- Investors include NFL quarterback Baker Mayfield
- C2 Ventures’ general partners are Chris Cunningham and Matt Olivo
- Also launched Tributary Fund to back pre-seed SaaS and robotics companies
C2 Ventures, a Connecticut-based venture firm, has closed its second early-stage venture fund at $20 million.
C2 Venture Capital Partners II will invest in the seed rounds of B2B software and robotics companies building productivity tools for old economy industries such as manufacturing and construction.
The fund has more than 100 investors, including NFL quarterback Baker Mayfield and NFL Network reporter Ian Rappaport. Other investors include founders and tech executives, such as Brian Adams, Jennifer Prince, Shiven Ramji, Sean Cohen, David Kidder, Ari Paparo, Haroon Mokhtarzada and Mike Murphy, C2V said in a statement.
“C2V fits our strategy of identifying the best emerging managers in Connecticut, who are committed to growing our state’s startup ecosystem,” Matt McCooe, CEO of Connecticut Innovations, said in a statement. “We are excited to support C2V as they continue to attract new venture talent and startup founders to the state and help Connecticut tech companies succeed.”
Also, the firm has launched the Tributary Fund, which will back pre-seed SaaS and robotics companies. The size of the fund was not disclosed.
C2V’s general partners are Chris Cunningham and Matt Olivo.
The firm was founded in 2014. To date, it has backed 87 founders across its three funds, with three exits, including this year’s purchase of airline revenue management SaaS provider Kambr by Amadeus, C2V said in a statement.