CM

CVP Management

North America, Massachusetts, United States, Cambridge

Description

Converge Venture Partners, formerly known as CVP Management, is a prominent early-stage venture capital firm headquartered in Cambridge, Massachusetts. The firm distinguishes itself by focusing on B2B software companies, with a particular emphasis on disruptive technologies within sectors such as AI/ML, cloud infrastructure, cybersecurity, and the evolving future of work. Converge is recognized for its strategic approach to investing, identifying promising startups at the seed and early Series A stages that are poised for significant growth and market impact.

Founded by experienced venture capitalists Nilanjana Bhowmik and Maia Heymann, Converge brings a unique perspective and deep operational expertise to its portfolio. The firm is known for its hands-on partnership model, providing not just capital but also strategic guidance, network access, and operational support to help founders scale their businesses effectively. This collaborative approach aims to accelerate product-market fit and drive commercial success for its investments.

Converge typically deploys initial checks ranging from $500,000 to $3,000,000, reserving substantial capital for follow-on rounds to support its most promising portfolio companies through subsequent growth stages. With a portfolio that includes over 100 investments, the firm has demonstrated a consistent ability to identify and nurture high-potential ventures. Their investment thesis centers on backing strong founding teams with innovative solutions that address critical enterprise needs. The firm's commitment to fostering long-term relationships and providing value beyond capital has positioned it as a respected partner in the early-stage B2B software ecosystem.

Investor Profile

CVP Management has backed more than 153 startups, with 0 new investments in the last 12 months alone. The firm has led 16 rounds, about 10% of its total and boasts 37 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Canada, France.
  • Strong thematic focus on Software, Enterprise Software, SaaS.
  • Typical check size: $500K – $3M.

Stage Focus

  • Seed (27%)
  • Series A (24%)
  • Series Unknown (23%)
  • Series B (12%)
  • Series C (9%)
  • Convertible Note (2%)
  • Series D (1%)
  • Angel (1%)
  • Debt Financing (1%)
  • Grant (1%)

Country Focus

  • United States (92%)
  • Canada (4%)
  • France (3%)
  • Switzerland (1%)

Industry Focus

  • Software
  • Enterprise Software
  • Saas
  • Advertising
  • Analytics
  • Mobile
  • Internet
  • Marketing
  • Information Technology
  • Digital Media
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does CVP Management frequently co-invest with?

LaunchCapital
North America, Connecticut, United States, New Haven
Co-Investments: 10
boldstart ventures
North America, Florida, United States, Miami
Co-Investments: 6
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 6
Sigma Prime Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 6
Converge
North America, Massachusetts, United States, Cambridge
Co-Investments: 6
Boston Seed Capital
North America, Massachusetts, United States, Boston
Co-Investments: 9
MassVentures
North America, Massachusetts, United States, Boston
Co-Investments: 9
Resolute Ventures
North America, California, United States, San Francisco
Co-Investments: 6
Cherrystone Angel Group
North America, Rhode Island, United States, Providence
Co-Investments: 6
RRE Ventures
North America, New York, United States, New York
Co-Investments: 6

Which angels does CVP Management often collaborate with?

DS
North America, Massachusetts, United States, Boston
Shared Deals: 5
David Chang
North America, Massachusetts, United States, Boston
Shared Deals: 3
MD
North America, Massachusetts, United States, Boston
Shared Deals: 2
WW
North America, Massachusetts, United States, Boston
Shared Deals: 2
JL
North America, Massachusetts, United States, Boston
Shared Deals: 2
JC
North America, Massachusetts, United States, Boston
Shared Deals: 3
TB
North America, Massachusetts, United States, Boston
Shared Deals: 5
ND
North America, Massachusetts, United States, Boston
Shared Deals: 2
MV
North America, Massachusetts, United States, Boston
Shared Deals: 2
TC
North America, Massachusetts, United States, Boston
Shared Deals: 3

What are some of recent deals done by CVP Management?

Orijin, PBC

New York, New York, United States

Orijin utilizes advances in edtech to help make quality education more accessible to incarcerated learners.

EducationInformation TechnologyMobileSaaSSoftware
Series CJul 12, 2022
Amount Raised: $7,000,000
BlueConic

Boston, Massachusetts, United States

BlueConic is the operating system that puts data into action for marketing and growth doers.

AnalyticsData IntegrationData VisualizationDatabaseDigital MarketingMarketingPredictive AnalyticsReal TimeSaaSSoftware
Series UnknownJan 5, 2022
Orijin, PBC

New York, New York, United States

Orijin utilizes advances in edtech to help make quality education more accessible to incarcerated learners.

EducationInformation TechnologyMobileSaaSSoftware
Series BJun 25, 2020
Amount Raised: $5,000,000
BlueConic

Boston, Massachusetts, United States

BlueConic is the operating system that puts data into action for marketing and growth doers.

AnalyticsData IntegrationData VisualizationDatabaseDigital MarketingMarketingPredictive AnalyticsReal TimeSaaSSoftware
Series BJan 2, 2020
Amount Raised: $12,800,000
Chainalysis

New York, New York, United States

Chainalysis provides blockchain data and analysis to governments, banks, and businesses worldwide.

AnalyticsBlockchainCryptocurrencyFinTechSoftwareWeb3
Series AApr 5, 2018
Amount Raised: $16,000,000
Flipside Crypto

Boston, Massachusetts, United States

Flipside Crypto provides analytics and business intelligence to crypto organizations.

AnalyticsBlockchainCryptocurrencySoftware
SeedMar 28, 2018
Amount Raised: $3,400,000
Mylestone

Boston, Massachusetts, United States

Mylestone makes people's memories easily accessible on virtual assistants, like Amazon's Echo.

Artificial Intelligence (AI)InternetVirtual Assistant
SeedFeb 16, 2017
Amount Raised: $2,500,000
Klipfolio

Ottawa, Ontario, Canada

Klipfolio offers a business dashboard and analytics software for businesses to monitor and visualize their KPIs and metrics in real-time.

AnalyticsBig DataBusiness IntelligenceEnterprise SoftwareSaaSSoftware
Series BJan 5, 2017
Amount Raised: $9,069,198
Crayon

Boston, Massachusetts, United States

Competitive intelligence platform that enables businesses to see and seize opportunities & create sustainable advantages in their markets

AnalyticsArtificial Intelligence (AI)Business DevelopmentBusiness IntelligenceMachine LearningMarketingSaaSSoftware
SeedNov 10, 2016
Amount Raised: $3,350,000
Podium Data

Lowell, Massachusetts, United States

Podium Data uses big data technologies to redefine the enterprise data management.

AnalyticsCyber SecurityData ManagementEnterpriseInformation TechnologyIntelligent Systems
Series ASep 26, 2016
Amount Raised: $9,700,000