Predict your next investment

Venture Capital
clarkenterprisesinc.com

See what CB Insights has to offer

Investments

94

Portfolio Exits

20

Service Providers

1

About CNF Investments

Established in 1997, CNF is the Clark Enterprises affiliate that actively invests in venture capital and private equity. CNF partners Robert Flanagan and Joe Del Guercio manage over $170 million in capital with current investments in life sciences, oil and gas, technology, telecommunications, and alternative energy.CNF focuses on early and growth stage companies but will consider investments in later stages and selective public investments as well. CNF looks to partner with other venture capital and private equity firms and is an active investor providing strategic advice to its management teams.

CNF Investments Headquarter Location

7500 Old Georgetown Rd 15th Floor

Bethesda, Maryland, 20814,

United States

(301) 657 7100

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest CNF Investments News

Regent Education Announces Investment from Attain Capital Partners to Accelerate Growth and Innovation

Jun 9, 2022

Regent Education, the leading provider of Software as a Service (SaaS) solutions that automate and simplify the financial aid process for higher education institutions offering traditional and nontraditional enrollment models, today announced a significant growth equity investment led by Attain Capital Partners, with participation from Regent’s current lead investors Chrysalis Ventures, CNF Investments LLC, and New Markets Venture Partners. The company also announced that Greg Baroni, Founder and Managing Partner of Attain Capital Partners, will serve as Chair of the Regent Education Board of Directors. Attain Capital Partners is a private equity firm which invests in expansion and growth-stage companies with innovative, technology-enabled solutions. A tech entrepreneur himself, Baroni helped launch a distributed learning group known as Blackboard—now part of Anthology—that became a first-mover and an industry leader. He has led a diverse portfolio of successful businesses throughout his career, including KPMG Consulting, Unisys, and more recently, Attain, LLC, selling the company’s federal business division in 2021. He also is the Founder and Chief Executive Officer of Attain Partners and Attain Sports and Entertainment. “When it comes to financial aid software, there is none better than Regent. Their comprehensive, cloud-based solution enables institutions to improve business operations and mitigate compliance risks—all while improving the student experience, which is so essential to expanding access to an affordable post-secondary education,” said Baroni. “We look forward to collaborating with the Regent team as we grow the company and continue to simplify the most complex financial aid scenarios for our clients and the students they serve,” he continued. “Attain Capital brings a rich understanding of higher education, and their guidance and investment provides considerable support to assisting Regent’s continued growth, scale, and financial aid product innovation,” said Jim Hermens, CEO of Regent Education. “Together, we look forward to accelerating Regent’s forward-leaning solutions for the education industry,” he said.

CNF Investments Investments

94 Investments

CNF Investments has made 94 investments. Their latest investment was in Regent Education as part of their Series D - III on May 5, 2022.

CBI Logo

CNF Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/19/2022

Series D - III

Regent Education

$4M

Yes

2

5/6/2021

Unattributed VC

Svelte Medical Systems

$5.45M

No

1

7/11/2019

Unattributed VC - III

SnagFilms

$7.4M

No

1

2/28/2019

Series C

Subscribe to see more

$99M

Subscribe to see more

10

1/4/2018

Unattributed VC - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/19/2022

5/6/2021

7/11/2019

2/28/2019

1/4/2018

Round

Series D - III

Unattributed VC

Unattributed VC - III

Series C

Unattributed VC - II

Company

Regent Education

Svelte Medical Systems

SnagFilms

Subscribe to see more

Subscribe to see more

Amount

$4M

$5.45M

$7.4M

$99M

$99M

New?

Yes

No

No

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

1

10

10

CNF Investments Portfolio Exits

20 Portfolio Exits

CNF Investments has 20 portfolio exits. Their latest portfolio exit was AgilQuest on January 12, 2022.

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

1/12/2022

Acquired

$99M

1

3/2/2021

Acquired

$99M

12

12/5/2018

Acquired

$99M

1

11/5/2018

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

11/2/2017

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/12/2022

3/2/2021

12/5/2018

11/5/2018

11/2/2017

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Sources

1

12

1

10

10

CNF Investments Service Providers

1 Service Provider

CNF Investments has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

CNF Investments Team

4 Team Members

CNF Investments has 4 team members, including current President, Chief Operating Officer, Lawrence C. Nussdorf.

Name

Work History

Title

Status

Lawrence C. Nussdorf

President, Chief Operating Officer

Current

Terri D. Klatzkin

Senior Vice President

Current

Joseph Del Guercio

LPL Financial, Robertson Stephens Partners, and Goldman Sachs

Managing Director

Current

Robert J. Flanagan

Managing Director

Current

Name

Lawrence C. Nussdorf

Terri D. Klatzkin

Joseph Del Guercio

Robert J. Flanagan

Work History

LPL Financial, Robertson Stephens Partners, and Goldman Sachs

Title

President, Chief Operating Officer

Senior Vice President

Managing Director

Managing Director

Status

Current

Current

Current

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.