TLDR:
- Max Altman, Ben Braverman, and Thomson Nguyen raise $125 million for Saga Ventures to invest in software businesses outside Silicon Valley.
- Saga Ventures plans to focus on early-stage software startups with an investment range of $2 million to $2.5 million per company.
Max Altman, along with Ben Braverman and Thomson Nguyen, have raised $125 million for their seed-stage VC firm Saga Ventures to invest in software businesses outside of Silicon Valley. Altman, known for his time at Zenefits, joined forces with Braverman, a former Flexport executive, and Nguyen, a two-time founder, to back companies targeting non-tech-savvy customers. With a focus on early-stage software startups, Saga Ventures plans to invest $2 million to $2.5 million across 30 companies, leading or co-leading early-stage rounds. While their strategy is not revolutionary, their emphasis on software-as-a-service startups, particularly those catering to everyday people, sets Saga Ventures apart. This trio of investors brings a unique blend of skills and networks, positioning them to make an impact in the venture capital world.
