Armory Square Ventures
Venture capitalSyracuse · Seed–Series A · 31 people tracked
Also known as Armory Square Ventures ACV · ARMORY SQUARE VENTURES MANAGER, LLC · Armory Square Ventures NYS SSBCI · Armory Square Ventures UCM
Investment thesis
Armory Square Ventures backs ambitious B2B SaaS founders reimagining traditional industries, with a focus on emerging tech hubs beyond the major coastal capitals. The firm leads Seed and Series A rounds and positions itself as a hands-on partner from a company's first check through to becoming a category leader, drawing on its own operating experience building companies. It favors contrarian founders who identify opportunities where others see limits, and highlights a portfolio that has attracted over $1B in follow-on funding along with multiple exits, including a unicorn.
Source: firm website, verified Aug 3, 2026.
Team · 31 people
from the firm's website & public directoriesWhat they invest in
from 16 of 40 portfolio companiesSaaS ×8AI & Machine Learning ×5Enterprise Software ×4Healthtech ×3Marketing Tech ×2Marketplaces ×2Advanced Manufacturing ×1B2B Marketplaces ×1
HQs:United States×16South Africa×1
Investments · 40 tracked
founders shown can be your intro pathBentoBox provides restaurant marketing and commerce solutions, now integrated into the Clover POS ecosystem.
Marketing TechMarketplacesSaaSNew York City, US
Krystle Mobayeni(Executive Officer, Director, Promoter)Pierre Drescher(Executive Officer, Promoter)
Board seatSomak Chattopadhyay· per SEC Form D
Rochester, US
Patrick Bosek(Executive Officer, Director, Promoter)Casey Jordan(Executive Officer, Director, Promoter)
Board seatSomak Chattopadhyay· per SEC Form D · $17M raise · filed Dec 2022
New York, US
Aarlo Stone Fish(Executive Officer, Director)
Board seatSomak Chattopadhyay· per SEC Form D · $3.7M raise · filed Mar 2026
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)Zack Freed(Director)Somak Chattopadhyay(Director)Amit Maheshwari(Executive Officer, Director)
Board seatSomak Chattopadhyay· per SEC Form D · $13M raise · filed Mar 2026
Shelfmark provides AI computer vision technology to manufacturers to deliver real-time operational insights.
Advanced ManufacturingAI & Machine LearningPittsburgh, US
Patrick O'Donnell(Executive Officer, Director, Promoter)Craig Markovitz(Executive Officer, Director)Anthony Santaro(Director)Pat
Board seatAnthony Santaro· per SEC Form D · $1.3M raise · filed Jul 2026
HealthtechTroy, US
Somak Chattopadhyay(Director)Keith Algozzine(Executive Officer, Director)Michael Bibighaus(Executive Officer, Director)Richard Hirsh(Executive Officer)Narayan Iyengar(Director)
Board seatSomak Chattopadhyay· per SEC Form D · $3.1M raise · filed May 2023
Vizbee provides universal casting and cross-device streaming technology for media companies, enabling branded TV apps with features like casting, sign-in continuity, and mobile-to-TV search across major platforms including Fire TV, Roku, and Samsung TV.
Media & EntertainmentSaaSNew York, US
Mark Levine(Director)Darren Feher(Executive Officer, Director)Prashanth Pappu(Director)Jeremy Legg(Director)
Board seatSomak Chattopadhyay· per SEC Form D
BiotechRochester, US
J. Mikael Totterman(Executive Officer, Promoter)David Williams(Director)Alex Zapesochny(Executive Officer, Director, Promoter)Alexandra Latypova(Executive Officer, Director, Promoter)Brian Model(Director)Arunas Chesonis(Director)
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.
Deep TechHealthtechMedical DevicesRochester, US
J. Mikael Totterman(Chairman)Alex Zapesochny(CEO)Alissa Seidman(CFO)Len Zheleznyak(Chief Scientific Officer)Wayne Knox(Chief Research Officer)
Machinery Partner facilitates the sourcing, financing, and management of heavy equipment for business customers.
B2B MarketplacesFintechBoston, US
Motive builds websites and web tools for car dealerships, offering AI-powered chat, content generation, SEO, search, and commerce features such as trade-in tools, payment estimates, and pre-qualification.
AI & Machine LearningMarketing TechSaaS
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)Devyn Mikell(COO / Co-Founder)DeSean Prentice(VP of Engineering / Co-Founder)
Fabric provides an end-to-end care access platform and virtual care services, combining conversational AI with physician-built clinical logic to handle digital intake, triage, routing, hybrid synchronous/asynchronous care, clinical automation, and patient engagement.
AI & Machine LearningDigital HealthHealthtech
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.
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
- 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.
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
Images
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