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 2025, Armory Square Ventures is an active investor, having invested in 17 companies, with 1 new investment 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 BQP Overall, Armory Square Ventures portfolio has seen 1 unicorn and 5 acquisitions including key companies like ACV Auctions, UCM Digital Health and Good Uncle. 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 24 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 17 companies, one of which is a Unicorn. Their most notable investments are in Adapt-N and StorySlab.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: $637M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $350M
- Employee Count: 1,881 as on Mar 31, 2026
- Investors: HTIF, Fidelity Investments and 16 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: 49 as on Jul 01, 2024
- Investors: Contour Venture Partners, Armory Square Ventures and 3 Others
- Latest Funding Round: Series A, May 15, 2023, $*****
- Highlight: Acquired
3. Compyl
Platform offering data privacy compliance solutions. Helps in monitors and assigning workflows in a single location to ensure regulatory requirements and IT frameworks, are continuously met by establishing a proper information security foundation across the entire organization.
Key facts about Compyl
- Founded Year: 2017
- Location: Brooklyn (United States)
- Stage: Series A
- Total Funding till date: $12M
- Employee Count: 55 as on Mar 31, 2026
- Investors: Zelkova Ventures, Alpine Meridian and 5 Others
- Latest Funding Round: Series A, Jun 04, 2025, $*****
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: 90 as on Dec 31, 2022
- Investors: Topmark Partners, Armory Square Ventures and 9 Others
- Latest Funding Round: Series B, Jan 12, 2021, $*****
- Highlight: Editors' Pick
5. Qumis
AI-powered insurance policy review platform. It is an AI-powered knowledge platform built by insurance coverage experts to revolutionize insurance policy review and analysis.
Key facts about Qumis
- Founded Year: 2022
- Location: Chicago (United States)
- Stage: Seed
- Total Funding till date: $6.84M
- Employee Count: 17 as on Mar 31, 2026
- Investors: Armory Square Ventures, Grand Ventures and 5 Others
- Latest Funding Round: Seed, Nov 26, 2025, $*****
- Highlight: Editors' Pick
Armory Square Ventures' Year-on-Year Investment Trends
Armory Square Ventures has invested in 17 companies over the last 12 years, with an average of 1 new investment annually in the last 10 years. In 2025, it made 2 investments. Its most recent first time investment was in Compyl and most recent follow-on round was in BQP.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
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 5 investments in Seed stage with an average round size of $2.76M.Stage of entry | No. of Investments |
|---|---|
Series A | 9 |
Seed | 5 |
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, Consumer and FinTech. Notably, it has invested in 16 Tech companies, 14 Enterprise (B2B) companies, 11 Software companies and at least 6 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
Vertical SaaS | 4 |
Food and Agriculture Tech | 3 |
Consumer | 2 |
FinTech | 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 (14).Armory Square Ventures' recent investments
Armory Square Ventures has not made any investment in 2026 so far.Here are the most recent investments by Armory Square Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 17, 2025 | United States | Seed | 1693 | [+10] | |
Jun 04, 2025 | United States | Series A | 4539 | [+5] | |
Dec 20, 2024 | United States | Seed | 2643 | [+4] | |
Oct 29, 2024 | United States | Seed | 2824 | [+3] | |
Dec 05, 2023 | United States | Series A | 5606 | [+1] |
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 |
|---|---|---|---|---|---|---|---|
70 | Online marketplace providing auction services for used vehicles to licensed dealers | 2014 | Buffalo | Series E | cnlklh{ |
Acquired companies in Armory Square Ventures' Portfolio
5 companies from Armory Square Ventures' portfolio have been acquired. The most recent acquisition were UCM Digital Health in Nov 2025 by Fabric.Here are Armory Square Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 11, 2025 | Mar 11, 2021 | Series A | 2567 | |
Oct 14, 2025 | Jan 11, 2023 | Series A | 8629 | |
Mar 19, 2024 | Oct 06, 2014 | Series A | 6019 | |
Oct 18, 2021 | Jun 16, 2017 | Series A | 4035 | |
Aug 06, 2019 | - | - | 2007 |
Team profile of Armory Square Ventures
Armory Square Ventures has a team of 24 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, 106 investors have co-invested in Armory Square Ventures's portfolio companies. This includes funds and angels.
- Invested before Armory Square Ventures: Techstars, 43North and 30 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: 47 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
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BQP Secures $5M After Quantum-Accelerated Digital Twin Platform DealEvertiq•Jul 25, 2025•BQP, Monta Vista Capital, New York State, ARC Ventures and 8 others
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BQP Raises $5 Mn Seed to Scale Quantum-Powered Digital Twins for Aerospace and Semiconductor
IndianWeb2•Jul 18, 2025•BQP, Monta Vista Capital, Armory Square Ventures, Alumni Ventures and 8 others
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Compyl Closes $12 Million in Series A FundingYahoo•Jun 04, 2025•Newark Venture Partners, Venture Guides, Compyl, Zelkova Ventures and 4 others
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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
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Qumis Raises $2.2M in Pre-Seed FundingFinSMEs•Jan 21, 2025•Qumis, Armory Square Ventures, MTech Capital, Grand Ventures and 3 others
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BosonQ Psi Raises $3M in Seed Funding to Advance Quantum-Inspired Simulation TechnologyThe Quantum Insider•Dec 17, 2024•BosonQ Psi, Monta Vista Capital, Emergent Ventures, Armory Square Ventures and 2 others
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Machinery Partner Raises $11M in Series A FundingFinSMEs•Dec 06, 2023•Machinery Partner, Armory Square Ventures, Pritzker Group, RiverPark Ventures and 5 others
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Qualifi Raises $4.5M in Growth FundingFinSMEs•May 17, 2023•Qualifi, m]x[v Capital, Rally Ventures, Armory Square Ventures and 6 others
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Meal Delivery Service RealEats Wraps $16M Series APYMNTS.com•Oct 27, 2021•RealEats, Excell Partners, Armory Square Ventures, GNC and 1 other
