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May 2, 2024
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Front Porch Venture Partners Successfully Closes $20M Fund II

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TLDR: A Focus On Diversification Helps Front Porch Venture Partners Close Its $20 Million Fund II

Front Porch Venture Partners closed their $20 million Fund II, quadrupling the size of their previous fund. The fund invests directly into startups and other VC funds. The team utilized a hybrid model of diversification in pitching investors for Fund II.

North Carolina-based Front Porch Venture Partners recently announced the closing of their $20 million Fund II, showing a fourfold increase compared to their previous fund. The fund, managed by Greggory Bordes, Joe Mancini, and Nikin Shah, focuses on direct investments into startups and other VC funds. The team deployed a hybrid model of diversification in their pitch to attract investors for Fund II.

Front Porch’s Fund I included investments in well-known VCs and startups such as Fulcrum Equity Partners, IDEA Fund Partners, Cofounders Capital, Spiffy, Ubiquitous, Krepling, Poppy, Case Status, Soundstripe, among others. The team’s investing thesis emphasized diversification, which proved to be effective, especially during turbulent times like 2023. 90 investors, mainly high net worth individuals associated with family offices, joined Fund II.

The Front Porch team wasted no time after the Fund II announcement, targeting to make 25 to 30 direct investments. So far, 14 deals have been completed. The team’s goal is to unlock capital in the Southeast and support the region’s entrepreneurs and innovative ideas.

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