
Allegis Capital
Description
Allegis Capital is a long-standing venture capital firm based in Palo Alto, California, with a deep-rooted focus on early-stage technology companies. Established in 1996, the firm primarily targets Seed and Series A rounds, demonstrating a commitment to nurturing startups from their foundational stages. While the user's description broadly mentions Fintech, SaaS, and Enterprise, Allegis Capital's core investment thesis is more specifically concentrated on disruptive technologies within cybersecurity, artificial intelligence/machine learning (AI/ML), cloud infrastructure, and data management. This specialization allows them to leverage extensive domain expertise and a robust network to support their portfolio companies.
The firm's investment approach emphasizes a hands-on partnership, providing strategic guidance and operational support beyond capital infusion. They look for strong founding teams addressing significant market opportunities with innovative solutions. Allegis Capital has a history of raising dedicated funds to support their investment strategy, with recent funds like AllegisCapital VI and AllegisCyber Fund II each closing at approximately $100 million. This consistent fund size enables them to deploy meaningful capital into promising early-stage ventures and participate in follow-on rounds as companies scale.
Allegis Capital typically provides initial investments ranging from $500,000 to $5 million for Seed and Series A rounds. This range allows them to be a lead or significant participant in early funding rounds, often taking board seats to actively contribute to the company's growth trajectory. Over its decades of operation, Allegis Capital has built a diverse portfolio of over 100 companies, many of which have achieved successful exits through acquisitions or public offerings, underscoring the firm's track record in identifying and scaling high-potential technology businesses. Their enduring presence in Silicon Valley positions them as a seasoned partner for entrepreneurs navigating complex technological landscapes.
Investor Profile
Allegis Capital has backed more than 20 startups, with 3 new investments in the last 12 months alone. The firm has led 7 rounds, about 35% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series B, Series A rounds (top funding stages).
- Majority of deals are located in United States.
- Strong thematic focus on Financial Services, Insurance, InsurTech.
- Led 2 rounds in the past year.
- Typical check size: $500K – $5M.
Stage Focus
- Seed (25%)
- Series B (20%)
- Series A (20%)
- Series D (15%)
- Series C (10%)
- Convertible Note (5%)
- Series Unknown (5%)
Country Focus
- United States (100%)
Industry Focus
- Financial Services
- Insurance
- Insurtech
- Software
- Artificial Intelligence (Ai)
- Fintech
- Property Insurance
- Proptech
- Information Technology
- Developer Apis
Frequently Asked Questions
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