CommonAngels, also known as CVP is a seed and early-stage fund, providing capital and network connections for tech entrepreneurs. CVP provides its companies with decades of venture capital and business-building experience. They help their companies navigate the process of raising money for subsequent rounds, and work in coordination with other investors.
CVP has made 149 investments. One of their investments was on Apr 5, 2018, when they invested $16M in Chainalysis. CVP has raised a total of $60M across four funds, one of them being Converge Venture Partners Fund I. This fund was announced on Oct 14, 2014, and raised a total of $27M.
CVP Management is a venture capital firm specializing in seed, startup, early Series A, and early-stage investments. It does not invest in life sciences, medical devices, and energy production companies as well as businesses that require $5 million to $10 million of upfront capital before validating the concept. The firm seeks to invest in beta, working prototype, and go-to-market stages. It prefers to invest in Information Technology infrastructure with focus on software application, internet, digital media, digital marketing, vertical SAAS, cloud, embedded software, mobile, financial service technologies, and cutting-edge information technology ventures. The firm invests in companies based in the Northeast corridor with a concentration on Boston, New York, and Toronto. It typically invests between 0.1 million, and $1 million and for Seed and Series A rounds it invests between $1 million and $3.5 million. It invests in companies with an enterprise value of $5 million. The firm prefers to have a seat on the company’s board of directors in its portfolio companies. It prefers to invest in preferred stock.