Fundraising Fox
Armory Square Ventures
Venture capitalSyracuse · Seed–Series A · 28 people tracked
Also known as ARMORY SQUARE VENTURES MANAGER, LLC
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Investment thesis
Armory Square Ventures believes category-defining companies can emerge from underestimated people and overlooked places beyond the traditional coastal tech centers. The firm invests early in visionary B2B entrepreneurs, combining capital and conviction with hands-on mentorship, governance support, and access to networks to help founders scale. Its philosophy emphasizes disciplined, high-integrity support of founders who may not fit the typical mold, in the belief that this approach produces outsized outcomes.
Source: firm website, verified Oct 24, 2026.
Team · 28 people
from the firm's website & public directories
Founding Partner Emeritus who helped direct ASV's core operations from inception and served as Head of Strategy, advising the team and portfolio companies on fundraising, hiring and business development. A former investment banker (started at JP Morgan Chase in 1999), biologist, journalist and documentary filmmaker; she cofounded the Armory Square Prize for South Asian Literature in Translation.
Authored a featured insight examining the female founder funding gap.
Authored a featured insight on assessing founder grit.
Aman Devgan is President & General Manager at Menufy, a digital ordering and marketing platform within HungerRush, where he holds full P&L responsibility. He has served in three General Manager roles and five C-suite positions across SaaS and platform businesses ranging from $20M to $350M in ARR, and achieved two successful exits through the acquisitions of TCGplayer by eBay and Upserve by Lightspeed. His experience spans product strategy, go-to-market architecture, and operations across restaurant technology, commerce infrastructure, and marketplace categories.
Anita Mwashi is an Executive Assistant at Armory Square Ventures with over three years of experience as a virtual assistant across industries including real estate, education, marketing, and health. She manages tasks including data entry, research, calendar and inbox management, bookkeeping, travel coordination, and customer service. Mwashi is proficient in Microsoft Office, Google Suite, WordPress, Mailchimp, and Zoom.
Ayham Boucher is a contractor with Geneva Global's Donor Advising Team who works across institutional strategy, advisory services, and creative programming. His experience includes building and scaling organizations, supporting leaders through transitions, and designing narrative-focused programs; he has worked with social enterprises, cultural institutions, venture capital firms, and cross-sector partnerships. Boucher holds a BA from Harvard and an MJ from UC Berkeley, is based in Oakland, and teaches graduate courses in the arts sector.
John Cococcia is CFO at Ethermed and brings 20 years of experience working with early and growth stage companies in investor, board member, and advisory capacities. His background includes involvement in strategy development, executive recruiting, venture and growth financings, restructurings, and exits, with participation on board committees overseeing compensation, audit, recruitment, and M&A matters. He has completed over 40 M&A and financing transactions and teaches as an adjunct professor at Siena College while guest lecturing on venture capital, entrepreneurship, and leadership at other universities.
Kyle Ciminelli is President of Ciminelli Real Estate Corporation, overseeing the company's brokerage, investments, development, and acquisitions operations. Following a 16-year career at Newmark in New York City, where he served as Executive Managing Director providing real estate advisory services to institutional clients in the technology, media, legal, and education sectors, he relocated to Buffalo to join the family business. In 2020, he formalized an alliance between Ciminelli Real Estate Corporation and Newmark, establishing Newmark Ciminelli as the brokerage brand for the Western New York market.
Laura Kinder is President and Partner at Daversa Partners, a executive search firm. She became the firm's youngest female partner at age 28 and has completed over 1,000 executive searches across consumer and B2B companies during her nearly two-decade career. Her search practice has served investors including Andreessen Horowitz, NEA, and Spark Capital, and she has placed executives at companies including OpenAI, MongoDB, Plaid, and DraftKings.
Nomi Bergman is a technology executive who serves as President of the Advance/Newhouse Investment Partnership, focusing on corporate development and strategic partnerships. Previously, she was President of Bright House Networks, which she helped found and develop into the sixth-largest U.S. cable operator with over $4 billion in annual revenue and 2.5 million customers. She currently serves on the boards of Hawkeye360, Visteon, and Black & Veatch, and was previously a board member at Comcast and inductee to the Broadcasting + Cable Hall of Fame in 2022.
P. Tate Olinghouse serves as an Advisory Board Member at Armory Square Ventures and brings two decades of executive experience in revenue growth and organizational transformation. At Acxiom, an IPG company, he led the North American business, overseeing new customer acquisition, contract renewals, and go-to-market strategy alignment across sales, marketing, and product functions. His background spans financial services, retail, technology, telecommunications, and healthcare, with expertise in revenue operations, P&L management, leadership development, and digital transformation.
