![]() ![]() Soma invests seed stage, then Bow Capital can invest Series A and beyond. Soma Capital’s anchor investor is Bow Capital. In addition to connections with athletes through the NBA network, the top artists in the world perform at Ranadive’s “Golden 1” arena from Lady Gaga to Ariana Grande, Jay Z, Travis Scott, Paul McCartney etc. Ranadive also owns the Sacramento Kings NBA team providing many influencer relationships in sports, media and entertainment. Soma Capital has a deep rolodex of CEO-level relationships with some of the biggest brands in the world and makes strategic introductions for portfolio companies. Tibco originally digitized Wall Street and powers 80% of Fortune 500 companies including many of the largest banks, airlines, retailers, hotels, casinos, and government services. Soma Capital portfolio companies have a combined valuation of over $35bn, with over $10bn in follow on capital invested after Soma’s initial seed checks.Īneel works with his father Vivek Ranadive, founder of Tibco Software which sold for $4.3bn to Vista. Aneel has seeded the likes of Cruise, Rappi, Embarktrucks, Astranis, Lambda School, Ironclad, Atrium, Razorpay, Alto Pharmacy, and Lendup among others. Aneel is often the earliest if not very first money in with a focus on software in consumer and enterprise. Soma is founded by Aneel Ranadive, who has over 10 years experience building and investing in startups. Soma invests in brilliant teams who are “starving” to solve huge problems, push civilization forward and improve the human condition. © 2023 NYP Holdings, Inc.Soma Capital is a fund built by founders, for founders. His 1,750-square-foot unit comes with white oak floors and millwork, a chef’s kitchen, plus views from the Empire State Building to the Statue of Liberty. Ranadive said he was unaware of the IQ requirement and removed it as soon as the news broke on social media. “This is literally horrific to me and the frickin’ complete opposite of everything that I stand for and how I want to build team.” When contacted by reporters, he publicly apologized, reportedly calling it “frickin’ heartbreaking,” and blamed the job post on an intern. Ranadive made the news earlier this year following reports that his firm asked for IQ tests from job applicants. Douglas Elliman Realty A glimpse of the space at night. Douglas Elliman Realty An Empire State Building view from a roomy kitchen. Douglas Elliman Realty A view of an open floor plan with wide city views. A bedroom with a massive window exposure, and dazzling views south to the World Trade Center. Ranadive often travels to New York and San Francisco to meet with founders and investors, and the NoMad purchase made sense in that context, a source said. Ranadive’s fund, which recently moved from San Francisco to Miami, has invested in more than 20 unicorns since its 2015 founding. At $5,078 per square foot, it’s also the highest price paid per square foot for a NoMad condo, says listing broker Erin Boisson Aires, of Douglas Elliman. 28th St., the new-construction property designed by starchitect Raphael Viñoly. That’s the full asking price for the two-bedroom condo at 25 W. ‘Project Runway’ winner Christian Siriano rents $16K/month NYC homeĪneel Ranadive, the founder of venture capital firm Soma Capital and the son of Sacramento Kings owner Vivek Ranadive, has purchased a lux pied-à-terre penthouse at the swanky new Ritz-Carlton Residences in NoMad for $8.8 million. Pilates pro Anne Mahlum in contract to buy $13.5M Miami home Historic Long Island home with its own beach listed for first time in 50 years at $5.49M Former LA home of both Megan Fox and LeBron James asks $6.39M ![]()
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