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§ Venture Capital · New York City, NY, USA
Venture capital firm investing in early/growth stage tech companies, revenue-generating or post-prototype, in the Greater NYC Metro area.
Key people at Cloquet Capital.
Cloquet Capital Partners is an early and growth-stage venture capital firm based in New Canaan, Connecticut, that invests in technology companies operating primarily within the Greater New York City metropolitan area. The firm targets post-prototype and revenue-generating startups with well-identified market opportunities, providing initial capital injections ranging from $50,000 to $500,000 per transaction. Operating with a concentrated team of two to four employees, the firm utilizes its own proprietary capital and reported an estimated annual revenue of $6 million in 2024. The organization frequently leads funding rounds or co-invests alongside other financial institutions, with key management operations overseen by partner Krishnamurty Kambhampati. The entity originally emerged as an independent venture capital spinout from the corporate investment division of Bank One Equity Partners. Cloquet Capital Partners was officially founded in 2003 by managing partner Burt McGillivray.
Cloquet Capital Partners is an early and growth-stage venture capital firm based in New Canaan, Connecticut, focused on investing in technology companies with clearly identified market opportunities, particularly those in a post-prototype or revenue-generating stage. The firm typically invests between $50,000 and $500,000, often co-investing or leading rounds, with a geographic emphasis on the Greater New York City metropolitan area but open to other locations. Their portfolio spans sectors including information technology software, manufacturing, distribution, and business services. Cloquet Capital aims to support emerging companies that demonstrate strong potential for growth and market impact[1][2][3].
Founded in 2003 by Burt McGillivray, a seasoned venture capitalist, Cloquet Capital Partners emerged as a spinout from Bank One Equity Partners. The firm has maintained a consistent focus on early-stage technology investments, evolving to include growth-stage opportunities as companies mature. Key partners include Burt McGillivray and Krishnamurty Kambhampati, who contribute to the firm's strategic direction. Over time, Cloquet has built a reputation for targeted investments in niche markets with well-defined business models and revenue traction[1][2][4].
Cloquet Capital operates within the broader trend of early-stage venture capital focusing on technology-driven innovation with measurable market demand. Their timing aligns with increasing startup activity in the Greater NYC area, a growing tech hub outside Silicon Valley. By targeting companies that have moved beyond the prototype phase, Cloquet mitigates early-stage risks and supports firms poised for scaling. This approach contributes to strengthening the regional startup ecosystem by providing critical capital and expertise at a stage where many firms seek validation and growth capital. Market forces such as digital transformation, manufacturing innovation, and business service modernization create fertile ground for Cloquet’s investments[1][2][3].
Looking ahead, Cloquet Capital is positioned to continue capitalizing on the growth of technology startups in the NYC metro and beyond, especially those demonstrating early revenue traction. Trends such as AI integration, advanced manufacturing technologies, and SaaS expansion are likely to shape their investment focus. As the venture landscape becomes more competitive, Cloquet’s disciplined, regionally focused strategy and experienced leadership may enhance its ability to identify and nurture promising companies. Their influence in the ecosystem could grow by deepening operational support and expanding co-investment partnerships, reinforcing their role as a key early and growth-stage investor in niche technology markets[1][2][3].
Key people at Cloquet Capital.
