m]x[v Capital, a NYC-based early-stage venture capital firm, closed its debut fund, at $52m.
The fund was supported by a roster of former founders, limited partners, including Bain Capital Ventures, Cendana Capital, Pritzker Group, K5 Global, Social Leverage, and notable General Partners of top-tier funds and family offices.
Founded by Mark Ghermezian, an angel investor and co-founder/former CEO of Braze (BRZE) (a lifecycle marketing platform that IPO’d in November 2021), m]x[v Capital invests in early-stage (pre-seed, seed) B2B enterprise SaaS companies, taking an active, hands-on founder and operator approach, working closely with its portfolio companies as a strategic partner in their growth and evolution. The team offers a diversified set of resources outside of capital – mentorship, support at each company inflection point, and access to an extensive network developed during Ghermezian’s 15+ years in the industry. As an angel, Ghermezian was an early investor in companies such as Nutanix (IPO), Lattice, Thoughtspot, Outreach, Rubrik, Wag (IPO) and Riskified (IPO), along with 50 other investments, largely focused on SaaS.
To date, the fund has made 17 investments, writing checks from $500K to $1.5M, targeting 10% ownership in companies that provide real value for the enterprise. The portfolio includes Gynger, Tildei, DevRev, PackageX, Novu, Mailmodo, Apploi, and Postscript.