About

Focus
Sovereign’s Capital invests in growth-stage companies operating in expanding markets, with $500 thousand to $10 million in revenue. In addition to a clear path to profitability and exit, we are most interested in investing in excellent, values-driven management teams motivated by visions that go beyond outsized financial returns.

Industries
We invest primarily in industries where our partners and team have relevant experience and expertise: B2C technology, tech-enabled consumer goods and services, B2B technology, healthcare IT, and medical devices.

Geography
While our primary focus is in the U.S., Sovereign’s Capital also invests in Southeast Asia, where 2 billion consumers will join the middle class over the next decade. We were the first U.S. fund with investment professionals on the ground in Indonesia investing in consumer-focused startups, which gives us significant advantages in procuring deal flow and conducting diligence in this rapidly expanding market. We provide unique access for Southeast Asian companies targeting U.S. channels to market, and can provide market insights and relationships for our portfolio companies across the U.S. and in Indonesia.1

Approach
• Invest $250 thousand to $2 million in teams of excellent operators capable and motivated to win in industries of high growth potential
• Actively partner with companies as they scale, using our industry experience to provide management guidance and assist in strategic planning
• Leverage our regional experience, operator backgrounds, and advisor network to assist with executive team staffing, growth opportunities, and negotiations
• Support portfolio companies by taking board and observer seats, and through regular reviews of performance metrics
• Identify potential strategic and financial buyers before making an investment and throughout our holding period to maintain a focus on exit strategy

1“Capturing the World’s Emerging Middle Class,” and “Winning the $30 trillion decathlon: Going for gold in emerging markets.” McKinsey Quarterly

 

We invest in B2C and B2B technology, healthcare IT, and tech-enabled consumer goods & services

Team

Our Managing Principals are seasoned operators and entrepreneurs with successful records in domestic and emerging markets.

Managing Principals

A seasoned business operator with experience in multiple industries including Bandwidth.com, which he and his business partner grew from $0 to $140 million in revenue.

An executive with 12 years of commercial leadership experience in Fortune 500 and venture backed companies; extensive experience in global product management, medical technology and consumer products.

A communicator of ideas and a multi-national entrepreneur who has launched and sold businesses in the US and Indonesia.

Venture Partners

A veteran investor in Jakarta who serves as a partner at RMKB ventures, and a proven operator in start-ups from the U.S. and Indonesia.

AN EXPERIENCED LAWYER AND INVESTOR WITH MORE THAN 12 YEARS OF EXPERIENCE LEADING LARGE FINANCIAL TRANSACTIONS ACROSS ASIA, EUROPE AND THE US. LED PRO BONO WORK ASSISTING REFUGEES SEEKING ASYLUM WHILE IN HONG KONG.

Scott is a principal at Bandwidth Labs, a founder of Rocket Hangar, and former CTO of Bandwidth.com. Scott most recently served as Director of Development at Symantec Corporation.

Staff

Sovereign’s Capital invests in early growth-stage companies in quickly expanding markets

Advisors

We have 50+ advisors who contribute their functional, industry, and regional expertise in the discovery, diligence and ongoing management of portfolio companies.

Group President, Keypath Education

Executive Director, Global Entrepreneurship Program Indonesia

Commissioner, Busana Apparel Group

Partner at Poiema Creative Group

CEO of Summit Medical, former CEO of PIK Hospital

Partner at RMKB Ventures

President, Founder at Kings Path Partners LLC

Co-Founder and Managing Director, Madison Pacific Group

Assistant to the President at the Cabinet Secretary, Indonesia

A multilingual international business operator with expertise in banking and consumer products.

