Asymmetric Capital Partners hits ground running with $105M debut fund targeting B2B startups – TechCrunch

New enterprise capital agency Asymmetric Capital Partners is placing $105 million to work in business-to-business startups, just lately closing its first fund that was additionally oversubscribed.

Rob Biederman, founder and managing companion, began the agency earlier this yr after founding and main his personal firm, Catalant Applied sciences, a contract market. Becoming a member of him are Sarah Unger Biggs, Sam Clayman and Nancy Chou.

The foursome have earlier connections: Biederman and Unger Biggs had been school buddies and labored collectively at Bain Capital and Goldman Sachs, whereas Clayman and Chou knew one another in highschool.

“Constructing an organization is a lonely exercise and it’s good to know somebody you possibly can flip to for conventional steering,” Biederman mentioned. “We spoke to founders who talked about unfavorable VC experiences, and it occurred to me that some companies aren’t as empathizing, so we got down to construct a agency the place we will work shoulder to shoulder with founders to construct their firms.”

The technology-focused agency is collectively based mostly in New York and Boston and invests in seed to Sequence C-stage business-to-business firms throughout 4 theses: the digitization of legacy industries, next-generation software program and enterprise tooling, marketplaces and the disruption of time and place that result in adjustments in work, retail and healthcare.

Biederman, whereas he was nonetheless a one-man store, largely raised the fund through the spring and attracted funding from household places of work and excessive internet price people who’ve non-public fairness and enterprise capital backgrounds, Unger Biggs mentioned.

The agency is each main rounds and co-investing with different companies and goals to jot down verify sizes from $250,000 to $10 million and has already gotten to work placing the capital to make use of in over a dozen startups, together with recruiting platform Canvas, Firstbase, a distant work software program and fintech firm Clearco.

“Uneven is embracing expertise at a spot the place a bunch of sectors are getting digital rails, resulting in extra velocity and accuracy of supply, superior analytics and knowledge seize,” Biederman mentioned. “Linked gadgets are creating an enormous new knowledge set and persons are bundling software program to utilize that knowledge.”

 

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