ARMORY SQUARE VENTURES MANAGER, LLC

Thesis

Armory Square Ventures (ASV), founded in 2014, is a venture capital firm with a thesis centered on investing in B2B software and tech-enabled services, particularly in underserved secondary markets across the US Northeast and Midwest. They aim to prove that strong companies can emerge from outside traditional tech hubs by supporting capital-efficient startups. ASV primarily targets Seed and Series A rounds, often taking a lead role, and focuses on sectors such as enterprise applications, FinTech, food and agriculture tech, healthcare IT, manufacturing automation software, energy software, cybersecurity, and marketplace businesses, with an interest in vertical AI. Headquartered in Syracuse, NY, their geographic focus includes Upstate New York and cities like Ithaca, Rochester, Buffalo, Columbus, Indianapolis, and Pittsburgh. ASV employs a concentrated strategy, typically investing in around 10 companies per fund, and provides significant operational support and mentorship. As of July 2025, their fund size was reported at $200 million, with previous funds at $50 million (total across two funds), $31 million (second fund), and $16.4 million (first fund). Their typical investment ranges from $500,000 to $2 million per deal.

Related lists

• Seed-stage AI investors
• Seed-stage Enterprise investors
• Seed-stage Fintech investors