Sum Ventures
Description
Sum Ventures is an investment firm based in Santa Monica, California, primarily serving as the venture vehicle for Sumit Vohra, a distinguished entrepreneur and former executive with significant experience at technology giants such as MySpace and Scopely. The firm leverages Vohra's deep industry insights and operational expertise to identify and support promising startups. Sum Ventures operates with a lean structure, focusing on strategic investments rather than managing a large traditional fund.
The firm's investment strategy is centered on early-stage technology companies, with a clear preference for businesses demonstrating strong innovation and market potential. Sum Ventures typically participates in Seed, Series A, and occasionally Series B funding rounds. While they are not known for leading investment rounds, they are active and strategic co-investors, bringing valuable connections and guidance to their portfolio companies. Their approach emphasizes long-term partnerships with founders.
Sum Ventures has built a notable portfolio across various tech sectors. For instance, the firm participated in Aura's $10 million seed round in 2021, a testament to its engagement in nascent but high-potential ventures. Another significant investment includes their participation in Ethos' $15 million Series A round in 2020, showcasing their commitment to supporting companies transitioning from early development to growth. Furthermore, Sum Ventures has also extended its reach to more mature stages, as evidenced by its involvement in BlockFi's substantial $50 million Series B round in 2021.
Overall, Sum Ventures positions itself as a discerning investor in the dynamic tech landscape, providing capital and strategic support to companies poised for significant disruption and growth. Their investment philosophy reflects a hands-on, value-add approach, aiming to foster the development of innovative technologies and business models.
Investor Profile
Sum Ventures has backed more than 25 startups, with 2 new investments in the last 12 months alone. The firm has led 2 rounds, about 8% of its total and boasts 0 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
- Majority of deals are located in United States, Ghana.
- Strong thematic focus on FinTech, Software, Financial Services.
- Typical check size: $500K – $5M.
Stage Focus
- Seed (40%)
- Pre Seed (40%)
- Series A (12%)
- Undisclosed (4%)
- Series Unknown (4%)
Country Focus
- United States (96%)
- Ghana (4%)
Industry Focus
- Fintech
- Software
- Financial Services
- Saas
- Health Care
- Real Estate
- Artificial Intelligence (Ai)
- Finance
- Wealth Management
- Mobile
Frequently Asked Questions
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