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Array Ventures Raises $56M To Back Tech-Heavy Enterprise Software

Array Ventures Raises $56M To Back Tech-Heavy Enterprise Software

12/21/21, 6:10 PM
Money raised
$56 million
Industry
sales and marketing
software
Shruti Gandhi wants to clear up a misconception in first-check fundraising: Every founder doesn’t need their early-stage investors to be a shoulder for them, they just need their investor to understand their business in a way that others don’t. Most of the entrepreneurs in her portfolio for Array Ventures, a fund she started five years ago to back enterprise companies, are repeat founders with nearly a decade of experience in the field.

Company Info

Company
Array Ventures
Additional Info
Gandhi says that the firm will now target 15% ownership in each of its deals, up from 10% from its second fund.“While most firms claim they invested in enterprise tech, they focus on mostly bottom-up SaaS companies especially at the first-check stage,” Gandhi said.