About Armory Square Ventures
Armory Square Ventures is a venture capital firm founded in 2014. It is primarily based out of Syracuse, United States. As of Jul 2026, Armory Square Ventures is an active investor, having invested in 19 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Food and Agriculture Tech. Most recently it participated in the $***** Seed round of Besty Overall, Armory Square Ventures portfolio has seen 1 unicorn and 6 acquisitions including key companies like ACV Auctions, UCM Digital Health and BentoBox. A lot of funds co-invest with Armory Square Ventures, with names like RiverPark Ventures sharing a substantial percentage of its portfolio. Armory Square Ventures has team of 16 people including 3 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Seed
Portfolio Acquisitions
Portfolio Unicorns
Armory Square Ventures' List of Top Investments
Armory Square Ventures has a portfolio of 19 companies, one of which is a Unicorn. Their most notable investments are in Adapt-N and Besty.Their portfolio spans across and United States. They have invested in Enterprise Applications, FinTech, Food and Agriculture Tech and 13 other sectors, across stages such as Series A, Seed stages. Here is the list of top investments by Armory Square Ventures:1. ACV Auctions
Online marketplace providing auction services for used vehicles to licensed dealers. The platform offers vehicle inspection reports with interior and exterior photos. It provides tools for transportation, inventory management, and vehicle appraisal. The platform aims to simplify the process of buying and selling vehicles.
Key facts about ACV Auctions
- Founded Year: 2014
- Location: Buffalo (United States)
- Annual Revenue: $500M - $1B as on Dec 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $350M
- Employee Count: 1,925 as on Jun 30, 2026
- Investors: HTIF, Sprout Capital Partners and 17 Others
- Latest Funding Round: Conventional Debt, Sep 2020, $*****
- Highlight: Editors' Pick
Provider of teleconsultation and healthcare management software for employees and patients. The company has developed an app-based platform called Sam which has been built in order to assist users with telehealth solutions like virtual consultation, emergency care access, and more. Employers can use the platform to provide employees with healthcare plans, digital health benefits, and other health-related consultation options.
Key facts about UCM Digital Health
- Founded Year: 2020
- Location: Troy (United States)
- Stage: Acquired
- Total Funding till date: $7.25M
- Employee Count: 22 as on Jun 30, 2026
- Investors: Contour Venture Partners, Armory Square Ventures and 3 Others
- Latest Funding Round: Series A, May 15, 2023, $*****
- Highlight: Acquired
Clerio Vision is developing a product for non-invasive, incision-less, tissue-sparing laser technology to modify the refractive index of the cornea and improve vision in patients with refractive errors. The procedure, called LIRIC or (laser-induced refractive index change can be used to correct both far and nearsightedness, and can also be used to adjust other more invasive treatments such as cataract or LASIK surgeries.
Key facts about Clerio Vision
- Founded Year: 2014
- Location: Rochester (United States)
- Stage: Series B
- Total Funding till date: $28.9M
- Employee Count: 39 as on Jun 30, 2026
- Investors: Topmark Partners, Armory Square Ventures and 9 Others
- Latest Funding Round: Series B, Jan 12, 2021, $*****
- Highlight: Editors' Pick
4. BQP
Developer of quantum-inspired simulation software for optimization, physics, and data analysis. The company provides solvers for optimization, physics, and data-driven problems. It offers resources including blogs, videos, and whitepapers. The company’s software integrates into existing workflows.
Key facts about BQP
- Founded Year: 2020
- Location: Syracuse (United States)
- Stage: Seed
- Total Funding till date: $8.55M
- Employee Count: 53 as on Jun 30, 2026
- Investors: Altius Ventures, Gaingels and 28 Others
- Latest Funding Round: Seed, Jul 17, 2025, $*****
5. BentoBox
All-in-one platform for restaurant marketing, commerce, and diner engagement. It is a comprehensive solution designed to empower restaurants with tools for online presence, marketing, and operations. The platform offers restaurant websites, online ordering, takeout and delivery management, events management, reservations, and more. It provides features like digital waitlists, catering order management, and QR code order and pay. The platform includes functionalities for menu management, branding, and diner database management. It supports various restaurant types, including multi-location restaurants, neighborhood spots, and fine dining. It offers marketing tools like SEO, email marketing, and loyalty programs. The platform aims to help restaurants boost profits, stand out from competitors, operate efficiently, and enhance diner experiences. It is a SaaS platform with subscription and pricing plans.
