G20 Ventures

G20 Ventures is led by its three co-founders and general partners: Bill Wiberg, Mike Troiano, and Bob Hower. The trio operates as a flat, consensus-driven investment committee without a managing partner or junior deal-lead authority. Every investment decision requires agreement among all three, which the firm presents as a structural guard against dilution of conviction.

The firm sources almost entirely through personal and professional networks built during the partners' decades in Boston's enterprise-tech community. Wiberg's connections from Arbor Networks, Troiano's from Crimson Hexagon and his role as a venture partner at Actifio, and Hower's from his Advanced Technology Ventures tenure form the main referral funnels. G20 does not employ an outbound sourcing team and publicly states it rarely if ever invests in cold-inbound opportunities.

G20 targets seed and Series A rounds, writing initial checks in the $1 million to $3 million range. The firm reserves capital for selective follow-on investments in breakout companies but does not position itself as a lifecycle investor. Its model emphasizes concentrated initial positions in roughly 6 to 8 new portfolio companies per year.

The firm invests exclusively in B2B enterprise technology, with demonstrated activity across cybersecurity, industrial data and IoT platforms, cloud infrastructure, and applied AI for business processes. G20 has not disclosed investments in consumer internet, enterprise SaaS for non-technical verticals, life sciences, or hardware-heavy deep tech, keeping to information-science problems the partners understand from direct operator experience.

G20 raised its first institutional fund in 2016, transitioning from an earlier angel-syndicate structure into a committed-capital venture firm. The current model is a conventional early-stage VC partnership with limited partners, structured as a Delaware limited partnership, with standard 2/20 economics and a fixed investment period. It does not function as a rolling angel vehicle, a family office, or a deal-by-deal SPV platform.