Key Takeaways
- • Connexa Capital, a Miami-based venture capital firm founded in 2022, announced the final closing of its debut fund, Connexa Capital Fund I, L.P., with over $20 million in commitments, above its initial target.
- • The fund invests in early-stage technology and software companies and already holds five portfolio companies: FirmPilot, Proxima, Kickfin, Voila, and Integrated Projects.
- • Managing Partner Jonathan Beda, former CEO and co-founder of Zumbini (a Zumba Fitness spin-off), leads the firm, which emerged from his earlier independent sponsor vehicle, AB Investment Group.
- • Connexa's Executive Partner network includes operators tied to Apple, Goldman Sachs, Google, SoftBank, and Kroger-acquired Home Chef, and two of its Executive Partners, Pat Vihtelic and Alberto Perlman, are also investing in the fund.
Summary
Connexa Capital, a Miami-based venture capital firm, has announced the final closing of its debut venture capital fund, Connexa Capital Fund I, L.P. (the Fund), with over $20 million in commitments, exceeding its initial target, according to a Business Wire release dated June 26, 2024. The Fund invests in early-stage technology and software companies with strong fundamentals led by exceptional entrepreneurs. It has already made five portfolio investments: FirmPilot, Proxima, Kickfin, Voila, and Integrated Projects.
The firm is led by Managing Partner Jonathan Beda, a venture investor and former CEO and co-founder of Zumbini, a spin-off of Zumba Fitness. Beda previously ran AB Investment Group, an independent sponsor and predecessor to Connexa, which raised special purpose vehicles to invest in companies including Home Chef (acquired by Kroger), Halo Cars (acquired by Lyft), Material Bank, and Terra Kaffe. Connexa was founded in 2022 with a mission to partner with early-stage companies that have strong economic fundamentals.
Beda described the firm's target as companies at the inflection point beyond product-market fit and before meaningful scale, screening for customer traction, compelling unit economics, and capital-efficient business models. He said the firm places a premium on profitability and cash flow potential.
Connexa's Executive Partner network includes founders, operators, and investors from Apple, Blumberg Capital, Goldman Sachs, Google, GoPuff, Home Chef, Noom, Self Esteem Brands, SoftBank, Tiffany & Co., and Zumba Fitness, among others. Pat Vihtelic, founder and former CEO of Home Chef, said Connexa introductions helped his company secure its Series B lead investor and that he is now both an Executive Partner and an investor in the Fund. Alberto Perlman, founder and CEO of Zumba Fitness and an Executive Partner, praised the firm's hands-on approach with portfolio companies.
The firm is led by Managing Partner Jonathan Beda, a venture investor and former CEO and co-founder of Zumbini, a spin-off of Zumba Fitness. Beda previously ran AB Investment Group, an independent sponsor and predecessor to Connexa, which raised special purpose vehicles to invest in companies including Home Chef (acquired by Kroger), Halo Cars (acquired by Lyft), Material Bank, and Terra Kaffe. Connexa was founded in 2022 with a mission to partner with early-stage companies that have strong economic fundamentals.
Beda described the firm's target as companies at the inflection point beyond product-market fit and before meaningful scale, screening for customer traction, compelling unit economics, and capital-efficient business models. He said the firm places a premium on profitability and cash flow potential.
Connexa's Executive Partner network includes founders, operators, and investors from Apple, Blumberg Capital, Goldman Sachs, Google, GoPuff, Home Chef, Noom, Self Esteem Brands, SoftBank, Tiffany & Co., and Zumba Fitness, among others. Pat Vihtelic, founder and former CEO of Home Chef, said Connexa introductions helped his company secure its Series B lead investor and that he is now both an Executive Partner and an investor in the Fund. Alberto Perlman, founder and CEO of Zumba Fitness and an Executive Partner, praised the firm's hands-on approach with portfolio companies.
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