Ankona Capital, a Newport Beach, CA-based venture capital firm, closed its second fund, at $129m.
The fund will focus on investing $5 million to $15 million in early growth-stage business-to-business (B2B) software companies which typically have $5 million-$15 million in recurring revenues.
Founded in 2019, Ankona supports founders in their path from startup to scale, providing support and operational guidance that aligns with their interests.
The fund has already made four investments to date: Bonusly, Alleva, Rivet, and VideoAmp.
The firm’s inaugural fund was closed in June 2021 at $66m.
FinSMEs
12/10/2023