VC company wraps up $63M raise

Harbert shares an office with fellow investment firm Cary Street Partners.

Harbert Venture Partners shares an office with fellow investment firm Cary Street Partners.

A local venture capital firm is swimming in a new pool of cash.

Shockoe Slip-based Harbert Venture Partners recently capped off a $63 million fundraising round.

The company, which is the Richmond-based VC arm of Harbert Management Corp., headquartered in Alabama, raised the money through Harbert Venture Partners IV, according to a January SEC filing.

Tom Roberts, a partner with the firm here in Richmond, said the company couldn’t comment specifically on the new pool due to SEC regulations.

“We continue to invest in emerging, growth-stage tech and healthcare companies in the Southeast,” Roberts said, adding that it hopes to continue to find investment targets around Central Virginia.

The company has previously invested in at least two Richmond companies: pharmaceutical firm Kaleo and Shockoe Bottom shirt maker Ledbury.

Its latest investment was in MapAnything, a mapping software company. Harbert was part of a group of firms that invested a total of $7.3 million in the startup late last year.

HVP has about 19 active investments, according to its website, and typically looks to invest $3 million to $7 million in a given company.

Three of HVP’s four partners – Roberts, Wayne Hunter and Brian Carney – work out of its Richmond office at 1210 E. Cary St.

Harbert shares an office with fellow investment firm Cary Street Partners.

Harbert Venture Partners shares an office with fellow investment firm Cary Street Partners.

A local venture capital firm is swimming in a new pool of cash.

Shockoe Slip-based Harbert Venture Partners recently capped off a $63 million fundraising round.

The company, which is the Richmond-based VC arm of Harbert Management Corp., headquartered in Alabama, raised the money through Harbert Venture Partners IV, according to a January SEC filing.

Tom Roberts, a partner with the firm here in Richmond, said the company couldn’t comment specifically on the new pool due to SEC regulations.

“We continue to invest in emerging, growth-stage tech and healthcare companies in the Southeast,” Roberts said, adding that it hopes to continue to find investment targets around Central Virginia.

The company has previously invested in at least two Richmond companies: pharmaceutical firm Kaleo and Shockoe Bottom shirt maker Ledbury.

Its latest investment was in MapAnything, a mapping software company. Harbert was part of a group of firms that invested a total of $7.3 million in the startup late last year.

HVP has about 19 active investments, according to its website, and typically looks to invest $3 million to $7 million in a given company.

Three of HVP’s four partners – Roberts, Wayne Hunter and Brian Carney – work out of its Richmond office at 1210 E. Cary St.

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