CVP Management
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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