Questions
INVESTMENT STRATEGY
What are your investment parameters?
Stage: We invest in pre-seed and seed-stage companies. Generally, companies have an in-market product, some revenue, and early signs of product-market fit. We reserve capital to follow on in Series A rounds as well.
Sector: We are sector-agnostic with a thematic focus on companies solving high pain point problems in existing markets and workflows. Current investments include fintech, insurtech, martech, supply chain, and e-commerce infrastructure, among others. We typically do NOT invest in device healthcare, biotech, agtech, energy, and military applications. We also do not invest in any B2C companies.
Geography: We focus primarily on companies based in the US & Canada.
You can read more here.
Do you lead, follow, or both?
Round dynamics aren’t a deal breaker for us, though we strongly prefer to lead or co-lead, and we play an active role in building the investor syndicate.
How big is your check size?
We typically write $250,000 - $1 million checks typically in rounds of $1 million - $5 million.
INVESTMENT PROCESS
What can I expect from the investment process?
You can read about our process and approach here. Typically, we can get from first meeting to term sheet in a few weeks.
How should I get in touch?
Please submit your information through this form. We review all submissions.
PORTFOLIO SUPPORT
How do you support portfolio companies?
As former operators and entrepreneurs ourselves, we work side-by-side with founders to formalize sales acceleration, scale organizational structure, and craft an effective capital strategy. Whether it’s chasing down warm intros to decision-makers within your prospective customers, helping you structure sales team compensation structures, referring/interviewing key hires, identifying advisors/independent board members, or just brainstorming on the latest challenge you’re facing, we have your back. Read more about how we support portfolio companies here.
RESOURCES
Where can I learn more about fundraising, pricing, b2b sales, etc.?
Check out our go-to list here.
CONTACT
Can we talk?
Sure thing. If you have questions about fundraising, business planning, the venture ecosystem, or anything else in our wheelhouse, feel free to sign up for a mentor meeting.
If your company fits our investment parameters, feel free to reach out via our submission form.
For any other inquiries, feel free to email us directly at info[at][our domain name].
Can you tell me more about related work opportunities?
We run a year-round internship program. In addition, our portfolio companies have dozens of exciting open roles. On a separate but related note, we also run an extensive fellowship program for anyone interested in startups or early stage investing.
FUNDS
If you are interested in learning more about our funds, please share your contact information below and we’ll reach out.
DIVERSITY, EQUITY, AND INCLUSION (DE&I)
Do you have an official policy on anti-harassment, non-discrimination, and diversity?
We have a publicly posted Anti-Harassment, Non-Discrimination, and Diversity Policy. For more context, click here.
What are you doing to make the venture capital ecosystem more diverse, equitable, and inclusive?
We know that moving the needle on DE&I is not about what we say but what we do. Over the past few years, Laconia has been committed to supporting entrepreneurs of all backgrounds by reducing the reliance on exclusive networks for access to capital and mentorship, leveling the playing field through transparency into our investment process, building a diverse pipeline of future investors and entrepreneurs through our paid internship program, amplifying underrepresented voices, and publicly committing to diversity and inclusion.
To measure our progress, we track diversity metrics within our core team, pipeline, and portfolio. Both during due diligence and post-investment, we actively work with founders on establishing policies and practices for building diverse and inclusive workplaces.
We also actively partner with organizations working to change the makeup of venture and entrepreneurship including NYC Blend, Monarq, and SheLovesTech, with many others in the works.
Can you share your diversity metrics?
Below is some data on our portfolio and team:
