Lombardstreet Ventures Company Profile

Background

Founded in 2016, Lombardstreet Ventures is a venture capital firm headquartered in Menlo Park, California. The firm is dedicated to investing in pre-seed and seed-stage technology companies, with a particular emphasis on those based in Silicon Valley. Lombardstreet Ventures believes in the transformative power of young companies and aims to support the next wave of tech leaders to help shape the future. The firm focuses on sectors such as B2B Software, SaaS Applications, Developer Tools, Infrastructure Software, Deep Tech, API-First Platforms, Open Source, and AI. While sector-agnostic, Lombardstreet Ventures is open to opportunities outside these areas if the team is exceptional and their vision aligns with the firm's mission.

Key Strategic Focus

Lombardstreet Ventures' strategic focus centers on identifying and investing in early-stage technology companies with distributed teams. The firm seeks out companies that have some level of traction in the US market and are poised for growth and innovation. Key areas of specialization include:

B2B Software and SaaS Applications: Investing in scalable software solutions that cater to business needs.

Developer Tools and Infrastructure Software: Supporting tools and platforms that enhance software development and IT infrastructure.

Deep Tech and AI: Backing companies involved in advanced technological innovations and artificial intelligence.

API-First Platforms and Open Source: Focusing on companies that prioritize API integrations and contribute to the open-source community.

The firm primarily targets the United States, with a preference for companies structured as US-based C Corporations. Lombardstreet Ventures typically invests in companies with initial traction (3-6 months) and offers check sizes ranging from $300,000 to $500,000.

Financials and Funding

As of the latest available data, Lombardstreet Ventures has made 102 investments, with 86 companies currently in its portfolio and 13 successful exits. The firm actively seeks new investment opportunities and is a member of the National Venture Capital Association (NVCA).

Pipeline Development

Lombardstreet Ventures maintains a dynamic portfolio, continually seeking innovative startups to invest in. The firm has recently invested in companies such as RetailReady, Senzo Health, and Plandex, indicating a focus on business productivity software and health-related technologies. The firm’s proactive approach includes engaging with startups prior to major events like Y Combinator's demo days, allowing them to identify and invest in promising companies early in their development.

Technological Platform and Innovation

While Lombardstreet Ventures does not develop proprietary technologies, it distinguishes itself through a founder-focused approach and a commitment to supporting distributed teams. The firm leverages its extensive network and industry expertise to provide strategic guidance, funding, and resources to its portfolio companies. This hands-on involvement ensures that the startups they invest in have the support needed to navigate the challenges of early-stage growth and innovation.

Leadership Team

Lombardstreet Ventures is led by a team of experienced professionals:

Luigi Bajetti: Co-Founder and Managing Partner. Luigi brings extensive experience in venture capital and has been instrumental in shaping the firm's investment strategy and portfolio development.

Massimo Sgrelli: Co-Founder and Partner. Massimo focuses on investments in SaaS, developer tools, open source, security, and infrastructure software.

Irene Mingozzi: Senior Associate. Irene plays a key role in identifying and evaluating potential investment opportunities, as well as supporting portfolio companies.

Luigi Ambrosi: Venture Partner. Luigi contributes to the firm's investment decisions and provides strategic guidance to portfolio companies.

Mukul Agarwal: Venture Partner. Mukul brings a wealth of experience to the firm, assisting in investment evaluations and portfolio management.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within Lombardstreet Ventures' leadership team.

Competitor Profile

Market Insights and Dynamics

The venture capital industry, particularly in the technology sector, is highly competitive and rapidly evolving. Firms are increasingly focusing on early-stage investments, recognizing the potential for high returns by supporting startups from their inception. The emphasis on sectors such as AI, SaaS, and developer tools reflects the growing demand for innovative solutions in these areas.

Competitor Analysis

Lombardstreet Ventures operates in a competitive landscape alongside several notable venture capital firms:

Talisman Family Alliance: With 12 employees and a revenue of $4.4 million, Talisman focuses on venture capital and private equity investments.

SternFisher: Employing 21 individuals and generating $5 million in revenue, SternFisher is active in the venture capital space.

FundingPost: This firm has 11 employees and a revenue of $1.7 million, specializing in connecting entrepreneurs with investors.

Andrew Bart: With 11 employees and $2.8 million in revenue, this firm is another player in the venture capital industry.

David S Rose: A smaller firm with 2 employees and $1.7 million in revenue, focusing on venture capital investments.

These competitors share a focus on early-stage technology investments, making the market highly competitive.

Strategic Collaborations and Partnerships

Lombardstreet Ventures actively collaborates with other investors to co-invest in promising startups. Notable co-investors include:

Pioneer Fund: Collaborated on 13 investments.

Soma Capital: Partnered on multiple deals.

Y Combinator: A frequent co-investor, reflecting a shared interest in early-stage technology companies.

Gaingels: Collaborated on various investments.

Global Founders Capital: Another notable co-investor.

These partnerships enhance Lombardstreet Ventures' ability to identify and support high-potential startups.

Operational Insights

Lombardstreet Ventures differentiates itself through a founder-first approach, emphasizing close collaboration with entrepreneurs from the earliest stages. The firm's preference for distributed teams allows it to tap into a diverse talent pool while maintaining a strong presence in Silicon Valley. This strategy enables Lombardstreet Ventures to support startups in scaling efficiently while keeping operational costs manageable.

Strategic Opportunities and Future Directions

Looking ahead, Lombardstreet Ventures aims to continue its focus on early-stage technology investments, particularly in sectors experiencing rapid growth and innovation. The firm plans to leverage its expertise and network to identify emerging trends and support startups that align with its strategic focus. By maintaining a hands-on approach and fostering strong relationships with founders, Lombardstreet Ventures is well-positioned to capitalize on future opportunities in the venture capital landscape.