Ankona Capital

Ankona Capital is a venture capital firm based in Newport Beach, California, specializing in early-growth-stage B2B software companies. The firm invests between $5 million and $15 million in companies generating $5 million to $15 million in recurring revenues. Ankona Capital focuses on supporting founders through the critical 'elbow' phase, where companies transition from startup to scale, providing both financial backing and operational guidance. The team comprises experienced investors and founders with over 50 years of combined software experience, having previously founded and sold companies for a combined $1.5 billion. Ankona Capital's second fund, ACP II, closed in October 2023 with $129 million in commitments, doubling the size of its inaugural fund. The firm has made investments in companies such as Bonusly, Alleva, Rivet, and VideoAmp, demonstrating its commitment to fostering growth in the B2B software sector. Ankona Capital is actively seeking innovative software companies looking to scale effectively and efficiently.

Ankona Capital's investment strategy emphasizes smart, capital-efficient growth, aiming to help portfolio companies achieve sustainability and scale. The firm's approach is rooted in the belief that software is transforming industries globally, and it seeks to partner with founders who share this vision. Ankona Capital's team offers more than just financial support; they provide empathetic and operational guidance, understanding the challenges of building a software company from firsthand experience. The firm's commitment to founders is evident in its transparent communication, timely responses, and a supportive approach that fosters long-term partnerships. Ankona Capital's inclusive and rewarding culture is designed to cater to the unique needs of each founder, ensuring that their goals and values align with the firm's mission.

Ankona Capital's portfolio reflects its focus on high-growth B2B software companies across various sectors, including human resources, healthcare, media, and professional services. The firm's investments are characterized by a hands-on approach, offering strategic guidance and resources to help companies navigate the complexities of scaling. Ankona Capital's operating partner team includes former founders who have successfully built and sold software companies, bringing valuable insights and expertise to the table. The firm's dedication to fostering innovation and supporting entrepreneurs is evident in its active search for groundbreaking partners and its commitment to providing comprehensive support throughout the growth journey.