Key facts about BentoBox
- Founded Year: 2013
- Location: New York City (United States)
- Annual Revenue: £0 - £1M as on Mar 31, 2025
- Stage: Acquired
- Total Funding till date: $58.8M
- Employee Count: 101 as on Jun 30, 2026
- Investors: Finger Group, Threshold and 19 Others
- Latest Funding Round: Series C, Nov 06, 2020, $*****
- Highlight: Acquired
Armory Square Ventures' Year-on-Year Investment Trends
Armory Square Ventures has invested in 19 companies over the last 12 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 2 investments, while as of Jul 2026, it has made 2 investments in this year. Its most recent first time investment was in Besty and most recent follow-on round was in BQP.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 1 | 1 | 2 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
2022 | 0 | 0 | 0 |
2021 | 1 | 1 | 2 |
2020 | 2 | 0 | 2 |
2019 | 1 | 0 | 1 |
2018 | 1 | 2 | 3 |
2017 | 2 | 0 | 2 |
Armory Square Ventures' Investments by Stage
Armory Square Ventures has made 9 investments in Series A stage with an average round size of $5.88M and 7 investments in Seed stage with an average round size of $6.79M.Stage of entry | No. of Investments |
|---|---|
Series A | 9 |
Seed | 7 |
Note: We have considered here, only first round of investments
Armory Square Ventures' Investments by Sector
Armory Square Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, Food and Agriculture Tech, High Tech and Consumer. Notably, it has invested in 17 Tech companies, 15 Enterprise (B2B) companies, 11 Software companies and at least 7 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 11 |
Vertical SaaS | 5 |
Food and Agriculture Tech | 3 |
High Tech | 3 |
Consumer | 2 |
Others | 13 |
Note: We have considered here, only first round of investments
Armory Square Ventures' Investments by Geography
Armory Square Ventures has made most investments in United States (16).Armory Square Ventures' recent investments
Armory Square Ventures has made 2 investments in 2026 so far - Besty and NEBEX.Here are the most recent investments by Armory Square Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 07, 2026 | United States | Seed | 1767 | [+2] | |
Jun 29, 2026 | United States | Seed | 9566 | [+9] | |
Jul 17, 2025 | United States | Seed | 9353 | [+10] | |
Jun 04, 2025 | United States | Series A | 3917 | [+5] | |
Dec 20, 2024 | United States | Seed | 4918 | [+4] |
Unicorns in Armory Square Ventures' Portfolio
Armory Square Ventures has 1 unicorn in its portfolio - ACV Auctions. The most recent unicorn in their portfolio is ACV Auctions which became a unicorn in 2019, 3 years after Armory Square Ventures first invested in it.Here is a list of unicorns in Armory Square Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
73 | Online marketplace providing auction services for used vehicles to licensed dealers | 2014 | Buffalo | Series E | s{cdcdg |
Acquired companies in Armory Square Ventures' Portfolio
6 companies from Armory Square Ventures' portfolio have been acquired. The most recent acquisition was Machinery Partner in May 2026 by Phoenix Tailings for $*****.Here are Armory Square Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 08, 2026 | Dec 05, 2023 | Series A | 8905 | |
Nov 11, 2025 | Mar 11, 2021 | Series A | 6083 | |
Oct 14, 2025 | Jan 11, 2023 | Series A | 4689 | |
Mar 19, 2024 | Oct 06, 2014 | Series A | 8516 | |
Oct 18, 2021 | Jun 16, 2017 | Series A | 6237 |
Team profile of Armory Square Ventures
Armory Square Ventures has a team of 16 members including 3 Partners and 1 Principal located in United States and Kenya. Armory Square Ventures' team does not sit on the board of any company as of now.Here is a list of top team members in Armory Square Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Indianapolis | - | ||
Partner | Skaneateles | - | ||
Partner | Kenya | - | ||
Principal | Syracuse | - |
Co-investors of Armory Square Ventures
Over the past 12 years, 120 investors have co-invested in Armory Square Ventures's portfolio companies. This includes funds and angels.
- Invested before Armory Square Ventures: Techstars, 43North and 33 others have invested in rounds before Armory Square Ventures. There are 2 companies where Techstars has invested before Armory Square Ventures and 1 company where 43North has invested before Armory Square Ventures.
- Top Co-investors of Armory Square Ventures: 58 investors entered a company along with Armory Square Ventures. These include investors like RiverPark Ventures (4 companies).
- Invested after Armory Square Ventures: A total of 27 investors have invested in Armory Square Ventures's portfolio after their investments. Top Investors include Bessemer Venture Partners (1 company), SoftBank Group (1 company) and Bain Capital Ventures (1 company).
Recent News related to Armory Square Ventures
•
Shelfmark Raises $3.5 Million in Seed Funding to Advance Physical AI PlatformThe SaaS News•Aug 06, 2026•Armory Square Ventures, Shelfmark, Argon Ventures, Grand Ventures and 2 others
•
Besty AI Raises $3.75M in Seed Funding Led by Armory Square VenturesThe SaaS News•Jul 08, 2026•Armory Square Ventures
•
Besty AI closes $3.75M seed roundPhocusWire•Jun 16, 2026•Besty, Armory Square Ventures, Ridge Ventures, Bungalow and 1 other
•
BQP Secures $5M After Quantum-Accelerated Digital Twin Platform DealEvertiq•Jul 25, 2025•BQP, Mountain View Capital, New York State, ARC Ventures and 8 others
•
BQP Raises $5 Mn Seed to Scale Quantum-Powered Digital Twins for Aerospace and Semiconductor
IndianWeb2•Jul 18, 2025•BQP, Mountain View Capital, Armory Square Ventures, Alumni Ventures and 8 others
•
Compyl Closes $12 Million in Series A FundingYahoo•Jun 04, 2025•Newark Venture Partners, Venture Guides, Compyl, Zelkova Ventures and 4 others
•
Insurtech Qumis Raises $2.2M to Automate Policy Reviews With AIInsurance Journal•Jan 30, 2025•Qumis, BrokerTech Ventures, Alumni Ventures, Grand Ventures and 2 others
•
Qumis Raises $2.2M in Pre-Seed FundingFinSMEs•Jan 21, 2025•Qumis, Armory Square Ventures, MTech Capital, Grand Ventures and 3 others
•
BosonQ Psi Raises $3M in Seed Funding to Advance Quantum-Inspired Simulation TechnologyThe Quantum Insider•Dec 17, 2024•BosonQ Psi, Mountain View Capital, Emergent Ventures, Armory Square Ventures and 2 others
•
