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Aneel Ranadive
Managing Partner Soma Capital and Ownership Group Sacramento Kings
Aneel Ranadive is a prominent figure in the venture capital and technology investment landscape. Here's an overview of his background and accomplishments:
Professional Experience
Aneel Ranadive is the founder and Managing Director of Soma Capital, a Silicon Valley-based early-stage venture capital fund.12 He has over 20 years of experience building and investing in startups.1
Soma Capital
Soma Capital, founded by Ranadive in early 2015, invests globally across multiple sectors, focusing on entrepreneurs who use technology to improve humanity on a large scale.1 Since its inception, the fund has:
- Invested in hundreds of startups
- Backed over 20 unicorns
- Invested in companies with a combined total value of over $50 billion
Some notable investments include Deel, Rippling, Ramp, Ironclad, Razorpay, Rappi, and Cruise.1
Investment Approach
Ranadive's investment strategy at Soma Capital includes:
- Investing in seed and early-stage startups
- Focusing on sectors such as MarketingTech, Gaming/eSports, Analytics, SMB Software, Cloud Infrastructure, and Enterprise3
- Typical investment range of $1M - $5M, with a sweet spot of $2.5M3
Family Background and Connections
Aneel Ranadive comes from a family with a strong technology background:
- His father, Vivek Ranadive, founded TIBCO Software, which had a $4.3 billion exit1
- The Ranadive family owns the Sacramento Kings NBA team2
- Aneel has leveraged connections from TIBCO to build a robust network of Fortune 500 CEOs1
Current Location and Fund Size
As of the most recent information:
- Ranadive has relocated from San Francisco to Miami Beach, Florida45
- Soma Capital's current fund size is reported to be $200M3
- The platform has grown to over $1 billion in assets under management5
Aneel Ranadive's LinkedIn username is indeed aneelr, as mentioned in the query.4