Pritam Advani is a senior executive and entrepreneur with experience building and exiting multiple companies. He currently serves as Director at Global Tax Management and has expertise in mergers and acquisitions, start-ups, strategic planning, and financial and operations management.
Regan Hofmann is a marketing consultant and copywriter with experience across D2C consumer brands, legacy media, nonprofits, and financial services. She specializes in brand voice development and editorial strategy, drawing on her background in consumer behavior and storytelling.
Rob Lentz is an LP and advisory board member at Armory Square Ventures with over 30 years of experience in software and systems development, including 15+ years in technology leadership roles. He has managed large multi-country technology organizations in general manager positions and brings consulting, sales, and product development expertise along with multi-country operational experience.
Ronak Parikh is Senior Director of Yield, Product Analytics, and Experimentation at Best Buy Ads, where he leads data-driven product development in digital marketing and programmatic advertising. His experience includes building monetized data products, developing new offerings, and managing cross-functional execution across product strategy, vendor partnerships, and sales enablement. Parikh has worked on opportunity analysis, strategic roadmap planning, and customer-driven innovation in the AdTech and MarTech sectors.
Steve Hovagimyan is Head of Finance at Quartermaster AI and a CFO with experience across venture- and PE-backed SaaS, fintech, and marketplace companies in the $5M–$50M revenue range. His work spans audit and exit preparation, fundraising support, financial systems implementation, and strategic finance partnership. He has scaled finance operations across multiple startups, led two exits, and managed relationships with over 40 institutional investors.
Vikas Mehta is Chief Operating Officer at ACV Auctions. He has 15 years of experience in strategy, operations, and general management across internet marketplaces, e-commerce, and classifieds platforms globally. His background spans domestic and international business operations, product management, customer experience, and revenue generation.
Zack Schneider is the founder of Agency 15, a creative and strategic firm that works with brands on marketing, storytelling, and scaling. He previously founded and exited an agency before age 26 and currently leads teams focused on high-performing, culture-driven work.
Anthony Santaro is a member of Armory Square Ventures' investment team, responsible for sourcing deals, evaluating opportunities, and supporting portfolio companies. He previously worked as an analyst at Wells Fargo's investment bank in New York City, serves on the board of the Young Citizens Committee for New York City, and holds a degree from Johns Hopkins University.
Writer and editor who manages communications at Armory Square Ventures. Previously led business development at ML startup Impira (acquired by Figma in 2022); holds a B.A. from Pomona College and an M.F.A. in Nonfiction Writing from Columbia University.
What they invest in
from 26 of 42 portfolio companiesSaaS ×17AI & Machine Learning ×13Enterprise Software ×7Marketing Tech ×4Marketplaces ×4Sales Tech ×4Deep Tech ×3E-commerce ×3
HQs:United States×23South Africa×1
Who they back
founder profiles across 16 portfolio companiesFounding team size:solo founder×62 founders×63 founders×24+ founders×2
Where their founders studiedfrom 15 founders with education data
Cornell ×2Indiana State University ×2
What their founders studiedfrom 12 founders with field-of-study data
Finance & Accounting ×3Computer Science ×2Engineering ×2Politics & Policy ×2
Where their founders worked beforefrom 15 founders with career history
Humanly ×3Cushman & Wakefield ×2
Accelerator rootsportfolio companies that came through a program
Investments · 42 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 12023 · 42022 · 12020 · 12017 · 22014 · 113 dated
BentoBox provides restaurant marketing and commerce solutions, now integrated into the Clover POS ecosystem.
Marketing TechMarketplacesSaaSNew York City, US
Krystle Mobayeni(Founder)inPierre Drescher(Executive Officer, Promoter)
Board seatSomak Chattopadhyay· per SEC Form D
Co-investorsBullpen CapitalFemale FoundersGolden SeedsLaunchCapitalRiverPark VenturesTechstars+7 more
Fabric builds healthcare technology that unifies virtual and in-person care across intake, triage, routing, and treatment while automating clinical and administrative workflows for staff.
