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Venture Capital
fortify.vc

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Investments

41

Portfolio Exits

7

About Fortify Ventures

Fortify.vc strategically selects founders and investors equally. The firm leverages the experience of networks to give portfolio companies the connections and guidance needed to succeed.

Fortify Ventures Headquarters Location

1325 G St. NW

Washington, DC, 20005,

United States

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Expert Collections containing Fortify Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Fortify Ventures in 1 Expert Collection, including Restaurant Tech.

R

Restaurant Tech

19 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, and more.

Latest Fortify Ventures News

Fortify Portfolio Company Social Tables Acquired by Cvent

Oct 17, 2018

Download Pictured from left to right: Dan Berger, Social Tables CEO and Founder; Trevor Lynn, Social Tables CMO and Founder; Simon Rakoff, Fortify Ventures Partner; Jonathon Perrelli, Fortify Ventures Managing Director and Founder (Photo: Business Wire) Pictured from left to right: Dan Berger, Social Tables CEO and Founder; Trevor Lynn, Social Tables CMO and Founder; Simon Rakoff, Fortify Ventures Partner; Jonathon Perrelli, Fortify Ventures Managing Director and Founder (Photo: Business Wire) October 17, 2018 09:32 AM Eastern Daylight Time WASHINGTON--( BUSINESS WIRE )-- Fortify Ventures announced the acquisition of one of its portfolio companies, Social Tables , by Cvent, Inc . yesterday. Specific details of the all-cash deal are not being disclosed. Social Tables’ innovative hospitality software has been adopted by more than 5,000 hotels and event venues since the company was started in 2011. “From the moment we met Dan Berger, Social Tables’ founder, we knew that his commitment and prototype were worthy of an early-stage investment. The more time we spent with Dan, we saw that he was the type of Founder that would be fully committed to building a great company,” said Jonathon Perrelli, Managing Partner at Fortify. “Dan had the persistence and resilience transform the event space and bring and bring a new and meaningful technology solution to the hospitality industry, and he has done it in grand fashion. The acquisition by Cvent—one of the biggest players in the space—is a testament to Dan’s vision and his ability to build a team and execute on his vision.” “Jonathon Perrelli was the first person to believe in me and fund my vision for Social Tables,” shared Dan Berger, CEO and founder of Social Tables. “Had it not been for the early and ongoing support of Fortify Ventures, we would not have reached this point and this level of success!” Perrelli added, “We’re very excited for Dan and his team at Social Tables, and are happy to be creating these kinds of remarkable returns for the Limited Partners in the Fortify Fund.” “The Fortify model is to invest very early, provide follow-on investment capital and most importantly, be fully committed to supporting portfolio companies in all ways beyond just dollars,” said Simon Rakoff, a Partner in Fortify Ventures. “With Social Tables, we put that model to the test. Fortify partners have supported the Social Tables management team throughout the growth process, continuously providing guidance and support wherever we can. For more than seven years it’s been a fantastic partnership between investors and founders and we couldn’t be more excited for Dan and his team.” About Fortify Ventures Fortify Ventures is a founder-friendly technology investment fund providing portfolio companies with the community and the capital that they need to grow and succeed. Founded and managed by serial entrepreneurs and experienced angel investors, its partners and mentors work actively to support portfolio companies with challenges that are common in the early stages. Fortify Ventures also facilitates follow-on funding to accelerate capital requirements to support emerging growth. Fortify Ventures was founded in 2011 and is based in Washington, D.C. For more info, e-mail bringit@fortify.vc

Fortify Ventures Investments

41 Investments

Fortify Ventures has made 41 investments. Their latest investment was in Social Tables as part of their Series B on October 10, 2016.

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Fortify Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/4/2016

Series B

Social Tables

$13M

No

2

1/5/2015

Series B

IntroHive

$7.3M

No

2

9/8/2014

Series A

talklocal

$2.6M

No

3

8/6/2014

Series A

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$99M

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10

7/1/2014

Series A

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$99M

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10

Date

10/4/2016

1/5/2015

9/8/2014

8/6/2014

7/1/2014

Round

Series B

Series B

Series A

Series A

Series A

Company

Social Tables

IntroHive

talklocal

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Amount

$13M

$7.3M

$2.6M

$99M

$99M

New?

No

No

No

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Co-Investors

Sources

2

2

3

10

10

Fortify Ventures Portfolio Exits

7 Portfolio Exits

Fortify Ventures has 7 portfolio exits. Their latest portfolio exit was Venga on May 02, 2019.

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

5/2/2019

Acquired

$99M

2

10/16/2018

Acquired

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$99M

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10

6/20/2018

Corporate Majority

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$99M

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10

6/15/2016

Acq - Talent

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$99M

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10

6/24/2015

Acquired

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$99M

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10

Date

5/2/2019

10/16/2018

6/20/2018

6/15/2016

6/24/2015

Exit

Acquired

Acquired

Corporate Majority

Acq - Talent

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

10

10

10

10

Fortify Ventures Team

3 Team Members

Fortify Ventures has 3 team members, including current Founder, Managing Director, Jonathon Perrelli.

Name

Work History

Title

Status

Jonathon Perrelli

LifeFuels, SecureForce, Qwest Communications, Zephion, and Uunet

Founder, Managing Director

Current

Simon Rakoff

General Partner

Current

Adam Fazackerley

General Partner

Former

Name

Jonathon Perrelli

Simon Rakoff

Adam Fazackerley

Work History

LifeFuels, SecureForce, Qwest Communications, Zephion, and Uunet

Title

Founder, Managing Director

General Partner

General Partner

Status

Current

Current

Former

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