Thomvest has made a few investments from the new fund, but details have not been made public yet. The firm raised its previous fund in 2017 and has made over 75 investments in total, including in companies like Blend Labs, Carta, Cohere, Kabbage, LendingClub, SoFi, and Vungle. Padval will continue to lead investments into cybersecurity, cloud and AI/data infrastructure, while Wedlake will lead investments in real estate technology.
Key takeaways:
- Thomvest Ventures is starting 2024 with a new $250 million fund and has promoted Umesh Padval and Nima Wedlake to managing directors.
- The firm, started by Peter Thomson, specializes in investment in key industries such as financial and real estate technology, cybersecurity, cloud and AI/data infrastructure.
- The new capital commitments bring Thomvest Ventures' total assets under management to $750 million, with plans to invest in between 25 and 30 companies from the new fund.
- Umesh Padval will continue to lead investments into cybersecurity, cloud and AI/data infrastructure, while Nima Wedlake leads investments in real estate technology.