Cervin Ventures, a Palo Alto, CA-based early-stage tech venture capital firm, closed a $162m capital raise.
The firm will use the capital to invest in Seed and Series A startups specializing in enterprise software, data and AI, cybersecurity, DevOps, cloud, and networking.
Co-founded by Preetish Nijhawan, and Neeraj Gupta, Cervin is an early-stage venture capital firm that invests in enterprise-technology companies. With over $335m in assets under management, Cervin partners with disciplined entrepreneurs building tools, applications and infrastructure products to address massive, fast-growing markets. Cervin has invested in more than 50 companies with more than a dozen successful exits from companies such as Punchh, Replay, EdCast and Tynker.
To accelerate growth among portfolio companies, the firm is introducing a portfolio services team led by Silicon Valley veteran Scott Brown, who most recently led marketing at Hum Capital and Sapphire Ventures. This team will provide portfolio companies with post-investment services, such as business development, research, go-to-market consulting, and marketing & communications support.
The close of the capital raise enhances a year of growth for Cervin, increasing its investment coverage with infrastructure and developer stacks-focused partner Daniel Karp, and adding investments in 10+ new companies including Bolster, Causely, FireCompass, Lightlytics, OwnID, Ratio, and Vendelux.