TLDR:
- Cornerstone Ventures has launched its second fund with a target size of $200 million for investment in emerging B2B Enterprise technology opportunities.
- The fund focuses on providing substantial value for entrepreneurs beyond capital infusion, offering access to a customer network, strategic funding, mentors, and collaborators.
Article Summary:
Cornerstone Ventures, a venture capital firm specializing in B2B Enterprise technology investments, has announced the launch of its second fund with a target size of $200 million. This fund includes a green-shoe option for flexibility in meeting investor demand. The main focus of the fund is to provide significant value for entrepreneurs, offering access to a network of customers, strategic funding from subsequent round investors, and a wide range of mentors and collaborators.
The investment strategy of the fund involves a multi-stage approach, primarily targeting early growth stage VC investments with ticket sizes ranging from $5 million to $15 million. By leveraging vertical specializations, Cornerstone Ventures aims to identify opportunities with scaled B2B innovators that are poised for substantial value creation and have a clear path to liquidity events.
The fund will prioritize investments in emerging B2B technology prospects across various industries like financial services, retail, healthcare, and more. It aims to focus on early growth stage companies capable of reshaping enterprise operations and driving sustainable growth in the ever-changing technology landscape.
Abhishek Prasad, Managing Partner at Cornerstone Ventures, highlighted the commitment to supporting emerging B2B Enterprise Tech opportunities with the launch of the fund. The predecessor fund, Fund-I, launched in 2019 with a size of approximately $50 million, has been deployed across 21 portfolio companies.