A seasoned private equity investment professional with more than 20 years of experience

Chief Equity Strategist, Senior Portfolio Manager, Nuveen Asset Management

Managing Director, Bumi Raya Group of Companies

CBE Businessman, Chairman of the Lausanne Movement

CIO, Triangle Capital Corporation

CEO, Siloam Hospitals

Chairman, Service Brands International

Co-Founder & CEO, Bandwidth.com

Former SVP/COO Global Procurement at Walmart, Lecturer, Wharton Business School

Managing Partner, HealthQuest Capital

General Partner, Council Capital Management

Principal of Private Equity Investments, Mario Family Partners

President, National Christian Foundation

Senior Analyst, Quvat Management

VP, Square Roots & Venture Banking, Square 1 Bank

Managing Director, Triangle Capital Corporation

Entrepreneur in Residence, University of North Carolina at Chapel Hill

CEO, Spotlight Solar

Director, Public Investments, UNC Management Company

Partner, GGMI

President, Praxis Labs

Director of International Giving, David Weekly Family Foundation

Senior Analyst, Cherokee Investment Partners

Lead Pastor, Summit Church

VP Development, The C12 Group

Professor, Biola University

CFO, Cherokee Investment Services, Inc.

MBA/MA, Wharton/SAIS

Portfolio Companies

Liquidia is a biopharmaceutical company transforming the development of new therapies by precisely engineering drug particles.

NeuroTronik is a development-stage medical technology company pioneering a unique therapy approach for the hemodynamic management of patients who present to the hospital due to worsened symptoms of heart failure.

Caresync is the leader in chronic care management offering care coordination services, medical records retrieval and easy-to-use technology for health.

Trustify is an online platform that combines private investigators with data intelligence to support trust and safety for individuals and enterprises.

Printerous is an online platform producing the finest quality printed goods. We provide a suite of products to help you with all personal, business, and artistic printing needs.

Cladwell enables users to create and maintain capsule wardrobes to reduce clutter and embody their personal style, helping them create and share outfits with ethically sourced, quality clothes

NextGxDx is a healthcare technology company dedicated to making genetic testing more transparent and efficient for stakeholders across the healthcare system.

Maxwell enables Real Estate loan officers through a comprehensive tech platform that boosts productivity, and makes it much easier to close deals.

ShotTracker aims to improve the performance of competitive basketball players of all ages through our individual and team products.

Loket is the leading event management, ticketing and data analytics company in Indonesia. Their system provides an end-to-end technology platform, and extensive analytics on customer data.

SoapBox is a consumer products company that makes natural soaps and shampoos. For every product sold, a bar of soap or a month of clean water is given to a person in need.

Xendit is a money transfer platform that solves several key problems in Indonesian personal banking. Their platform has application in a peer-to-peer context, or for e-commerce businesses.

RebelWorks is an I.T. development lab that offers premium outsourced programming work for companies. As a major hub of technical talent in Jakarta, RebelWorks also incubates its own projects.

FiveStars (United States) is an online customer service loyalty network for small and medium businesses in North America. It integrates with merchant POS systems to enable customers to earn and spend points at local businesses.

Revboss is a Software as a Service product that quickly identifies a large base of qualified sales leads, and helps companies manage relationships with these prospective customers.

EmployUS IS A CROWDSOURCED EMPLOYMENT REFERRAL PLATFORM IN WHICH USERS REFER PRIME CANDIDATES FOR JOB POSTINGS AROUND THE COUNTRY, AND COMPANIES PAY OUT FEES FOR SUCCESSFUL HIRES.

BerryKitchen is a vertically integrated food delivery service in Jakarta. Focused on subscription services for bulk ordering, they deliver to both individuals and offices around the city.

CloudFactory is a BPaaS (business process as a service) company with a revolutionary technology platform and distributed workforce that enables a more flexible, scalable and cost-effective alternative to traditional BPO.

GBD is a biotech company addressing the need for a rapid, low-cost, and easy-to-use point-of-care (POC) test for diagnosing tuberculosis (TB).

Kammok is an innovative outdoor brand for the socially conscious adventurer. Their high-quality hammocks and other products are available in REI and on their website.

Thrive is a coffee distribution company that connects the farmer directly with the final consumer through a new model of supply chain management and customer engagement.

Dressabelle is an e-commerce site focused on fast-fashion catered to professional women. They produce and ship two new, affordable fashion lines every week.

BrideStory is fast becoming the most trusted and inspiring online wedding vendor directory in SE Asia. Their technology platform helps users find, select and compare wedding vendors in their area.

