2024 in numbers
In 2024, we focused on
Distributing
to our investors.
In 2024, Moneta Ventures achieved a significant milestone with our largest exit to date, TeleMed2U, among other exits. This achievement reflects our commitment to delivering strong returns to our investors and has brought our overall DPI (Distributions to Paid-In Capital) to 0.63x across funds, marking steady progress in creating value and liquidity for our investors.
Investing in new technologies.
We had the opportunity to invest in six new portfolio companies in 2024. Read up about them to learn about the innovate tech we’re helping move forward.
Building
innovative companies.
In 2024 we worked to build up our existing portfolio companies to help push their groundbreaking technologies and increase value across our portfolio.
App Orchid has announced a strategic partnership with one of the world’s largest financial services companies. As part of this partnership, the financial services firm will significantly increase its use of ContractAi and App Orchid’s platform throughout its organization with an initial user base of over 800 users and 35,000 contracts. The use of ContractAi within the firm has already reduced their time to contract from 120 days to 7-10 days. This was all made possible through the use of App Orchid’s AI platform and innovative procurement thought leadership at App Orchid. Read more about App Orchid’s recent news at the link below.
Sibros is driving the shift to Software-Defined Vehicles (SDVs) with a leading connected vehicle platform for Over-the-Air updates and data-driven improvements in safety and user experience. In 2024, Sibros added 15 new customers across segments, from 2-wheelers to commercial trucks and luxury cars. CEO Hemant Sikaria recently interviewed Velusamy R, President of Mahindra Automotive Technology, on the launch of Mahindra’s electric SUV lineup, powered by Sibros—watch the video for more.
Known as WorldsNQ, the innovative platform promises to redefine how companies use AI to measure and improve physical operations.
Over the past five years, TeleMed2U’s revenue has grown by nearly ten-fold. We recently profiled the company’s journey from a business that struggled with execution to one that become an attractive acquisition target.
Serving the ecosystem.
Entrepreneur of the Year
Our founder Lokesh Sikaria was recognized as the Sacramento Metro Chamber’s Entrepreneur of the Year. The Greater Sacramento Area holds a special place in Moneta’s history and heart, and we’re grateful to be a part of such a thriving entrepreneurial community.
Founder-Friendly Award
For the fourth consecutive year, Moneta Ventures was named to Inc. Magazine’s Founder-Friendly Investors List, a list of the most supportive PE, VC and debt firms. We are thrilled to receive this acknowledgment once again, highlighting our collaborative approach with founders—a core principle of Moneta since our inception. Together with our outstanding founders, we strive to enhance our portfolio companies’ operations from investment and beyond.
GSEC
For the third consecutive year, Moneta was the presenting sponsor for the Greater Sacramento Economic Council’s Annual Celebration. Pictured from left to right are Moneta Venture Partner Ashu Bhalla, Moneta LP Dave Lucchetti and Moneta Managing Partner Lokesh Sikaria. We are honored to be a part of such a bright and thriving ecosystem in the Greater Sacramento Area.
Texas Founder Holiday Party
In December, Moneta celebrated the holiday with our Texas-based founders. We have so many excellent and bright founders in our portfolio that we were thrilled to celebrate with.
ayana Foundation
SXSW
Moneta Managing Partner Aasim Hasan moderated two panels at SXSW. “How Allocators Find the Next Great VC” (pictured here) featured panelists Beezer Clarkson (Sapphire Partners), Mark Shoberg (Capital Creek Partners), and Rosa McCormick (Wild Basin Investments). A recording of the panel can be viewed here.
The second panel was entitled “Raising Venture Capital During a Market Downturn” and featured Moneta portfolio company founders Katherine Allen (Flo Recruit), Dave Copps (Worlds), and Raymond Weisberg (Edge). A recording of the panel can be found here.
Moneta news.
In 2024, we welcomed two new Partners and a new Associate to the Moneta team. Eli Wolfson was also promoted to Senior Associate.
Jeff Olyniec
Jeff has been working closely with the Moneta team for several years while serving as the Chairman of Moneta portfolio company, Reviver.
Ashu Bhalla
Ashu has a long working history with the Moneta partners, and most recently was the Chief Revenue Officer at Sibros, one of Moneta’s portfolio companies.
Saachi Sikaria
Saachi joins us from Ernst & Young, where she was an audit associate.
She graduated summa cum laude from Santa Clara University’s (SCU) Leavey School of Business and is a licensed CPA.
Promotions
Eli Wolfson
Senior Associate Congratulations to Eli Wolfson on his promotion to Senior Associate. Since joining Moneta in 2020, Eli has been responsible for sourcing companies for investment, conducting due diligence on new opportunities, and providing strategic support to Moneta’s portfolio companies.
Fellows and interns
In 2024, we were pleased to welcome:
Carolyn Taylor to the team as a Venture Fellow with the University of Texas McCombs School of Business Venture Fellow program. Ronan Brothers, Tashvi Munka, and Ayaan Kundi also joined as interns in Summer 2024.
Lauren Best (pictured, left) has also now joined Moneta as our 2025 Venture Fellow.