Acadian Ventures Secures $30M for Future of Work VC Fund
Acadian Ventures, an early-stage venture capital firm, has raised $30 million for its second venture capital fund, focusing on technologies shaping the future of work. The firm, led by seasoned industry veterans, aims to revolutionize work experiences through strategic investments in innovative technologies.
Acadian Ventures’ Fund II witnessed overwhelming support from investors, surpassing its initial target. With commitments from key backers like ServiceNow Ventures and Connecticut Innovations, along with a diverse investor base comprising venture capital firms, family offices, and high-net-worth individuals, the fund marks a significant milestone for the firm.
The firm’s investment strategy revolves around four core themes;
- Intelligent work applications leveraging AI
- Robust work infrastructure powered by data and APIs
- Innovative regulatory and compliance solutions
- The evolving global workforce landscape
These focus areas promise transformative opportunities, redefining work dynamics and challenging traditional industry norms.
Philip Kirk, Senior Vice President of Corporate Business Development at ServiceNow, expressed enthusiasm about partnering with Acadian Ventures to foster innovation in next-generation work technologies. Acadian Ventures and ServiceNow Ventures share a similar vision. The ventures are set on enhancing digital transformation, focusing on maximizing human potential and improving the employee experience.
Meeting Challenges
Led by General Partners Jason Corsello and Thomas Otter, Acadian Ventures distinguishes itself with an operator-centric approach. With the support of an extensive network of industry executives like Salesforce, Workday, and SAP, the firm takes active steps. It commits to simplifying work processes and enhancing productivity through technology.
Despite industry headwinds, Acadian Ventures persevered, acknowledging the challenging fundraising landscape. Corsello highlighted the firm’s resilience, leveraging the success of its first fund to garner investor interest and surpass fundraising expectations for Fund II.
With $60 million in assets under management, Acadian Ventures is well-positioned. The robust team of industry experts ensures the firm’s ability to drive innovation and shape the future of work through strategic investments and transformative partnerships.
