Thomvest Ventures

growth-positive

Thomvest Ventures, a Bay Area venture capital firm, has announced a new $250 million fund and the promotion of Umesh Padval and Nima Wedlake to managing directors. The firm, which was started 25 years ago by Peter Thomson, has shifted its focus to specialize in key industries such as financial and real estate technology, cybersecurity, cloud and AI/data infrastructure. The new fund brings the firms total assets under management to $750 million. The firm plans to invest in 25 to 30 companies from the new fund, with check sizes ranging from $5 million to $25 million.