Converge

Type

Venture Capital

Status

Active

Location

Cambridge, United States

Total investments

62

Average round size

5M

Portfolio companies

51

Rounds per year

10.33

Lead investments

4

Follow on index

0.18

Exits

4

Areas of investment
InternetSoftwareFinancial ServicesAnalyticsInformation TechnologyArtificial IntelligenceMachine LearningSaaSEnterprise SoftwareMarketing

Summary

In 2018 was created Converge, which is appeared as VC. The leading representative office of defined VC is situated in the Cambridge. The venture was found in North America in United States.

The usual cause for the fund is to invest in rounds with 3 partakers. The meaningful sponsors for the fund in investment in the same round are Engineering Capital, Elefund.

Among the most popular portfolio startups of the fund, we may highlight Nimbella. We can highlight the next thriving fund investment areas, such as Cloud Computing. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

The fund was created by Maia Heymann, Nilanjana Bhowmik.

The important activity for fund was in 2018. The fund is generally included in less than 2 deals every year. Deals in the range of 1 - 5 millions dollars are the general things for fund.

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Investor highlights

Industry focus
AI/Big DataCloud/InfrastructureDeveloper ToolsCybersecurityB2B/Enterprise Show 6 more
Stage focus
Seed

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Investments analytics

Analytics

Total investments
62
Lead investments
4
Exits
4
Rounds per year
10.33
Follow on index
0.18
Investments by industry
  • Software (27)
  • SaaS (16)
  • Analytics (13)
  • Artificial Intelligence (9)
  • Enterprise Software (9)
  • Show 91 more
Investments by region
  • United States (51)
  • Canada (5)
  • Germany (1)
  • Israel (1)
Peak activity year
2022
Number of Unicorns
1
Number of Decacorns
1

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Quantitative data

Avg. startup age at the time of investment
7
Avg. valuation at time of investment
173M
Group Appearance index
0.89
Avg. company exit year
8
Strategy success index
0.20

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Hark 18 Jun 2024 Software, Customer Service Seed 3M United States, New York, New York
Chimney 12 Jan 2022 Software, Financial Services, FinTech, Banking, Lending Seed
How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.