AI & Machine LearningDigital HealthHealthtechSaaSTroy, US
Keith Algozzine(Executive Officer, Director)Aniq Rahman(Founder & CEO)inAiden Feng(COO)inDerek Rockwell(CTO)inJillian Moulton(Chief People Officer)inStefan Behrens(Chief Strategy Officer)in
Board seatSomak Chattopadhyay· per SEC Form D
Co-investorsAtento CapitalBoxGroupJanuary VenturesLaerdal Million Lives FundRevolutionUpVentures Capital+1 more
PromptPath enables automotive dealerships to master customer conversations through real-time prompts and AI-powered coaching across phone, showroom, and in-person interactions, automatically capturing and summarizing conversations into CRM systems.
AI & Machine LearningEnterprise SoftwareSaaSAustin, US
Max Steckler(Executive Officer, Director)Amit Maheshwari(Executive Officer, Director)
BoardZack Freed(Director)in
Board seatSomak Chattopadhyay· per SEC Form D · $13M raise · filed Mar 2026
Co-investorsAutomotive Ventures MobilityFraser McCombs Capital
Shelfmark provides AI-based visual inspection systems that detect, predict, and prevent defects in continuously manufactured "web-based" rolled goods such as textiles, webbings, labels, films, trusses, and coil coatings.
Advanced ManufacturingAI & Machine LearningHardwarePittsburgh, US
Patrick O'Donnell(Executive Officer, Director, Promoter)PatinCraig Markovitz(Executive Officer, Director)in
Board seatAnthony Santaro· per SEC Form D
Co-investorsGrand VenturesTitletownTechCultivation Capital
Vizbee provides universal casting technology and lets media companies launch branded, high-performance TV apps across platforms such as FireTV, Roku, Samsung, LG, Vizio, AndroidTV, and Xbox.
AdTechMedia & EntertainmentSaaSNew York, US
Mark Levine(Director)Darren Feher(Executive Officer, Director)Prashanth Pappu(Director)Jeremy Legg(Director)
Board seatSomak Chattopadhyay· per SEC Form D
Co-investorsCerity Partners VenturesKinetic Ventures, L.L.C.Social StartsCore CapitalNew Enterprise Associates (NEA)
ACV Auctions operates an automotive marketplace and product suite that enables business partners in the used vehicle industry to manage their operations and transactions.
E-commerceLogistics & Supply ChainMarketplacesBuffalo, US
Joseph S. Neiman(Executive Officer, Director, Promoter)John Louis Greco(Executive Officer, Director)Daniel K. Magnuszewski(Executive Officer, Director)George Chamoun(Founder)inDan Magnuszewski(Founder)Jack Greco(Founder)
Co-investorsAkkadian VenturesBain Capital VenturesBessemer Venture PartnersHomebrewTribeca Venture PartnersUpVentures Capital+1 more
Besty is a platform that combines AI, guest experience management, and property operations tools for vacation rental managers.
AI & Machine LearningFuture of WorkPropTechSaaS
Sam Dundas(Founder)inAarlo(Founder)
Co-investorsAIX VenturesBungalow CapitalGrand VenturesAlchemist AcceleratorRidge Ventures
BosonQ Psi (BQP) develops BQPhy, a simulation software that integrates quantum computing with high-fidelity engineering simulations such as computational fluid dynamics.
AI & Machine LearningDeep TechEnterprise SoftwareQuantum ComputingSaaSBear, US
Rut Lineswala(Executive Officer, Director)inJash Kumar Minocha(Executive Officer)Abhishek Chopra(Founder)in
BoardRoger Krakoff(Director)inVijay Sethi(Director)
Co-investorsAlumni VenturesArka Venture LabsEMERGENT VENTURESGaingelsMonta Vista CapitalPrana Tech Ventures+4 more
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Clerio Vision is a development-stage medical device company developing LIRIC, a femtosecond laser technology that changes the refractive index of lens materials or corneal tissue without cutting or removing tissue.
BiotechDeep TechHealthtechMedical DevicesRochester, US
Alex Zapesochny(CEO)inAlissa Seidman(CFO)inLen Zheleznyak(Chief Scientific Officer)inWayne Knox(Chief Research Officer)Alexandra Latypova(Executive Officer, Director, Promoter)
BoardDavid Williams(Director)
Co-investorsSafar PartnersCapTableTopmark PartnersUpVentures Capital
Compyl provides an integrated governance, risk, and compliance (GRC) platform designed to replace fragmented point solutions for managing security and compliance.
