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.

Snapshot

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

Nicole Camarre

Senior Associate

Eric Allyn

Venture Advisor

Lynn O’Connor Vos

Venture Advisor

Office Locations

Upstate

211 West Jefferson Street

2nd Floor

Syracuse, NY 13202

NYC

26 Broadway

8th Floor

New York, NY 10004

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