Armory Square Ventures

Armory Square Ventures (ASV) is an early-stage venture capital firm strategically located in Syracuse, New York, positioning itself to capitalize on opportunities often overlooked by traditional coastal VCs. The firm's core investment thesis revolves around B2B software, mobile applications, and technology-enabled services. ASV distinguishes itself by actively seeking out and supporting promising startups in "under-ventured regions" across the United States, including Upstate New York, the Midwest, and the Mid-Atlantic states. This geographic focus allows them to tap into diverse talent pools and innovative ideas outside of established tech hubs.

Since its inception, Armory Square Ventures has successfully raised and deployed three distinct funds, culminating in a total of $100 million in assets under management. This capital is primarily directed towards Seed and Series A stage companies, reflecting their commitment to early-stage growth. The firm's investment approach is hands-on, aiming to provide more than just capital. They offer strategic guidance, operational support, and access to a robust network of industry experts and potential customers, helping their portfolio companies navigate the complexities of scaling.

ASV typically writes initial checks ranging from $500,000 to $3,000,000, with a willingness to participate in follow-on rounds as their portfolio companies achieve key milestones. Their disciplined investment strategy has led to a diverse portfolio of over 30 companies, demonstrating their broad reach and commitment to fostering innovation across various sectors within their focus areas. The firm's long-term vision emphasizes building sustainable, high-growth businesses that can generate significant returns for their limited partners while contributing to the economic vitality of their target regions.