HomeUSASovereign’s Capital Closes Venture Capital Fund, at Over $60M

Sovereign’s Capital Closes Venture Capital Fund, at Over $60M

Sovereign’s Capital

Sovereign’s Capital, an Atlanta, GA-based diversified alternative asset manager, has closed its largest venture capital fund to date, Venture Capital Fund IV, LP, with over $60M in committed capital.

The fund’s investors included both existing limited partners and new institutional investors.

Sovereign’s Venture Capital Fund IV invests in Seed and Series A stage technology companies led by faith-driven entrepreneurs across the U.S. and Southeast Asia. Led by Jake Thomsen, Managing Partner of Venture Capital, the venture team invests up to $4m per investment into sectors where they have operational experience: B2B and B2C software, fintech, healthtech, deep tech, and tech-enabled services. The team engages with portfolio companies to provide strategic and operational partnership.

The Fund has made nine investments out of an anticipated portfolio of approximately thirty-five companies, including:

  • Fakespot (acquired by Mozilla) – artificial intelligence systems that detect fraudulent patterns in online reviews.
  • Fringe – personalized employee benefits and wellbeing platform, used to individuals’ life stages and lifestyles.
  • Preveta – AI care navigation platform that empowers oncology and specialty clinics to uncover patients who are falling through the tracks and take action.
  • Komunal – banking platform that accelerates financial inclusion through digitizing rural banks, combining funding access and hyperlocal lending.
  • Relay – cloud-based communications platform designed to improve productivity and safety for frontline teams.
  • Kinship – online communities for open, judgment-free conversations about life’s questions.
  • Passage Health – software solutions that improve the quality and accessibility of care available to autistic individuals.
  • BrightPlan – digital financial wellness solution that empowers the employee experience, improve productivity, and drive impact.
  • Bricklayer AI – autonomous cybersecurity platform where teams of artificial intelligence specialists collaborate with their human peers to create more efficient security operations.

As of June 2024, Sovereign’s Capital managed more than $780M in assets across five asset classes: venture capital, private equity, public equities, fund of funds, and real estate.

VCWire

11/07/2024