CybersecurityEnterprise SoftwareSaaS
Stas Bojoukha(Co-founder)inSimon Shaddock(Co-founder)in
Co-investorsAlpine MeridianContour Venture PartnersNVP CapitalVenture Guides Management, L.P.Newark Venture Partners
Wiley Cerilli(Founder)in
Co-investorsLerer HippeauNat TurnerWestern Technology Investment
Heretto is a cloud-based, DITA-powered content operations platform with a component content management system (CCMS), Deploy API, and portal tools that let enterprises create, distribute, and personalize product documentation and self-service help sites.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaSRochester, US
Co-investorsFlow CapitalGaingels
Machinery Partner facilitates the sourcing, financing, and management of heavy equipment for business customers.
B2B MarketplacesFintechBoston, US
Co-investorsBantam GroupOne Way VenturesPJCSNAK Venture PartnersTechstarsZelkova Ventures+2 more
Motive provides connectivity and automation software for the physical economy, including AI-powered dashcams, omnicams, and telematics solutions for fleet management and logistics operations.
AI & Machine LearningIoTLogistics & Supply ChainMobility & TransportationSaaSDover, US
Shoaib Makani(Founder)inObaid Khan(Founder)inAdam Block(Executive Officer)inShulamite White(Executive Officer)Amish Babu(Executive Officer)inHemant Banavar(Executive Officer)in
Co-investorsKleiner PerkinsBosch VenturesBow CapitalChemistryCollective LiquidityConductive Ventures+16 more
Motive is a platform focused on improving the car shopping experience.
AI & Machine LearningDirect to ConsumerE-commerceMarketing TechMarketplacesSaaS
Moxie Scrubs designs and sells scrubs and medical apparel inspired by nurses, offering products such as scrub tops, pants, and jackets for nursing and healthcare professionals.
ConsumerDirect to ConsumerE-commerceBoston, US
Alicia Tulsee(Founder & CEO)in
Co-investorsGaingelsHBS Angels of BostonService Provider CapitalWalnut Venture Associates
Multiplayer is a developer tool that runs locally alongside AI coding agents to automate the debugging loop—detecting, triaging, deduplicating, and fixing bugs across development, testing, QA, and production.
AI & Machine LearningData & InfrastructureDeveloper ToolsSaaS
Steph Johnson(Co-Founder & CEO)inThomas Johnson(Co-Founder & CTO)
Co-investorsAlumni VenturesBowery CapitalOkapi Venture CapitalAbstract VenturesAlchemist AcceleratorAndreessen Horowitz+11 more
Nebex operates an exchange platform for the global space economy, providing standardized infrastructure that connects demand, supply, and capital for multilateral space commerce.
B2B MarketplacesDeep TechFintechSpace Tech
Co-investors2048 VenturesAIN VenturesBetter Tomorrow VenturesEniac VenturesGV (Google Ventures)Multiball Capital+2 more
Qualifi is a hiring platform that lets recruiters send pre-recorded, voice-based automated phone screens and collect on-demand candidate responses, with follow-up scheduling built in.
Future of WorkHR TechSaaSNoblesville, US
Darrian Mikell(CEO / Co-Founder)inDevyn Mikell(COO / Co-Founder)inDeSean Prentice(VP of Engineering / Co-Founder)in
Co-investorsBlue Trail PartnersDebut CapitalElevate VenturesRally Ventures Management, LlcService Provider CapitalSixty8 Capital+7 more
Qumis provides an AI platform built for insurance coverage attorneys and law firms that analyzes complex insurance policies and programs, producing cited, confidence-scored comparisons, checklists, opinions, and client-ready deliverables.
AI & Machine LearningInsurTechLegalTechChicago, US
Shivam Sinha(Executive Officer, Director)Dan Schuleman(Executive Officer, Director)
BoardBrian McLoughlin(Director)inNeenah Jain(Director)in
Co-investorsAlumni VenturesAmerican Family VenturesMTECH CAPITALWestlake Village BioPartners
Dan Schuleman(Founder)Dan Schuleman Shiv Sinha(Founder)Shiv Sinha(Founder)
Co-investorsGrand VenturesAmerican Family Ventures
SquareFoot is a commercial real estate brokerage that helps companies find and lease office space, pairing comprehensive market listings with dedicated brokers and search tools.
MarketplacesPropTechNew York, US
JONATHAN WASSERSTRUM(Executive Officer, Director)inJUSTIN LEE(Executive Officer, Director, Promoter)inARON SUSMAN(Executive Officer, Director, Promoter)in
BoardBradley Svrluga(Director)Jesse Hertzberg(Director)
Co-investorsElevate Innovation PartnersEntrepreneurs Roundtable Accelerator (ERA)LaunchCapitalMetaPropMetaProp VenturesRosecliff Ventures+4 more
StorySlab is a sales enablement technology provider serving enterprise customers across multiple industries.
