Tenacity Venture Capital Launches to Make High-Conviction Investments in Transformative Seed Stage Companies
Narasin was most recently a venture partner with NEA, where he served on the investment team and worked with portfolio companies including Transfix and Divvy Pay, which recently agreed to be acquired by Bill.com for approximately
"As one of the first investors to jump into seed stage back in 2007, I realized some of the best outcomes can grow from backing the best companies as early as possible. Fast forward to today, and the ecosystem has exploded – in part because the last year ignited new waves of technology adoption, creating opportunities for entrepreneurs that were unthinkable just two years ago," said Narasin, who was a seed investor in Transfix and later led the company's Series A.
Tenacity will invest in five to ten companies per year, with all investment decisions based on high conviction and in-depth due diligence. Sectors of interest include AI, fintech, hardware, logistics, marketplaces, mobile gaming, robotics and SaaS. NEA Managing General Partner
"NEA is excited to support Ben as he launches this new fund. Now is an especially exciting time to work with great companies early, and we look forward to continued opportunities to work with Ben as Tenacity builds its portfolio," said
Narasin believes his decades of company building expertise and sprawling network across the venture capital and technology ecosystems—including more than 300 venture capitalists and 200+ executives within Fortune 500 companies—will create powerful advantages for Tenacity's portfolio companies.
Narasin continued, "With Tenacity, I am accelerating my quest to back amazing companies early, most importantly when they are led by incredible people with a great idea and a huge addressable market."