Convergence Partners

Summary

Convergence Partners appeared to be the VC, which was created in 2006. The company was established in Africa in South Africa. The main department of described VC is located in the Johannesburg.

For fund there is no match between the location of its establishment and the land of its numerous investments - United States. We can highlight the next thriving fund investment areas, such as Service Industry, Information Services. Besides, a startup needs to be aged 6-10 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight CSquared, Snapt, Vectiv. The fund has exact preference in some founders of portfolio startups.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Convergence Partners, startups are often financed by Weber Capital, San Francisco Equity Partners, vSpring Capital. The meaningful sponsors for the fund in investment in the same round are Weber Capital, San Francisco Equity Partners, vSpring Capital. In the next rounds fund is usually obtained by vSpring Capital, Weber Capital, San Francisco Equity Partners.

The top amount of exits for fund were in 2018. The fund is constantly included in less than 2 deals per year. Deals in the range of 10 - 50 millions dollars are the general things for fund. Comparing to the other companies, this Convergence Partners performs on 15 percentage points less the average number of lead investments. The important activity for fund was in 2000. The real fund results show that this VC is 14 percentage points more often commits exit comparing to other companies. The average startup value when the investment from Convergence Partners is 50-100 millions dollars.

The current fund was established by Andile Ngcaba, Brandon Doyle, Eric Di Benedetto, Idan Segal, Russ Irwin, Stefan Ferreira. The overall number of key employees were 5.