In our new article series, we introduce the most exciting venture capital firms that are open for LP investments to our family office network. The article belongs to our exclusive single-family office guidebook, where we give guidance on the most relevant topics for newly established and already existing family investment vehicles.
In this article, we talked to CoFound Partners, a venture capital firm focused on the enterprise software, databases, and technological infrastructure that aims to help companies on the GTM and sales Growth process by investing in seed and early stages to become a trustful and relevant early partner of the companies they invest in on their path to profitability and success.
Familyofficehub.io (FO): Briefly describe your focus: in which kind of startups are you investing, where is your geographical focus, what’s your average ticket size?
CoFound: We invest primarily in seed-stage rounds of enterprise software and B2B startups in which GTM and sales is a top priority for the founders. The majority of our investments are based in the U.S. but we may make opportunistic investments in companies domiciled in Canada, Western Europe, and Israel.
The ticket size for Fund II will be $250-500k for initial checks and reserve 50% of the Fund for follow on investments in subsequent rounds.
FO: What are exciting companies in your portfolio – and why?
CoFound: Fund I is still a very nascent portfolio but has already experienced a number of meaningful inflection points and markups. For instance, HR-technology platform ChartHop raised a subsequent Series A round led by top Silicon Valley VC firm, Andreesen Horowitz at a 3x step up from CoFound’s valuation.
All of our investments to date have been alongside premier institutions such as Andreessen Horowitz, Index Ventures, Thrive Capital, and leading seed-stage funds.
FO: Why should a Family Office invest in CoFound Partners as LP?
CoFound: The market field we invest in, mainly enterprise software, database, and technological infrastructure, has been one of the most attractive areas to invest in both the public and private markets over the past 5-10 years with many venture-backed companies going public and trading at attractive multiples in the public markets and producing outstanding returns for their early-stage investors.
We are in the early innings of digitizing the enterprise and we will provide our LPs the access to some of the most promising seed-stage B2B and marketplace startups because of our unique GTM value-add and collaborative check size. Despite investing at this stage is risky, we have a well-diversified portfolio, both in different tech fields but also in different problem-solving approaches that enable us to mitigate the idiosyncratic risk.
FO: Are you also open to investments from European family offices?
CoFound: We successfully oversubscribed our first fund but we’re starting to discuss Fund 2 and would be delighted to extend a preview to EU family offices!
FO: Thanks for your time!
Headquarters: New York, USA
Website: CoFound Partners