Converge

Converge is a Cambridge, Massachusetts-based venture capital firm established in 2017, specializing in early-stage B2B technology companies. They primarily target Seed and Series A investments, with a keen focus on sectors such as B2B SaaS, artificial intelligence/machine learning (AI/ML), and deep tech. The firm positions itself as a partner for founders building foundational technologies that drive enterprise innovation, leveraging its location within a vibrant tech ecosystem to identify promising startups.

Converge's investment strategy centers on identifying promising startups with strong technical foundations and scalable business models. They are known for their hands-on approach, providing strategic guidance and operational support to their portfolio companies. Their initial investments typically range from $1 million to $5 million, indicating a commitment to providing substantial early capital to fuel growth and product development. This focused investment size allows them to be a significant early partner for their portfolio companies, helping them navigate critical early-stage challenges.

The firm has demonstrated significant growth since its inception. In 2022, Converge announced the closing of its second fund, Converge II, with $100 million in capital, bringing their total assets under management (AUM) to $150 million across two funds. This substantial capital base enables them to support a diverse portfolio of innovative B2B ventures. With a portfolio that includes over 60 investments, Converge has established itself as a notable player in the Northeast's venture ecosystem, contributing to the advancement of critical enterprise technologies.