NYC-based Laconia Capital Group L.P. has launched a new B2B venture capital fund.
The newly capitalized fund utilizes an investment approach described as “Inflection Capital Investing,” through which the firm will invest in late seed-stage companies that have reached an inflection point in their business development that suggests continued growth, future funding rounds, and current tangible value.
Companies reaching an inflection point with an in-market product, existing primary revenue stream, and a valuation that reflects the current asset value typically need late seed-stage financing to further build out their product features set, and refine their market value proposition and sales structure.
Founded in 2014 by entrepreneurs and independent investors David Arcara and Jeffrey Silverman, Laconia invests at the Late Seed and Series-A stage of B-to-B SaaS companies solving immediate market, product, and legacy work flow problems in the marketing services, data management, mobile communications, publishing, media, sports, and entertainment industries.
The fund plans to complete 8-10 investments over the next 18 months with an average investment size between $250k-$750k.