TLDR:
Armistead Whitney, a long-time startup leader, has joined Atlanta-based Circadian Ventures as a Venture Partner. With over 25 years of experience in leading startups, Whitney aims to leverage his skills to help other passionate founders be successful in the early stages. Circadian Ventures focuses on investing in experienced entrepreneurs across B2B software and has a portfolio of startups from the Southeast and across the country.
Article Summary:
Armistead Whitney, who has over 25 years of experience in leading startups, has joined Circadian Ventures as a Venture Partner. While Whitney did not initially plan on moving into venture capital, he sees this as an opportunity to utilize the skills he has developed as a startup CEO and founder. Whitney believes that having a balance between financial expertise and real operating experience is crucial in making sound business decisions.
Most recently, Whitney was the founder and CEO of cybersecurity management and compliance SaaS company, Apptega, which was acquired by private equity firm Mainsail Partners. Circadian Ventures, focused on investing in experienced entrepreneurs across B2B software, was Apptega’s lead investor in its seed round. The firm’s portfolio includes startups like KetteQ, Chattr, Cogniti, Cloud Range, Cloverly, Rent Ready, and Voxie.
Whitney is particularly interested in exploring how AI will revolutionize the B2B software world, predicting that there will be a new class of first-mover companies taking advantage of AI infrastructure in the coming years. He believes that startups, with their agility and capital efficiency, will have significant M&A opportunities as legacy companies struggle to keep up with AI innovation.
Overall, Whitney is excited to join the Circadian Ventures team, citing the firm’s core values of integrity, transparency, and positivity as key reasons for his enthusiasm in working with them.
