Armory Square Ventures is an early stage venture fund with offices in Syracuse and New York City focused on software, mobile, and tech-enabled services companies across New York State (upstate and downstate).
Our fund’s goal is to provide early stage companies in our portfolio with capital, contacts, mentorship, and connectivity to other venture hubs, including NYC, so they may scale into world-class companies that generate top tier returns for our investors.
No. While we are passionate about growing New York’s innovation economy, we are a returns-focused fund. We believe that generating strong returns is how we can continue to grow the venture ecosystem here.
No. An ideal company would have the management team based in New York State or the greater Northeast region however ASV can technically invest anywhere in the US or Canada. Our goal is to find opportunities where we can leverage our investment expertise and networks in upstate, downstate NY and surrounding areas. We believe that early stage venture capital is a local business and tapping local networks is how we provide value to our portfolio companies.
We view NYC as a crucial component of entrepreneurs grow their companies. In addition to meeting with investment prospects in the upstate region, our office in NYC allows us to cultivate relationships with co-investors, customers, partners, and acquirers to help foster connectivity with companies in our portfolio.
Although we will try to get back to any person who contacts us, the best way to get to us is through a warm referral of someone we trust. Please send us a brief investment deck and be sure to check our investment criteria on the “About Us” page to make sure it aligns with our areas of interest.
In general, do not hesitate to share an opportunity where you are not clear about if the company is a fit. After a first meeting, we can quickly determine if there is a fit with our investment thesis and ability to help the company scale. If there is a fit, we like to run a basic process to evaluate the management team, market opportunity, product/technology, and operational plan.
For a general overview of our investment criteria, you can visit our “About Us” page. Further explanation of our investment criteria is broken down below:
SOFTWARE, MOBILE OR TECHNOLOGY-ENABLED SERVICES
ASV’s focus is primarily on capital efficient businesses that have a software, mobile or technology enabled service. We do not generally investment in pure hardware companies. Investments in traditional professional services companies or consultancies are also outside of our scope unless they have a software product that could be a major driver of growth for the company post-funding.
ASV considers a variety of industry sectors, targeting some of the largest industries across New York State. Such industries include Food/Agriculture Software, Energy Software, Healthcare IT, Education Technology, Manufacturing Automation Software, Financial Technology, Media/Publishing and Retail/E-commerce.
After a first meeting, we can quickly determine if there is a fit with our investment thesis and ability to help the company scale. If there is a fit, we like to run a basic process to evaluate the management team, market opportunity, product/technology, and operational plan. We like to introduce companies to customers in our network to help diligence the opportunity and also show how we can deliver value to the entrepreneur too. Assuming our diligence supports investing, we can quickly execute an investment and like simple deal terms.
After we invest, we like to support our entrepreneurs in all areas of growing their companies such as sourcing talent, co-investors, customers, and partners or refining operational strategies. Nothing excites us more than working with great entrepreneurs and we want to help in any way we can.
An investor should not only be a funding source but also a connection whose network and expertise can be leveraged throughout a business relationship. We at ASV have a combined 65 years of investing experience with substantial networks throughout the industries we target as well as across multiple geographies. We, ourselves, do not want to just be a funding source and look to work with our portfolio entrepreneurs to understand and plan for the challenges they will face as they scale as well as to open doors to mentors and potential partnerships at many of today’s industry leading firms. If you feel we may be a good partner, we encourage you to reach out to us so we can learn more about your company and ways in which we can work together!