San Francisco, CA-based Sweat Equity Ventures (SEV) has launched a value accelerator model to create value rather than deploying capital.
Created by former Greylock talent partner Dan Portillo and funded by limited partner Reid Hoffman, the $30m fund will cover the operating costs of SEV’s work on behalf of portfolio companies.
SEV invests in B2B and enterprise companies between Seed and Series B rounds. Following the close of the deal, the firm becomes an extension of the founding team to massively accelerate growth and turn innovative visions into viable and valuable businesses.
Comprised of a complete team of some of tech’s most sought-after operators and leaders, the firm provides the expertise and networks founders need to massively accelerate progress across three essential vectors of value:
- product development, and
Current portfolio companies include Colony Labs, Dessa, Elev8, LTSE, Newfront, Nuro.ai, Swoop, Ubiquity6, and Verta.