Collection of candid advice from women VCs
Geographic Preferences: Michigan
Sonali Vijayavargiya launched Augment Ventures in January of 2011, and brings in over twenty years of experience in Project Finance, Investment Banking and Venture Investing. She works closely with early stage companies, nurturing and developing them from proof of concept to final IPO or strategic sale. She has advised entrepreneurs and technologists in a number of different industries: Energy, Information Technology, Automotive and Life Sciences. Her perceptive insight into technologies and business models for early stage companies has helped shape commercial success for her clients. Sonali’s global work experience has given her a keen eye for leveraging economic and regional efficiencies to develop profitable cross border alliances among companies operating in different sectors.
Prior to Augment Ventures, in 2005, Sonali founded Augment Capital LLC, a venture advisory practice, where she provided strategic advice to many seed and early stage companies in CleanTech and Information Technology. Through Augment Capital, she successfully helped her clients position their start-ups to secure over $20 million dollars in funding. These companies have further raised an additional $60 million in follow-on funding through national and international venture funds. Some of her successful clients include: Accuri Cytometers, AMI, Danotek Motion Technologies, Global Energy Conversion and NRG Dynamix.
Prior to forming Augment in 2005, Sonali worked in Mumbai with organizations such as Industrial Development Bank of India, PricewaterhouseCoopers, and Edelweiss Capital where she raised over $100 million for her clients and advised start-up companies from incorporation to fund raising to successful listing.
She holds an M.B.A. from the Symbiosis Institute of Business Management and a Bachelor of Science in Statistics from Fergusson College both in Pune, India. She is a recipient of Leaders and Innovators award by Grant Thornton (2008), Corp! Entrepreneur of Distinction Award (2011) and Top 10 Michigan Business Women awarded by The Greater Detroit chapter of National Association of Women Business Owners (2012). Currently, she serves as an advisor to a pre-seed fund run by students at University of Michigan Ross Business School.
Fund's investment verticals: software enabled hardware and physical and material science.