Cervin Ventures Q1 2021 Newsletter

    Cervin Ventures
    15 April 2021

    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas a fringilla tortor, et porttitor tort. Vestibulum non nisi interdum, blandit dolor in. laoreet magna. Suspendisse sit amet elit sit amet nisl. semper imperdiet. Suspendisse

            Q1 2021 starts with a bang!

    We realized our largest position in a portfolio company in Fund II through the sale of Punchh to PAR Technologies. Current portfolio company, Privacera raised a $50m Series B. Cervin Fund IV made new seed investments. And we started this year with the launch of a new, content-driven website.

    The new website better showcases our portfolio companies and articulates our Disciplined Entrepreneurship strategy for company building. We adapted MIT Sloan's Disciplined Entrepreneurship Program for early stage enterprise technology companies. The MIT program is run by serial entrepreneur and renowned Professor Bill Aulet who has developed an intensive step-by-step strategic road map for launching a successful venture.

    The Cervin team has been thinking deeply about the enterprise data landscape. At the end of 2020, we hypothesized that this year we would continue to see significant venture activity in the data infrastructure space. Along with the increase in data comes the need to store, analyze, manage, govern and secure it. Our portfolio company Privacera, a leading cloud access and data governance platform, raised a $50 million Series B, to prove that prediction.  

    It was a busy quarter. We’re excited to see what the rest of 2021 has in store. 

            Portfolio News

    Punchh - April 2021, $500 million exit to PAR Technologies Corporation.
    Punchh, a leader in loyalty and guest engagement solutions, has been acquired by PAR Technology Corporation for $500 million. PAR is a leading global provider of restaurant software and has been a Punchh partner for many years. This acquisition makes PAR a unified commerce cloud platform for enterprise restaurants with integrated point-of-sale, back office, payment and guest engagement solutions. Congratulations to Shyam Rao, co-founder and CEO and the entire Punchh team. We are happy to have been part of their exciting journey.

    Privacera-2

    Privacera - March 2021, Series B, $50 million
    Privacera, the cloud data governance and security leader founded by the creators of Apache Ranger™, raised a $50 million Series B. The funds will be used to fast-track its go-to-market strategy and further extend Privacera's investment in its unified system for data governance and privacy across multiple cloud services such as Databricks, Starburst, and Snowflake. The round was led by Insight Partners with participation from Sapphire Ventures, Battery Ventures, and existing investors Accel, Point 72, and Cervin Ventures.

    Slapdash - March 2021, Seed Round, $3.7 million
    Slapdash - a re-think of how people work with their cloud applications - has raised $3.7 million in seed funding. Cervin Ventures participated in the round along with S28 Capital, Quiet Capital, Quarry Ventures, UP2398, and Twenty Two Ventures. Angels participating in the round include co-founders at companies like Patreon, Docker, and Zynga.

    We are excited to welcome WEVO to our portfolio. WEVO is a customer experience platform that provides the fastest, most accurate insights to optimize digital experiences. WEVO’s human-augmented AI model allows organizations to test live websites and concept designs, without the need for live traffic. WEVO does the heavy lifting, pinpointing the UX, design and content that is most and least effective for target visitors.

    salesDNA joined the Cervin portfolio as well. They are developing an AI-first sales acceleration platform to help enterprise sales organizations get real-time visibility into their entire funnel operations. Its AI-driven recommendations bring machine-like objectivity and consistency to sales execution and helps teams accelerate sales with higher accuracy and efficiency.

    Other Portfolio News:

    • Privacera and LaunchDarkly were named to Wing Venture Capital's Enterprise Tech 30 list for 2021. Spots on the list  are awarded to companies who have the potential to influence how enterprises operate.
    • Punchh co-founder & CEO, Shyam Rao, for earning recognition on NRN's 2021 Reader Picks Power List, as one of this year’s most influential solutions providers and operators.

    • EdCast was recognized as one of the Top 50 “Best Companies for Diversity ” and Top 50 “Best CEOs” in the country for small-to-midsize companies by Comparably.com and published in Business Insider.

    • Zycada was named to the 2020 CB Insights Retail Tech 100 list of the most promising startups in retail in the e-commerce infrastructure category.

    • On one of the biggest nights of the year for advertising, the Superbowl, five of the ads featured content sourced from Catch&Release.

    • Celona continues to expand globally with their first technology center of excellence in Bangalore. The new center will help drive the innovative vision and mission to build enterprise 5G products.


    Perspectives

    Take a look at the articles listed below to learn more about a few of our portfolio companies, the latest fund news, and our thoughts on solving the challenge of data accessibility.
      

    As always, we thank you for being part of Cervin’s community and welcome your recommendation to enterprise seed-stage founders looking for engaged capital partners.
    - The Cervin Team