin partners with disciplined entrepreneurs building tools, applications and infrastructure products to address massive, fast-growing markets. For more than a decade, Cervin has leveraged the operating backgrounds of its investors to help founders build enduring companies and avoid short-lived hype cycles. Cervin has invested in more than 50 companies with more than a dozen successful exits from companies such as Punchh, Replay, EdCast and Tynker.
For more information about Cervin and its portfolio, please visit www.cervin.com.
Media Contact
Scott Brown, Cervin Ventures, 1 4153773445, [email protected], https://www.cervinventures.com
SOURCE Cervin Ventures
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