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.
Average disclosed round size is $10.7M (across 14 rounds with reported amounts).
Portfolio
11
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Team
JD
Joe D
Managing Director
JD
Joe Del Guercio
Managing Director
RJ
Robert J. Flanagan
Managing Director
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
14 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Ceros | Series C | $14M | Jan 2019 |
 Echo360 | Series C | $18M | Nov 2014 |
| AAnyPresence | Series B | $6M | Sep 2014 |
 Quad Learning | Series B | $10M | Apr 2014 |
| Ceros | Series B | $6.2M | Apr 2014 |
 Speek | Series A | $5.1M | Jan 2014 |
| AAnyPresence | Series B | $2M | Aug 2012 |
| OOgmento | Unknown | $3.5M | Jan 2011 |
| OOgmento | Series A | $3.5M | May 2010 |
| AAldagen | Series C | $9M | — |
| PPrestwick Pharmaceuticals | Series C | $60M | — |
| SSvelte Medical Systems | Unknown | $5M | — |
| RReelGenie | Seed | $850K | — |
 TerraGo | Series A | $6.3M | — |
Top Co-Investors
Grotech Ventures4 shared
SWaN & Legend Venture Partners2 shared
Silicon Valley Bank2 shared
Sigma Prime Ventures2 shared
StarVest Partners2 shared
Greycroft2 shared
MentorTech Ventures1 shared
New Enterprise Associates1 shared
ECMC Group1 shared
New Markets Venture Partners1 shared
Longitude Capital1 shared
Atlas Venture1 shared
Sofinnova Partners1 shared
Warburg Pincus LLC1 shared
Vivo Capital1 shared
Middleland Capital1 shared
Militello Capital1 shared
In-Q-Tel1 shared
Runway Growth Capital1 shared
Revolution Growth1 shared
Last updated: 20 October 2026