Anutra Medical is a medical device company focussed on dentistry. Their device enables quicker onset of ‘numbness’, and simplified utilization of various pharmaceutical agents.

Tada is a one-stop-shop for a practical, but impressive gifting experience. They are also focused on innovative Fintech solutions.  

ManCrates is a gift company focused on gifts for men with inventive gifts for birthdays, first time Dads, sports fans, grill masters, and more.

410 Medical is developing a simple, intuitive solution that allows a single healthcare provider to rapidly deliver fluid to critically ill patients, improving care and saving lives.

First is a predictive intelligence engine for targeting movers 6-12 months before they list their home. Initially focused on real estate, First’s platform empowers realtors to better understand and profitably grow their pipeline of listings.

Roba is a Japanese fast casual dining concept focused on yakitori. Roba was based on the founders’ first restaurant, Pancious: an inventive Western restaurant in Indonesia with 15+ locations.

Canopy is solving the problem of inefficient home services delivery and consumption. Combining a high-tech, centralized approach with old-fashioned service, Canopy is the easiest way to maintain your home.

Grab is the top ride-hailing app in SE Asia. The app connects taxis, independent drivers, motorcycles, and couriers with users across the region.

Summit Medical is a training and simulation company focused on continuing medical education, life support simulation, and effective human resource consulting for healthcare professionals in SE Asia.

Jobs

Are you or someone you know a perfect fit for a Sovereign’s Capital company? Please let us know by filling out the form at this link. If it looks like a good match, we’d be happy to connect you with one of our companies. Our portfolio companies are seeking to fill the following positions. Please reach out to them directly.

Asia:

  • Various Sales Positions: Tada (Jakarta, Indonesia)
  • Chief Financial Officer: Berry Kitchen (Jakarta, Indonesia)
  • Various Jobs: GrabTaxi (Singapore, Jakarta, other)
  • Financial Controller: Loket (Jakarta, Indonesia)
  • Front-end and Back-end Developers: Loket (Jakarta, Indonesia)
  • iOS Developers: RebelWorks (Jakarta, Indonesia)
  • Front-end Developers: RebelWorks (Jakarta, Indonesia)
  • Sales Representative: Summit Medical (Jakarta, Indonesia)
  • Administrative Assistant: Summit Medical (Jakarta, Indonesia)

United States:

  • Customer Success Lead: First (Durham, NC)
  • Data Platform Engineer: First (Durham, NC)
  • Sales Representatives: First (Durham, NC)
  • Various Sales and Marketing positions: CloudFactory (Durham, NC)
  • Chief Technology Officer: CloudFactory (Durham, NC)
  • VP of Product: CloudFactory (Durham, NC)
  • Director of Sales and Marketing: CloudFactory (Durham, NC)
  • Director of Investigations: Trustify (Arlington, VA)
  • Senior Dev-Ops: Trustify (Arlington, VA)
  • Senior Software Engineer: Trustify (Arlington, VA)
  • Senior Developer: Kammok (Austin, TX)
  • Sales Lead: Kammok (Austin, TX)
  • Software Engineer: RevBoss (Durham, NC)
  • VP of Engineering: RevBoss (Durham, NC)
  • Business Development: RevBoss (Durham, NC)
  • Director of Merchandising: Man Crates (Bay Area, CA)
  • Director of Growth Marketing: Man Crates (Bay Area, CA)
  • Senior Front End Engineer: Man Crates (Bay Area, CA)
  • VP of Sales: 410 Medical (Durham, NC)
  • Associate Engineer: 410 Medical (Durham, NC)
  • Customer Success Manager: EmployUs (Durham, NC)
  • Software Engineer: EmployUs (Durham, NC)
  • Senior Account Executive: EmployUs (Durham, NC)

Contact

info@sovereignscapital.com

Headquarters:

45 Wadsworth Ave
Los Gatos, CA 95030

Back Office and Operations:

Attn: Jim Fogleman
111 East Hargett Street
Raleigh, NC 27601

Indonesia Office :
Level 11, One Pacific Place SCBD Area
Jalan Jend. Sudirman kav. 52-53
Jakarta 12190
+62 21 2985 9606