Background

Armory Square Ventures is a venture fund based in upstate New York and NYC.  We often provide the first round of institutional capital for companies targeting the largest industries across New York State. We are actively involved in all aspects of company growth from recruiting senior talent, customers, and co-investors to providing general support.

We launched our firm in 2014 and consider ourselves lucky to be backed by the region’s most respected institutions, corporations, foundations, and entrepreneurs who are equally passionate about seeing our companies scale.




Philosophy

We work hard to earn our entrepreneur’s respect and believe reputation is everything in our world. We are entrepreneurs ourselves and seek people who are as passionate as we are about changing the world through creating new businesses.

Investment Criteria

- Management based in New York or Northeast Region
- Web, mobile, or technology-enabled service
- Large addressable market - ideally $500M or above
- Repeating, recurring or transaction based revenue models
- Full-time technical/product leader and sales/marketing leader
- Prototype of Product with a few customers even if at pilot stage
- Capital efficient

Stage Focus

Seed and Early Stage


Geography

Primarily upstate New York, NYC and surrounding areas in Northeast region


Target Investment

Up to $1M initially with considerable reserves for follow on investments


Investment Team

Somak Chattopadhyay - Managing Partner

Steven G. Felsher - Venture Partner

John A. Cococcia - Venture Partner

Eric Allyn - Venture Advisor

Lynn O’Connor Vos - Venture Advisor

Investment Focus

Software, mobile and technology-enabled businesses targeting high growth sectors including:

- Healthcare IT

- Education Technology

- Food and Agriculture Software

- Manufacturing Automation Software

- Energy Software

- Corporate and University Spin-outs

- Fin Tech

- Ad tech/digital marketing/e-commerce

- Software-as-a-Service