Palo Alto, CA – Aug 5, 2022 – Born Capital announced the opening of its new office in Palo Alto, CA. The office will support the firm's Bay Area portfolio companies and allow greater access to its West Coast limited partners. The office is located on Lytton Ave. in downtown Palo Alto.
“What makes Born Capital unique is that it is the only VC firm focusing on CFOTech,” said Wouter Born, managing partner at Born Capital.
Silicon Valley is the epicenter of the venture capital industry, with over 300 venture capital firms located in Palo Alto. The choice to establish an office in the heart of Silicon Valley supports Born Capital's mission to invest in CFOTech entrepreneurs that have global ambitions.
CFO Technology (CFOTech) is the technology space that enables the Office of the CFO become strategic and add more business value, covering areas of financial planning and analysis (FP&A), financial close, reporting, and finance automation. AI, RPA, Cloud computing, and big data are considered to be the core technology components of CFOTech.
“The CFOTech market is booming and this is largely due to the expanding role of the CFO and the downward movement in the market to offer these traditionally enterprise type of solutions to mid-market, and even SMB companies,” said Born.“Born Capital has a unique focus; no fund has ever specialized in the CFOTech space before.
“We believe innovative startups in CFOTech are pioneering one of the biggest drivers of business value this decade,” said Marcel Vlug, Chairman Investment Committee at Born Capital…“The center of gravity of this innovation happens in the Bay Area and with our new Palo Alto office, we are right at the center of it.”
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About Born Capital
Born Capital invests in early-stage startups with proven product market fit that empower CFOs for the future of finance by automating the CFO suite and enabling them to draw deep insights from real-time data. This evolution is being engineered with the emerging technology of AI, robotic process automation, Cloud, big data and analytics. Each partner at Born Capital has either founded, grown and successfully exited their own CFOTech company. Each has since become sought-after consultants, advisors, and Angel investors in the industry. Born Capital has invested in CFOTech companies like OnPLan, TrueRev, Synder, Keeper, BlueLight, KPISense, and Bedrock AI.
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