Laconia Ventures

Laconia Capital Group, often referred to as Laconia Ventures, is a New York City-based venture capital firm with a dedicated focus on early-stage investments. The firm primarily targets B2B SaaS, digital media, and ad-tech companies, seeking out startups that have achieved early product-market fit and are demonstrating initial revenue traction. Their investment philosophy emphasizes providing not just capital but also strategic guidance and access to their extensive network, leveraging the deep operational experience of their partners.

The firm typically engages with companies at the Seed to Series A stages, aiming to be a lead or significant participant in these initial funding rounds. They are known for their hands-on approach, working closely with portfolio companies to navigate growth challenges, scale operations, and prepare for subsequent funding rounds. Laconia's partners, including David Arcara and Jeffrey Daniel, bring decades of experience in media, technology, and finance, which informs their investment decisions and value-add to founders.

While specific check sizes can vary based on the opportunity, Laconia Capital Group generally writes initial checks ranging from approximately $500,000 to $2 million. This range is consistent with their fund sizes; for example, their third fund, Laconia Capital Group Fund III, LP, closed at $25 million in 2019. This allows them to build a diversified portfolio of promising early-stage companies while reserving capital for follow-on investments in their most successful ventures. Their portfolio includes notable companies such as Smartling and The Daily Beast, showcasing their track record in supporting innovative businesses.