Fundz

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

PRIVATEDec 21, 2021

Amount Raised

$56 Million

Round Type

Funding Round

SoftwareSales And Marketing

Description

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.

Quick answer

Array Ventures raised $56 Million in a Funding Round round, dated December 21, 2021.

How much did Array Ventures raise?
Array Ventures raised $56 Million in a Funding Round round on December 21, 2021.
What does Array Ventures do?
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..

Source: Fundz verified event record.

Who else raised in Sales And Marketing and Software around the same time

Companies in the same sectors as Array Ventures that raised within 45 days of this round, from Fundz verified event records.

  • Gwi raised $180M (Series B) on February 1, 2022.
  • Krista Software raised $15M (Funding Round) on February 1, 2022.
  • Lunchbox raised $50M (Series B) on February 1, 2022.
  • Vendelux Inc. raised an undisclosed amount (Seed) on January 31, 2022.
  • Censys raised $35M (Funding Round) on January 27, 2022.
  • Evocalize raised $12M (Series A) on January 18, 2022.

Who to call at Array Ventures, and when

A new round usually means Array Ventures is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Array Ventures raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Array Ventures, from your own LinkedIn network

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Company Information

Company

Array Ventures

About

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.

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Array Ventures raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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