Distributed Ventures launches its first venture fund
NFP, a leading insurance broker and consultant that provides property and casualty, corporate benefits, retirement, and individual solutions, announced it will be the anchor limited partner of Distributed Ventures.
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Distributed Ventures is a new Seed and Series A fund focused on helping founding teams realize their visions at a scale and speed unmatched in early-stage venture today. The fund will welcome complementary perspectives from additional strategic and institutional limited partners.
“We’re excited to take another step forward in our venture investing strategy as the anchor LP in Distributed Ventures,” said Mike Goldman, president and chief operating officer, NFP. “The team has an excellent track record, disciplined fundamentals and deep relationships, which brings exceptional value to investors, companies and their stakeholders and customers. Through our positive experience with NFP Ventures, momentum is strong as we invest in Distributed Ventures’ first fund.”
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The fund is led by partners Shawn Ellis, who founded NFP Ventures, Adam Blumencranz and Michael Peri, members of the NFP Ventures investment team. Together, they are guided by three core tenets: be early, disciplined and active investors; enhance speed by aligning investments with all limited partners’ core lines of business; and structure investments in a way that creates a win-win for all.
“We believe a good venture partner brings more than capital, especially early in a founder’s journey,” said Ellis, the fund’s managing partner. “Our goal with NFP Ventures was to build a different type of venture fund focused on rapid acceleration for founders and exceptional return generation for limited partners. On both dimensions, our team demonstrated an impressive track record of success in a short period of time, and we’re excited to bring that momentum to Distributed Ventures.”
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