Impact Venture Capital Invests into Third Portfolio Company: Pondera Solutions Alongside Large San Francisco Private Equity Firm
Impact Venture Capital has made its third investment is into Pondera Solutions, a company that leverages advanced prediction algorithms and the power of cloud computing to combat fraud, waste, and abuse in government programs. Impact Venture Capital invested alongside San Francisco-based private equity firm Serent Capital.
Pondera’s CEO Jon Coss participated in Impact Venture Capital’s Innovation Programs in 2013. At the time, Pondera was pre-revenue and had only three team members. Since then, Coss has grown his company to over 40 employees, has generated tens of millions in revenue, and has led the company to profitability.
Impact Venture Capital’s Innovation Programs have become a key source of deal flow for the firm and an opportunity to gain valuable mentorship for seed-stage companies. Over 60 companies have now participated in the accelerator program; we can’t wait for the next Pondera.