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Array Ventures Raises $56M To Back Tech-Heavy Enterprise Software

Dec 21, 2021over 3 years ago

Amount Raised

$56 Million

Sales And MarketingSoftware

Description

Shruti Gandhi wants to clear up a misconception in first-check fundraising: Every founder doesn’t need their early-stage investors to be a shoulder for them, they just need their investor to understand their business in a way that others don’t. Most of the entrepreneurs in her portfolio for Array Ventures, a fund she started five years ago to back enterprise companies, are repeat founders with nearly a decade of experience in the field.

Company Information

Company

Array Ventures

About

Gandhi says that the firm will now target 15% ownership in each of its deals, up from 10% from its second fund.“While most firms claim they invested in enterprise tech, they focus on mostly bottom-up SaaS companies especially at the first-check stage,” Gandhi said.

FundzWatch™ Score

84
Medium Activity

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech