Key Takeaways
- • Nilanjana Bhowmik (founder and general partner of Converge, Cambridge, MA) and Gayatri Sarkar (founder and CEO of Advaita Capital, Boston, MA) are the two Massachusetts-based founders included in an IndUS Business Journal list of 20 top venture capital firms founded by Indian Americans.
- • Of the 20 firms on the list, 16 are based in California, while Massachusetts and New York account for two firms each.
- • Converge invests in early-stage B2B technology companies in areas including AI, cloud and blockchain infrastructure, edge computing, robotics and enterprise software; its portfolio includes exits to DigitalOcean (Nimbella), Altair (RapidMiner) and iCIMS (Jibe).
- • Advaita Capital invests in growth-stage technology businesses spanning AI, deep technology and climate-related innovation.
Summary
Two Massachusetts-based venture capital leaders, Nilanjana Bhowmik and Gayatri Sarkar, have been listed in an IndUS Business Journal report on 20 top venture capital firms founded by Indian Americans in the United States, according to the primary source. The report shows a strong geographic concentration: 16 of the 20 firms are based in California, while Massachusetts and New York each account for two.
Bhowmik is founder and general partner of Converge, a Cambridge, Massachusetts firm with a presence in other major technology markets. The firm, co-founded with Maia Heymann, focuses on early-stage business-to-business technology companies in artificial intelligence, cloud and blockchain infrastructure, edge computing, robotics and enterprise software. Before founding Converge, Bhowmik was a general partner at Longworth Venture Partners, where she led enterprise technology investments. Her portfolio includes companies acquired by DigitalOcean (Nimbella), Altair (RapidMiner) and iCIMS (Jibe). She previously served as president of TiE-Boston.
Sarkar is founder and CEO of Boston-based Advaita Capital, which invests in growth-stage technology businesses, including artificial intelligence, deep technology and climate-related innovation. Her background spans technology, finance and consulting, including work connected to the Federal Reserve Bank. She also developed a technology startup while studying at Harvard. Through Advaita Capital and She-VC, Sarkar works on technology investment, entrepreneurship and efforts to expand representation in venture capital.
The full IndUS list includes firms such as Khosla Ventures, Lightspeed Venture Partners, Amplify Partners and South Park Commons, with the Massachusetts entries being Advaita Capital and Converge.
Bhowmik is founder and general partner of Converge, a Cambridge, Massachusetts firm with a presence in other major technology markets. The firm, co-founded with Maia Heymann, focuses on early-stage business-to-business technology companies in artificial intelligence, cloud and blockchain infrastructure, edge computing, robotics and enterprise software. Before founding Converge, Bhowmik was a general partner at Longworth Venture Partners, where she led enterprise technology investments. Her portfolio includes companies acquired by DigitalOcean (Nimbella), Altair (RapidMiner) and iCIMS (Jibe). She previously served as president of TiE-Boston.
Sarkar is founder and CEO of Boston-based Advaita Capital, which invests in growth-stage technology businesses, including artificial intelligence, deep technology and climate-related innovation. Her background spans technology, finance and consulting, including work connected to the Federal Reserve Bank. She also developed a technology startup while studying at Harvard. Through Advaita Capital and She-VC, Sarkar works on technology investment, entrepreneurship and efforts to expand representation in venture capital.
The full IndUS list includes firms such as Khosla Ventures, Lightspeed Venture Partners, Amplify Partners and South Park Commons, with the Massachusetts entries being Advaita Capital and Converge.
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