
Investments
84Portfolio Exits
11Funds
5About Bowery Capital
Bowery Capital is an early-stage venture capital investor focused exclusively on founders looking to modernize business through technology. As more and more internet natives drive purchasing decisions, Bowery Capital believes that roughly $468B will change hands over the next 10 years as old products are replaced with new. In addition, the firm believes that the key ingredient to early success is revenue and customer growth, and as such provides various products and services through their Acceleration Team that portfolio companies can leverage to develop a strong early base. This combination of a focused thesis and support system are the cornerstones of Bowery Capital's investment approach.

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Latest Bowery Capital News
Aug 22, 2023
Cerby , an Alameda, CA-based provider of an access management platform for nonstandard applications, raised $17M in Series A funding. The round, which brought the total amount to to $32.5M, was led by Two Sigma Ventures with participation from Outpost Ventures, an investment platform of Neuberger Berman, Ridge Ventures, Founders Fund, Bowery Capital, AV8, Salesforce Ventures, Tau Ventures, Okta Ventures, Incubate Fund, and Ben Johnson, co-founder of Obsidian Security and Carbon Black. The company intends to use the funds to scale its go-to-market efforts, including expanding sales and marketing efforts, accelerate innovation of its access management solution for nonstandard applications, continue investing in The company intends to use the funds to scale go-to-market efforts, including expanding sales and marketing efforts; accelerating innovation of its access management solution for nonstandard applications; further building on customer momentum and industry research; continue investing in generative AI to enhance development speed and maintenance of integrations; and enhance international teams and customers with additional support. Founded in 2020 by Belsasar (Bel) Lepe, CEO, Cerby provides identity teams with the comprehensive access management platform for nonstandard applications. It works to remove manual tools and compensating controls (like enterprise password managers) by automating human security tasks based on single sign-on and lifecycle management cues from upstream identity providers. This allows Cerby to protect any application independent of standards support. Its patent-pending access orchestration engine makes passwordless authentication an immediate reality for nonstandard applications. With it, identity teams can extend access, minimize risk, and lower costs. Since 2022, the platform has enabled clients like L’Oréal, Fox, Colgate-Palmolive, Dentsu, and Televisa to detect nonstandard apps and guide business users to more secure alternatives. FinSMEs 22/08/2023
Bowery Capital Investments
84 Investments
Bowery Capital has made 84 investments. Their latest investment was in Cerby as part of their Series A on August 8, 2023.

Bowery Capital Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
8/22/2023 | Series A | Cerby | $17M | No | 3 | |
8/7/2023 | Seed VC | Multiplayer | $3M | Yes | 1 | |
7/14/2023 | Seed VC - III | AllSpice | $6M | Yes | 1 | |
4/12/2023 | Series B | |||||
4/11/2023 | Series B |
Date | 8/22/2023 | 8/7/2023 | 7/14/2023 | 4/12/2023 | 4/11/2023 |
---|---|---|---|---|---|
Round | Series A | Seed VC | Seed VC - III | Series B | Series B |
Company | Cerby | Multiplayer | AllSpice | ||
Amount | $17M | $3M | $6M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 3 | 1 | 1 |
Bowery Capital Portfolio Exits
11 Portfolio Exits
Bowery Capital has 11 portfolio exits. Their latest portfolio exit was Codecademy on December 22, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
12/22/2021 | Acquired | 13 | |||
11/18/2021 | Acquired | 7 | |||
9/1/2021 | Acq - Fin | 2 | |||
Date | 12/22/2021 | 11/18/2021 | 9/1/2021 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 13 | 7 | 2 |
Bowery Capital Fund History
5 Fund Histories
Bowery Capital has 5 funds, including Bowery Capital III.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
3/22/2021 | Bowery Capital III | $70M | 1 | ||
10/21/2016 | Bowery Capital II | ||||
10/19/2016 | Bowery Capital II Friends | ||||
5/15/2013 | Bowery Capital I | ||||
5/15/2013 | Bowery Capital I Friends |
Closing Date | 3/22/2021 | 10/21/2016 | 10/19/2016 | 5/15/2013 | 5/15/2013 |
---|---|---|---|---|---|
Fund | Bowery Capital III | Bowery Capital II | Bowery Capital II Friends | Bowery Capital I | Bowery Capital I Friends |
Fund Type | |||||
Status | |||||
Amount | $70M | ||||
Sources | 1 |
Bowery Capital Team
2 Team Members
Bowery Capital has 2 team members, including current Founder, General Partner, Michael C. Brown, Jr..
Name | Work History | Title | Status |
---|---|---|---|
Michael C. Brown, Jr. | Founder, General Partner | Current | |
Name | Michael C. Brown, Jr. | |
---|---|---|
Work History | ||
Title | Founder, General Partner | |
Status | Current |