Front Porch Venture Partners (FPVP) offers a diversified investment across top-tier Venture Capital funds and early stage companies in the Southeast. FPVP’s strategy uses a pooled investment vehicle (or 'fund') to invest across the Southeast’s best Venture Capital firms, as well as make direct investments in the most promising startups we see through our fund partners and other connections in the region's entrepreneurial ecosystem. This fund allows investors to gain exposure to a broad set of the region's most promising startups through one investment.
External link for Front Porch Venture Partners
Raleigh-Durham, NC, US
Front Porch Venture Partners reposted this
Great to catch up with Nikin Shah and Joe Mancini of Front Porch Venture Partners last night back home in Raleigh, NC. Front Porch (https://lnkd.in/enTPj4ck) has quickly become the hub for the Southeast, backing top VC funds and startups throughout the region.
A bit of extended Friday Fodder on AI over on our Substack! https://lnkd.in/gAJvrggN
Great to see The Economist giving Southeast venture some love and shining a spotlight on 2x fund partner Good Growth Capital! https://lnkd.in/e5S_U2JA
Front Porch Venture Partners reposted this
Captain Obvious here But two of the fastest growing cities in America are in #NorthCarolina #Raleigh grew by 1.87% between 2022 and 2023 and now has 482,295 residents. No. 1-ranked Atlanta grew by 2.42%, with 510,823 residents in 2023. And Fort Worth (No.2) grew by 2.23%, with 978,468 residents. Zoom out: #Durham ranked 12th among the cities, growing 1.23% to 296,186 residents in 2023. Charlotte was 5th, growing 1.74% to 911,311 residents. Seen in Axios Raleigh by Zachery Eanes
Front Porch Venture Partners reposted this
Another vivid reminder that building a successful startup is HARD and takes a ton of determination. Hats off to Andrew Ashur and team for showing their mettle while building Lucid Bots. Front Porch Venture Partners has been an investor in Lucid for several years and we were excited to join this latest funding round BECAUSE of this clear determination in the team. Excited for what is to come Andrew!
CEO/Founder at Lucid Bots (YC S19) | Forbes 30 Under 30 | Charlotte's 3rd Fastest Growing Company
It’s a day of reflection and excitement at Lucid Bots as we announce the closing of our Series A round of funding. To our team, customers, and partners: your trust fuels our journey forward. This capital will allow us to elevate our technology to new heights, better support our customers, and hire the next series of game-changers to join our team. The path that brought us here is filled with trials, learnings, and the relentless pursuit of a vision—to uplift humanity by building the world's most productive and responsible robots. In honor of this $9M raise, it’s worth reflecting on 9 humbling moments that helped us get to this point. And it's a renewed commitment to continue solving hard problems and tackling the humbling challenges head-on. 1. It took 2,234 days between our first-ever investor meeting and our first $1M investor commitment. 2. During our leanest times, I would go days without eating (up to 5 days) to save money for drone parts. 3. In our first year, we once went door-to-door selling residential cleaning services while it was snowing to try and make ends meet. 4. I secluded myself for three months in a room above a garage, spending over 16 hours a day learning to build and program our earliest cleaning drone with my rescue dog, Oakley, by my side. 5. When we got into Y Combinator, we trekked across the country in an old RAV4 with no air conditioning because we had to haul all of our tools/equipment -- driving through Texas in June with no AC hits differently! 6. We once cleaned a parking deck from 5 pm until 5 am on a 34-degree night just to prove that our drones could do it. I mishandled some cleaning solution, had a corrosive skin burn, and still have scars on my arm to tell the tale. We are now obsessively attentive to PPE. 7. The property manager at our first office doubted the legitimacy of our business (I was 23) and refused to paint the walls and change the carpet before we moved in. We ended up painting the entirety of our office by ourselves just in time for our first employee to move in. 8. To save money, Bryan Queitzsch and I spent many nights and weekends building a soundproof content studio from the ground up in pursuit of supporting our customers with better training content. 9. A team of us recently spent a sleepless night personally moving the entirety of our office/warehouse to a new facility without hiring any outside help. We started moving at 5:30 pm one evening and worked until we were fully set up by 6 am the next morning to ensure we didn't miss a beat. Today’s $9M investment is a profound affirmation of our mission and vision. We invite you to join us—whether as a team member, a customer, or a partner—in forging a future that uplifts humanity through the world’s most productive and responsible robots. The future isn't just clear—it's Lucid. TechCrunch Christine Hall https://lnkd.in/gKkzK_T7
We have always been super milestone focused and this was a great milestone week! We are building for the long term and happy to meet to share our story and strategy at any time. We are just getting started.
Five years ago Nikin Shah, Joe Mancini and I set out with the goal of making Front Porch Venture Partners The MOST IMPACTFUL financial backer of startups in the Southeast. We saw an opportunity to do this by investing in both great startups AND great venture funds throughout the region. Utilizing this hybrid strategy we saw that we could also provide LPs 'proper diversification' in an exciting, but admittedly volatile, asset class. We are VERY VERY VERY far away from achieving our goal, but man do I see a path. Thank you very much to those that have supported us in various ways over the last few years. Many great things to come for entrepreneurship in the Southeast! Thank you Maija Ehlinger at Hypepotamus for the coverage.
Lots to talk about on the Porch today...
Five years ago Nikin Shah, Joe Mancini and I set out with the goal of making Front Porch Venture Partners The MOST IMPACTFUL financial backer of startups in the Southeast. We saw an opportunity to do this by investing in both great startups AND great venture funds throughout the region. Utilizing this hybrid strategy we saw that we could also provide LPs 'proper diversification' in an exciting, but admittedly volatile, asset class. We are VERY VERY VERY far away from achieving our goal, but man do I see a path. Thank you very much to those that have supported us in various ways over the last few years. Many great things to come for entrepreneurship in the Southeast! Thank you Maija Ehlinger at Hypepotamus for the coverage.
Thanks GrepBeat appreciate the chance to share our story and this milestone -- and most excited for the impact that this capital will have for founders and fund partners in our region!
RTP-based Front Porch Venture Partners announced this morning that they have successfully closed their second fund of $20M. Read more about it ➡️ https://lnkd.in/eBJPFihq
Thanks Lauren Ohnesorge for chatting with us - excited for this milestone and most importantly the impact this capital will have for founders and funds in our region!
Just in: Front Porch Venture Partners has closed its second round, a $50M fund. Here's what happens to the money (and yes, Southeast entrepreneurs, you should pay attention): Thanks to Nikin Shah for talking us through it. https://lnkd.in/eQmPRyAv
We are super excited to announce the successful final close of Fund 2! Fund 2 hit our $20M target and continues to exceed our expectations in capital raised and deployed, plus early portfolio momentum among our fund partners and founding teams. This fund was another labor of love in the midst of a challenging fundraising environment. When we launched in late 2022, the Techpocalypse had descended, Tiger Global and Softbank had left a giant dent in the venture markets (but not in the Southeast!), and some had even breathlessly wondered whether venture capital was dead for good. Fund 2 is quadruple the size of our pilot Fund 1 ($5M) and invests in both venture capital funds as well as directly into startups, much like the largest institutional investors do. Across both funds, together with our 134 Limited Partners, we have now invested in 25 funds and 33 companies throughout the Southeast. Each fund is designed to support 400+ companies in our region, whether through our fund partnerships or direct investments. We cannot thank you enough for your support of Front Porch – whether by sharing ideas, giving advice, or investing with us. Most importantly, thank you for the impact that your time and dollars will have in positioning our region among the world’s best places to start and grow a company.