HomeCanadaThomvest Ventures Closes $250M Fund; Promotes Two to Leadership Team

Thomvest Ventures Closes $250M Fund; Promotes Two to Leadership Team

Thomvest Ventures

Thomvest Ventures, a San Francisco, CA-based venture capital firm, closed a new $250m fund.

The new fund, which brought the firm’s total assets under management (AUM) to $750m, enables the firm to invest in the next generation of companies across the firm’s core focus areas of financial and real estate technology, cybersecurity, cloud and AI infrastructure.

Founded more than 25 years ago by Peter Thomson, Thomvest Ventures has made over 75 investments across early and growth stage startups. Notable investments have included Blend Labs, Carta, Clari, Cohere, Cylance, Harness.io, Kabbage, Isovalent, Ladder, LendingClub, Mynd, SoFi, Skyhigh Networks, ThousandEyes, and Vungle.

The firm, which has offices in Silicon Valley and Toronto, Canada, also announced the promotion of Umesh Padval and Nima Wedlake to Managing Directors joining Don Butler.

Umesh Padval leads the firm’s investments in cybersecurity, cloud and AI infrastructure. Padval has led Thomvest Ventures investments in a number of fast-growing companies including Bolster, Cohere, Clari, Cycognito, Harness.io, Isovalent (acquired by Cisco), Lastline (acquired by VMWare), Skyhigh Networks (acquired by McAfee), and ThousandEyes (acquired by Cisco).

Nima Wedlake leads the firm’s investments in real estate technology. Wedlake has led the firm’s investment in a number of current and emerging industry leaders including Baselane, Blend, Keyway, Maxwell, Mynd, and Obie.