137 Ventures, a San Francisco, CA-based growth-stage venture-capital firm, announced Nicholas Procaccini as their new investment partner.
Mr. Procaccini started at the firm as an associate in 2014 and has been promoted throughout his time on the investment team – from associate to principal to investment partner, all within five years.
He led the firm’s recent investments in e-commerce marketplace company Wish and a yet-to-be disclosed company in the consumer-health space.
Mr. Procaccini also led diligence on Flexport, Gusto, Didi, and Curology and was involved in the diligence process for most of 137 Ventures’ investments since joining the firm.
Prior to 137 Ventures, he worked for three years at the UNC Management Company, which provides investment management services to the University of North Carolina System and its affiliated endowments and foundations. As a senior analyst, Mr. Procaccini worked on all aspects of the investment process for the now $6-billion UNC Investment Fund.
He graduated cum laude with a B.S. in business administration from UNC Chapel Hill. He is also a CFA charterholder.
Founded in 2011 and led by Justin Fishner-Wolfson, managing partner, 137 Ventures is a provider of customized liquidity solutions to founders, investors, and early employees of growth-stage, private technology companies. The firm structures transactions to align its interests with those of shareholders and their companies, while offering risk-adjusted returns to its investors. In addition to personalized liquidity solutions, 137 Ventures also participates in primary, direct equity-financing rounds.
The firm has raised four core funds and several co-investment vehicles, representing more than $1 billion in assets under management.