Seattle-based Cercano Management, a team with nearly twenty years of experience in tech, internet, consumer, and life sciences investing, will bring its methodical and patient capital to the Southeast with the launch of its latest office in Atlanta.
ATLANTA, Oct. 26, 2022 /PRNewswire-PRWeb/ -- Seattle-based Cercano Management, a team with nearly twenty years of experience in tech, internet, consumer, and life sciences investing, will bring its methodical and patient capital to the Southeast with the launch of its latest office in Atlanta.
"Atlanta is a vibrant venture community with a strong growth outlook. With its concentration of elite universities, engineering and tech talent, global business relationships, Fortune 500s, and a rapidly expanding startup ecosystem, we think the ingredients are present for Atlanta to be one of the top venture capital hubs in the nation," stated David Seeberan, Partner at Cercano Management.
At the center of Cercano's expansion efforts is building the right team of experienced people who deeply understand the local region but operate with a global mindset. "It is important to us to have someone who is an integral part of the venture capital community as the leader of our Atlanta office," said YB Choi, Partner at Cercano Management. "We are fortunate to have found that right leader in Daley Ervin. He knows the Atlanta ecosystem intimately, is deeply trusted by founders and Fortune 500 corporations, and shares our leadership values and ambitions for Cercano Management. We are excited to have him join our venture capital team."
Commenting on the opportunity in the Southeast and Atlanta specifically, Daley Ervin, who most recently served as a Managing Director at Engage in Atlanta for the past five years, shared, "Technology and startup activity has been increasing here for over a decade, and the lack of multi-stage venture funds that can support founders with capital from Seed through Series A/B stages and beyond is a gap and an opportunity. Almost 90% of early-stage Atlanta companies raise their Series A outside of Atlanta (and many outside the Southeast); we want to fill that need locally and partner with the most ambitious founders building the next great global companies."
"When we make a commitment to a city and region, it is a decision that we diligence as much as we do an investment decision. Today is the start of our long-term investment in Atlanta and the Southeast. We are excited about the journey, excited about hiring high-caliber team members like Daley, and we look forward to partnering with quality entrepreneurs to help build their businesses," said Chris Orndorff, CEO of Cercano Management.
The Cercano team has a long history of working closely with exceptional founders as a capital partner throughout all stages of the company's lifecycle — from first revenue to IPO and beyond — spanning Consumer, Enterprise, SaaS, Fintech, Healthcare, and other frontier technologies. The firm intends to be active at the Seed and Series A stage in the Southeast while having the capacity to follow on and invest in later-stage venture-backed companies.
The Cercano team has made several hundred investments over the past 20 years and manages an active portfolio of more than 120 companies spanning the globe from the Bay Area to New York, London, Bengaluru, Singapore, Jakarta, Sao Paolo, and Mexico City.
Prior investments include BandLab, BlackSky, Booster, CivicEye, Echodyne, Epic Games, Grab, ICON Technology, Intercom, Nautilus Biotechnology, Neon, Qapita, Rad Power Bikes, Redfin, Remitly, Resuelve, Teachmint, Upside Foods, Verge Genomics, watchTowr, Zipline and Zola Electric, among others.
ABOUT CERCANO MANAGEMENT LLC
Cercano Management LLC is an SEC-registered investment adviser based in Bellevue, WA that provides investment advisory and family office services to ultra-high net worth individuals and their families as well as their foundations, charitable organizations and other related entities. Cercano manages assets across a range of venture capital, private equity, private credit and public equity strategies.
Media Contact
Sandy Choi, Cercano Management, 1 4255007746, [email protected]
SOURCE Cercano Management
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