# G20 Ventures

G20 Ventures is a Venture Capital based in Boston, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 2013
- **Assets under management:** Undisclosed
- **Website:** www.g20vc.com
- **LinkedIn:** https://www.linkedin.com/company/g20-ventures

## Regulatory record

- **Reports private funds:** No

## About

G20 Ventures is the capital partner that helps new businesses grow with smart money, great storytelling, and the right connections. It is a human scale VC firm on its fourth fund, with experience across hundreds of deals at every early stage. The firm helps entrepreneurs use capital to grow efficiently, create or improve their story, and tap a community of entrepreneurs, operators, and investors. It invests everywhere but is active in the Boston startup community.

## Sectors

- Enterprise Software
- AI/ML
- Industrial Tech
- Cybersecurity
- Digital Health

## People

- Bill Wiberg — Co-Founder & General Partner
- Mike Troiano — Co-Founder & General Partner
- Bob Hower — Co-Founder & General Partner

## Questions

### Who runs investment decisions at 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.

### How does G20 Ventures source its deals?

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.

### What stage and check size does G20 Ventures target?

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.

### Which sectors does G20 Ventures focus on, and which does it avoid?

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.

### Does G20 Ventures operate as a traditional venture fund or something else?

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.

## Related profiles

- [G1 Venture Capital](https://altss.com/profile/g1-venture-capital)
- [G2 Capital](https://altss.com/profile/g2-capital)

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Last updated: 2026-08-11T15:06:49.768Z

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