Enterprise SoftwareSaaSSales TechSyracuse, US
Hans C. Fuller(Executive Officer, Director)
Co-investorsTIA Ventures
Thoughtly builds CRM-driven AI voice agents that call sales leads and follow up across SMS, email, iMessage, and WhatsApp until contact is made, writing call notes and deal stages back to CRMs like Salesforce and HubSpot.
AI & Machine LearningEnterprise SoftwareSaaSSales TechNew York, US
Torrey Leonard(Founder)inCasey Mackrell(Founder)
Co-investorsAfore CapitalConvergeExpansion Venture CapitalNVP CapitalNewark Venture Partners
Tiga AI builds data-driven go-to-market solutions powered by AI, serving B2B sales and marketing teams.
AI & Machine LearningMarketing TechSaaSSales Tech
Andre(Founder and CEO)Mike(Founder and CTO)Michael(Founder and VP of Software Engineering)
Co-investorsLong Way VenturesCascade Seed Fund
Digital out-of-home advertising and next generation retail network (Exited 2019)
Long Island City, US
Brian Shimmerlik(Executive Officer, Director)inSteven Felsher(Director)Dan Gay(Director)David olk(Director)
BoardJens Molbak(Director)
Co-investorsColle Capital PartnersElizabeth Street VenturesGotham Gal VenturesGrace Beauty CapitalModerne VenturesNYU Innovation Venture Fund+6 more
Zencentiv provides a sales incentive platform designed to manage sales compensation at scale, handling commission design, processing, compliance, and seller visibility for revenue teams.
Enterprise SoftwareHR TechSaaSSales TechHayward, US
Aleksandr Kulik(Executive Officer, Director)Tom Rogers(CEO & CRO)inOxana Jurosevic(CPO)inAlex Kulik(President & COO)inAlexander Gaputin(CTO)Jaspal Bhamra(Chief Architect & Head of AI)
Co-investorsStartupNV
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Jorsek, Inc.Next Bloom IncACV AuctionsAdapt NAgronomic TechnologyBqp Bosonq PsiChampionTheUcmVariabl
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.
Exits · 1
1 acquisitionsAgronomic Technologyacq. by Yara International ASA
Portfolio news
latest coverage across their companiesMotive · gomotive.com · Sep 10, 2026
Shelfmark · finance.yahoo.com · Aug 5, 2026
Qumis · thesaasnews.com · Feb 20, 2026
Fund performance · per public LP disclosures · 2
as of Mar 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Armory Square Ventures III, LPLPs: Empire State Development – New York Ventures | 2023 | — | — | 0.75x | 0.00x |
| Armory Square Ventures II, LPLPs: Empire State Development – New York Ventures | 2019 | — | — | 0.64x | 0.12x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Armory Square Ventures made?
- Armory Square Ventures has 42 tracked investments, 1 of which have exited, including 4 dated in the last 24 months.
- What stage does Armory Square Ventures invest at?
- Armory Square Ventures invests at the Seed, Series A stages.
- What is Armory Square Ventures's typical check size?
- Armory Square Ventures typically writes checks of $500K – $2M.
- What sectors does Armory Square Ventures focus on?
- Armory Square Ventures focuses on Enterprise Software, SaaS, Sector Agnostic.
- Where is Armory Square Ventures located?
- Armory Square Ventures is headquartered in Syracuse, US.
- Does Armory Square Ventures lead rounds?
- Yes, Armory Square Ventures leads investment rounds.
- Who does Armory Square Ventures co-invest with?
- Armory Square Ventures most often shares deals with Techstars, UpVentures Capital, Western Technology Investment, among 98 tracked co-investors.
From the blog
visit blog ↗Armory Square Ventures has published insights on investing in vertical AI software, founder decision-making, and startup operations. The firm emphasizes backing context-rich B2B software addressing specific verticals over commoditized frontier models, and highlights how founders compound operational risk through deferred difficult decisions on hiring and technology choices. AI summary
Media · Podcasts & interviews
featuring the teamInvestor Connect - 782 - Somak Chattopadhyay & Anthony Santaro of Armory Square Ventures
Hall Martin · Somak Chattopadhyay
S8 Bonus: Somak Chattopadhyay, Armory Square Ventures
Code Story: Insights from Startup Tech Leaders · Somak Chattopadhyay
Somak Chattopadhyay, Managing Partner at Armory Square ...
VentureFizz · Somak Chattopadhyay
Images
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