ANKONA MANAGEMENT, LLC
ANKONA MANAGEMENT, LLC is a Series A, Series B and Series C+ fund in the US writing $5M–$15M checks into AI, Enterprise, Fintech, Security, healthcare-tech and commerce.
- Stages
- Series A, Series B, Series C+
- Sectors
- AI, Enterprise, Fintech, Security, healthcare-tech, commerce
- Check size
- $5M–$15M
- Invests in
- US-wide
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2019
- Assets under management
- $195M
Thesis
Ankona Management, LLC, operating as Ankona Capital, is a venture capital firm established in 2019 in Newport Beach, California. The firm specializes in investing in early growth-stage, business-to-business (B2B) software companies that have achieved product-market fit and are generating between $5 million and $15 million in recurring revenues. Their investment strategy focuses on companies with a capital-efficient path to scale and profitability, prioritizing strong unit economics and retention. Ankona Capital typically makes minority investments ranging from $5 million to $15 million, often taking a lead role and securing a board seat. Their geographic focus is primarily North America, with a strong emphasis on the United States, particularly Southern California. The firm invests across various software sectors including SaaS, healthcare, fintech, AI, cybersecurity, and commerce. Ankona Capital closed its first fund at over $66 million in June 2021 and its second fund, Ankona Capital Partners II, with $129 million in October 2023. The firm operates as an Exempt Reporting Adviser (ERA) with the SEC.
Common questions
Does ANKONA MANAGEMENT, LLC invest at the Series A stage?
Yes. ANKONA MANAGEMENT, LLC lists Series A, Series B and Series C+ among the stages it invests in.
What check size does ANKONA MANAGEMENT, LLC write?
ANKONA MANAGEMENT, LLC writes $5M–$15M checks.
Where does ANKONA MANAGEMENT, LLC invest?
ANKONA MANAGEMENT, LLC invests in the US.