The right software will streamline processes and aid venture capitalists in closing deals more quickly. The key to the success of implementing a system is clear objectives and thorough evaluations of current systems, workflows and pain points.
The VC software allows investment firms to manage their portfolios and keep track of performance which makes it easier to communicate with investors. However, there are many various options available. This article outlines some of the top choices that can help you choose the best solution for your business.
Fundwave: This cloud-based application provides fund administration as well as portfolio management and investor reporting tools. It simplifies complex investment and investment management processes so that VC firms can focus on creating returns for investors.
Calendly is a software that helps VC professionals plan meetings that are convenient for everyone. It cuts down on time spent on back-and-forth email exchanges. It has features such as easily shareable availability and integrated analytics to help manage meeting funnels. Clara is a comparable option that provides additional features including the ability to integrate with email and allow team members to overlay their calendars onto meetings.
Affinity is a relationship-based CRM created to handle complex dealmaking processes in VC companies and multi-round, longer deal cycles. Its proprietary algorithms evaluate each connection and find a more efficient route to new opportunities, making sure that everyone in your team is aware of any potential and existing opportunities.
Other popular VC solutions include PitchBook, which provides insights into the pre-money valuations of ventures, and Navatar, which is a conventional CRM used by financial services businesses for pipeline management and relationship mapping. Clearbit is an enterprise intelligence tool which improves deal sourcing via lead enrichment and API customization.