Luke Armour, Founder of Chaac Ventures (www.chaacventures.com): seed and early-stage VC fund focused on the Princeton University ecosystem.
Princeton University is an overlooked and underserved hub of start-up activity. Entrepreneurship came slowly to Princeton, compared to schools such as Stanford, MIT, Harvard, Berkeley, etc, but has quickly caught up and is now booming.
In 2015, Luke Armour P’13, saw the need for a dedicated fund investing in and supporting Princeton founders and now Chaac (Mayan God of rain) is a trusted, go-to destination for extraordinary founders.
Fund and predecessor investment vehicle has made 12 investments since 2016.
New investors to fund (closing soon, short window of opportunity) benefit from portfolio companies’ appreciation, while investing in the fund at cost basis.
LPs have the opportunity to co-invest in fund companies (and other opportunistic investments via Chaac’s SPV, at favorable terms.
Chaac has sourced over 1,200 candidates to make its 12 investments.
Via Luke’s (and on-campus ambassadors) support of the Princeton community, Chaac is now the first destination for a majority of Princeton founders (which include undergrads, recent grads, and professors).
Chaac has a robust, and ever-expanding pipeline of compelling deal-flow, and Chaac’s advisors and investors provide a much-appreciated value-add to its portfolio companies.
$5M-$7M in new LP commitments for Fund I
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