CI
CNF Investments, LLC is a private investment firm and family office affiliated with Clark Enterprises, Inc. Founded in 1997 and based in Bethesda, Maryland, CNF invests in venture capital and private equity opportunities across technology, healthcare, oil & gas, and other sectors.
Their most common stage is series-c (60% of deals). Average disclosed round size is $28.2M (across 5 rounds with reported amounts).
Portfolio
5
Fund Size
—
Top Stage
Series C
Last 12 Mo
0
Team
JD
Joe D
Managing Director
JD
Joe Del Guercio
Managing Director
RJ
Robert J. Flanagan
Managing Director
SZ
Sara Zulkosky
Principal
Portfolio Breakdown
Stage Distribution
Investment Activity
DealsAvg Round Size
Portfolio
5 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Quad Learning | Series B | $10M | Apr 2014 |
| AAnyPresence | Series B | $2M | Aug 2012 |
| PPrestwick Pharmaceuticals, Inc. | Series C | $60M | — |
| AAldagen | Series C | $9M | — |
| PPrestwick Pharmaceuticals | Series C | $60M | — |
Top Co-Investors
Atlas Venture2 shared
Sofinnova Partners2 shared
Warburg Pincus LLC2 shared
Vivo Capital2 shared
MentorTech Ventures1 shared
New Enterprise Associates1 shared
ECMC1 shared
SWaN & Legend Venture Partners1 shared
New Markets Venture Partners1 shared
Longitude Capital1 shared
Grotech Ventures1 shared
Last updated: 9 September 2026