The appropriate software can help venture capitalists improve their processes and close deals faster. The most important factor to an effective implementation is clear objectives and comprehensive evaluations of current systems, workflows and pain points.
Software for VC firms can help them manage their portfolios and track results and communicate more effectively with investors. There are many options available. This article outlines some of the top options that can assist you in selecting the right solution for your firm.
Fundwave is a cloud-based application that offers fund administration, investor reporting, portfolio management and tools for reporting on investor performance. It makes complex investments easier and streamlines investment management processes so that VC firms can focus on creating returns for their investors.
Calendly: This software helps VC professionals schedule meetings that are convenient for everyone. It helps reduce the time spent on email exchanges. It provides features like easily sharing availability and integrated analytics to help manage meeting funnels. Clara is a comparable option which comes with additional features which include the ability to integrate with email and allow team members to add their calendars to meetings.
Affinity The automated relationship intelligence CRM is designed specifically for VC firms’ sophisticated dealmaking workflows as well as longer, multi-round deal cycles. Its algorithms are specialized to analyze every connection and determine the most efficient route to new opportunities, making sure that the entire team is aware of existing and potential opportunities.
Other well-known VC solutions include PitchBook that provides insight into the valuations of ventures prior to funding, and Navatar, a classic CRM that is used by financial service companies for pipeline management and relationship mapping. Clearbit is, in contrast, an intelligence tool for business that can boost deal sourcing through lead enrichment and API customization.