Our Fund
We partner with entrepreneurs at the earliest stages in the process of company building. We strongly believe in investing the right amount in new ventures - enough to allow entrepreneurs to execute on their ideas, but not so much as to make capital efficiency less of a priority. Ours is an evergreen fund with approximately $125 million under management. However, as an evergreen fund, we have a number of advantages: we have the ability to do follow-on investments in our early-stage companies, we are not subject to the fundraising cycles of other firms, and we have the ability to act quickly on our investment decisions.
Thomvest is unique among venture funds in that we are investing our own funds rather than those of larger institutional investors. This gives us not only a great deal of flexibility in the way that we work with entrepreneurs but also means that our stake in each venture is truly our own. Like early venture capitalists we believe less in managing a portfolio than in working with our entrepreneurs as partners. By being so involved in a company's growth we often lead subsequent financing for our portfolio companies.
Thomvest is proud to have helped build the companies that we have invested in. Of the 28 companies we have invested in over the last decade, 4 have gone public, 8 have been acquired, and 12 (including our most recent investments) continue to grow as private companies. By being patient investors we have seen some of our companies grow to revenues of up to $1 billion per year.
Investment Parameters
We are most interested in companies that meet the following criteria:
Investment Categories
- Software as a Service
- Technology-enabled consumer/business services
- Networking software and infrastructure
- Semiconductor devices
Investment Criteria
- Early and growth-stage companies
- Strong technical differentiation with an emphasis on intellectual property
- Compelling customer value proposition
- A large and growing market
- Experienced and passionate management team
- $100k-$3 million initial investment
- West coast focus
Investment Focus
We have a broad focus within technology. However, our primary focus is on emerging leaders in the spaces of software, hardware, and networking technologies. As such our most recent investments have been in areas ranging from cloud computing infrastructure to technology-enabled business service providers to application developers for mobile devices. What matters the most to us are the team, the uniqueness and intellectual property associated with the technology being deployed, and the ability to apply it to a large and growing market.
