Ankona Capital

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Overview

Ankona Capital is a venture capital firm founded in 2019, based in California, that invests in early-growth-stage B2B software companies generating $5 to $15 million in recurring revenues. It deploys $5 to $15 million per investment, providing capital and developmental support to help companies transition from startup to scale. The firm is managed by a team of investors and founders with over 50 years of combined experience in growing B2B software startups.

History

Ankona Capital was founded in 2019 by experienced software entrepreneurs and investors. The firm closed its first fund in March 2021 and its second fund, Ankona Capital Partners II, in October 2023. Its managing directors include Brian Mesic, Jared Smith, and Josh Harmsen, who have backgrounds in starting and selling companies for a combined $1.5 billion.

Notable Products

Ankona Capital Partners II - Second closed fund from October 2023 focused on early growth-stage B2B software investments.
Ankona Capital Fund I - First fund closed in March 2021 targeting B2B software companies with $5-15M in revenues.

Reputation

Ankona Capital is regarded as a specialized player in early-growth B2B software investments, valued for its hands-on support from founder-operators. Professionals note its focus on companies with proven recurring revenues rather than early seed stages. Limited public track record due to its recent founding keeps broader perceptions modest.

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