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naplestechnologyventures.com

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Investments

19

Portfolio Exits

1

Funds

1

About Naples Technology Ventures

Naples Technology Ventures is a partnership dedicated to investing in and helping early stage technology and services companies with already proven products and/or services who are seeking additional capital and experienced guidance to take their company to the next level.

Naples Technology Ventures Headquarter Location

Naples, Florida,

United States

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Latest Naples Technology Ventures News

iQuantum.ai Completes $3M Series Seed Preferred Capitalization To Accelerate Market Penetration Of eProcurement Solution

Jul 14, 2022

On Jul 14, 2022 Georgette Kiser, Naples Technology Ventures’ Advisory Board Member, former MD and CIO at Carlyle Group, joins the Board of Directors iQuantum.ai , a market-leading end-to-end eProcurement solution built for global enterprises, announced $3 million Series Seed Preferred capitalization financing from Naples Technology Ventures. The funds raised will be used to accelerate growth, add features, and enhance marketing efforts. Georgette Kiser, Advisor at Naples Technology Ventures, will be joining iQuantum’s board. In addition to a strong educational pedigree, Ms. Kiser brings decades of leadership expertise to iQuantum. Her long-term record of business leadership, achievement and value-creation will play an important role in ensuring iQuantum’s success as it pushes growth in the marketplace. “The need for a newer, more modern approach to eProcurement is not only urgent, but continues to get even more so each passing day.” — Hetal Mehta, CEO of iQuantum As businesses are looking to get hyper-competitive in a rapidly changing supplier ecosystem amid increasing supply chain complexities, they are also grappling with the need for increased focus on deep, rich metrics, visibility and control of their entire supply chain spend. iQuantum enables its dozens of global enterprise customers with the ability to integrate a wide base of eProcurement solutions that are highly effective, accurate and easy to deploy. iQuantum global supplier database brings sourcing teams a much-needed source to find new qualified suppliers across a wide range of categories and diversity statuses, to increase their competitive edge. iQuantum’s robust diversity and ESG solutions bring procurement teams the much-needed integrated diversity spend analysis, while maintaining ESG compliance across their supply chain. iQuantum’s Punch-out-to-go-ready purchasing solution enables enterprises to enable robust Order and Invoicing processes. Its advanced AI-based predictive capabilities combined with an exceptionally fluid user experience results in high levels of user adoption. “All of our global enterprise customers have come to us with one common theme of challenges – and that is how to move beyond their outdated legacy eProcurement solutions while tying together solutions that address newer challenges such as diverse spend management, supplier diversity, contract lifecycle management, spend analytics, with nimble, light yet very powerful solutions. This is where we at iQuantum are proud of the exceptional value we deliver to our customers. The need for a newer, more modern approach to eProcurement is not only urgent, but continues to get even more so each passing day,” said Hetal Mehta, CEO of iQuantum. “With the additional investment and expertise provided by Naples Technology Ventures, we will be able to accelerate the growth of iQuantum’s rapidly expanding customer base and the teams that enable us to serve these customers effectively.” “We’re thrilled to have made an investment in iQuantum because of the critical impact they make within an organization. With the iQuantum application, enterprises are able to drive massive efficiencies while minimizing catastrophic risk and saving significant time and money,” said Mike Abbaei, Managing Partner at Naples Technology Ventures. Write in to  psen@itechseries.com to learn more about our exclusive editorial packages and programs.

Naples Technology Ventures Investments

19 Investments

Naples Technology Ventures has made 19 investments. Their latest investment was in iQuantum as part of their Seed VC on July 7, 2022.

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Naples Technology Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/14/2022

Seed VC

iQuantum

$3M

Yes

2

6/29/2022

Seed VC - II

Medsien

$4.3M

Yes

2

1/18/2022

Series A - II

Lucy

$2.5M

Yes

5

7/28/2021

Series C

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$99M

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10

7/9/2021

Seed VC - II

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$99M

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10

Date

7/14/2022

6/29/2022

1/18/2022

7/28/2021

7/9/2021

Round

Seed VC

Seed VC - II

Series A - II

Series C

Seed VC - II

Company

iQuantum

Medsien

Lucy

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Amount

$3M

$4.3M

$2.5M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

2

5

10

10

Naples Technology Ventures Portfolio Exits

1 Portfolio Exit

Naples Technology Ventures has 1 portfolio exit. Their latest portfolio exit was Fixt on August 17, 2020.

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

8/17/2020

Acquired

$99M

3

Date

8/17/2020

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

3

Naples Technology Ventures Fund History

1 Fund History

Naples Technology Ventures has 1 fund, including NTV Frontier Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/2/2020

NTV Frontier Fund

$50M

3

Closing Date

11/2/2020

Fund

NTV Frontier Fund

Fund Type

Status

Amount

$50M

Sources

3

Naples Technology Ventures Team

3 Team Members

Naples Technology Ventures has 3 team members, including current Chief Investment Officer, Neeraj Vohra.

Name

Work History

Title

Status

Brij Sharma

Founder

Current

Neeraj Vohra

Chief Investment Officer

Current

Brij Sharma

Managing Partner

Current

Name

Brij Sharma

Neeraj Vohra

Brij Sharma

Work History

Title

Founder

Chief Investment Officer

Managing Partner

Status

Current

Current

Current

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