US Venture Partners adds Dafina Toncheva to focus on software investments


Early stage VC firm US Venture Partners (USVP) has named Dafina Toncheva as partner focusing on enterprise, SaaS and security software investments.

“These are segments in which we have traditionally thrived and where recent wins, like Guidewire, Imperva and Yammer have provided our LPs with excellent returns,” said Steve Krausz, USVP general partner.

“We want to back companies in sectors that we are used to dominating, while we simultaneously expand into exciting new markets.

“Hiring the best talent is the primary way we can ensure our track record of success.”

Toncheva joins from Tugboat Ventures, where she was a principal investor since 2010.

Prior to that, she spent two years at Venrock where she helped expand the firm’s software investments in the areas of SaaS, virtualisation, security, infrastructure and enterprise applications with investments such as Cloudflare and Aria Systems.

“This business is all about building a great team. Dafina is a rising venture star and we are thrilled she is joining us. We fully expect her to become a major contributor to the firm,” addedRick Lewis, general partner at USVP.

“She brings a terrific combination of successful operating and investing experience in high growth technology companies.

“Dafina understands entrepreneurs and has a proven ability to help them grow great companies, a quality that is the hallmark of the USVP team.”

Prior to becoming a venture investor, Toncheva held roles in development and product management at Microsoft and focused on authentication systems, digital signatures and business workflow.

She worked on MSN Live ID and MS Office, and co-authored several key patents.

USVP is currently investing its $630m tenth fund, and recently led a series C financing for premium content video network ZEFR (formerly known as MovieClips).

In July its portfolio company Yammer was purchased by Microsoft for $1.2bn.

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