Now is an especially exciting time to work with great companies early, and we look forward to continued opportunities to work with Ben as Tenacity builds its portfolio," said Scott Sandell, Managing General Partner. "NEA is excited to support Ben as he launches this new fund. NEA Managing General Partner Scott Sandell has agreed to serve on the firm's advisory board. Sectors of interest include AI, fintech, hardware, logistics, marketplaces, mobile gaming, robotics and SaaS. Tenacity will invest in five to ten companies per year, with all investment decisions based on high conviction and in-depth due diligence. Fast forward to today, and the ecosystem has exploded – in part because the last year ignited new waves of technology adoption, creating opportunities for entrepreneurs that were unthinkable just two years ago," said Narasin, who was a seed investor in Transfix and later led the company's Series A. "As one of the first investors to jump into seed stage back in 2007, I realized some of the best outcomes can grow from backing the best companies as early as possible. His seed investments include Lending Club (NYSE: LC) Check (Intuit) Dropcam (Google) Kabbage (NYSE: AXP) Vungle (Blackstone) and Rippling. He founded and led the company to a successful IPO in 1999. Prior to NEA, Narasin built a storied career as an entrepreneur and seed investor. Narasin was most recently a venture partner with NEA, where he served on the investment team and worked with portfolio companies including Transfix and Divvy Pay, which recently agreed to be acquired by for approximately $2.5 billion. Founded by 25-year entrepreneur and investor Ben Narasin, the fund spins out with initial commitments from NEA as well as other leading investors and serial entrepreneurs. ATHERTON, Calif., J/PRNewswire/ - Tenacity Venture Capital today announced the launch of its inaugural fund, which will invest in transformative technology companies in the formation, pre-seed and seed stages.
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