Cervin Ventures – a leading early-stage venture capital firm focused on building enduring businesses – recently announced the closing of $162 million in new capital. And the firm will use the funding round to invest in Seed and Series A startups specializing in enterprise software, data and AI, cybersecurity, DevOps, cloud, and networking.
The closing of this funding round enhances a major year of growth for Cervin, increasing its investment coverage with infrastructure and developer stacks-focused partner Daniel Karp and adding investments in over ten new companies, including Bolster, Causely, FireCompass, Lightlytics, OwnID, Ratio, and Vendelux.
Cervin invested in over 50 companies in the United States, Israel, and India. And 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. The team will provide Cervin’s portfolio companies with post-investment services, such as business development, research, go-to-market consulting, and marketing & communications support.
KEY QUOTES:
“We’ve meticulously nurtured Cervin’s growth and the value we provide entrepreneurs based on our own entrepreneurial backgrounds. 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.”
– Preetish Nijhawan, Cervin co-founder and partner
“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. 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.”
– Neeraj Gupta, Cervin co-founder and partner
