SACRAMENTO, Calif.--(BUSINESS WIRE)--Chuck Hansen, Managing Partner of Hansen Investment Holdings, LLC has joined the Investment Board of Moneta Ventures LLP.
Headquartered in Folsom, California, Moneta Ventures is a venture capital firm that invests in early stage companies with a focus on software and cloud services, IT services, internet and consumer services sectors.
Moneta Ventures invests between $50,000 and $2 million per investment with companies typically having annual revenues between $1 million and $5 million. While not restricted geographically, many of its funded companies are located in underserved markets on the U.S. West Coast.
“I’m delighted to join such an esteemed group of advisors at Moneta Ventures led by the highly talented and charismatic Lokesh Sikaria,” states Chuck Hansen, Hansen Investment Holdings. “While I knew of Lokesh’s previous success as Founder & CEO of Sparta Consulting, I first heard about his fund when our daughters talked about it at middle school. I took a look at some of their portfolio investments, like MindTickle!, 5th Planet Games, and Perkville, and thought I might be able to add some value.”
“Chuck’s background in IT and experience with start-ups were key factors in inviting him to join our Board,” states Lokesh Sikaria, Managing Partner, Moneta Ventures. “Our financial backing is only one component of helping young companies optimize growth and profitability. We also want to mentor and coach entrepreneurs, when needed.”
About Hansen Investment Holdings
Founded in 2007, Hansen Investment Holdings LLC, (“HIH”) is a family-based private equity fund led by Chuck Hansen, Managing Partner, investing in public and private companies, including investments in BitSpeed LLC (Torrance, California) and Electro Scan Inc. (Sacramento, California). Prior to starting his equity fund, Chuck was the former Chairman & CEO of Sacramento-based Hansen Information Technologies, a global IT provider of web portal and smartphone applications for state & local governments acquired by Infor Global in 2007 for $100 million.
