Fueling innovation in unexpected places

We invest in the most ambitious and promising startups across all of New York State and in secondary markets across the Midwest.

We focus on overlooked regions once home to the nation’s most resilient manufacturing centers and small businesses.

We partner early with exceptional entrepreneurs confronting and solving core business challenges by building world-class, technology-enabled startups.

We are entrepreneurs ourselves and seek founders as passionate as we are about changing the world through new business.

We provide founders with capital, active counsel, mentorship and introductions to those in larger venture hubs, so their companies can grow.

We identify talent, partners and investors to help young teams thrive, aiding them in their journeys and driving their regions forward.

“Armory Square Ventures played a key role supporting me and ACV in every step of our journey from the Series A round to the IPO. Somak and his partners helped me recruit C level talent, customers, and follow-on capital. These are the hardest-working venture capitalists in America. The team at ASV also cares deeply about transforming secondary cities and new markets like those in Upstate New York.”

– George Chamoun,
CEO, ACV Auctions (NASDAQ: ACVA)

 Investment Focus

“Armory Square Ventures first invested in 2015 and placed their faith in our team at a time when few VCs took bets on female founders. The firm steers new companies toward success in a committed way, focusing deliberately on improving and guiding early teams. That’s what my team and I have benefited from the most.”

– Krystle Mobayeni,
Founder and CEO, BentoBox

 

 Our Companies

We back resourceful, high growth companies that have reimagined old industries and energized new markets with cutting-edge B2B software

Portfolio news

In early 2023, Preqin ranked Armory Square Ventures sixth in its league tables for “Top Performing Private Equity Funds under $250M by Net IRR.”

In late 2021, Fiserv acquired ASV portfolio company BentoBox for an undisclosed sum.