In 2019, our team came together to build L37: a hybrid VC/PE firm that supports founders from day one. Our goal was to back entrepreneurs for the long-term, and we designed our flagship "evergreen" fund Annapurna to align with that vision. Annapurna is open-ended, unlike traditional 10-year funds, allowing us to create long-term value for our entrepreneurs and provide exceptional returns for our LPs.
Since then, we have had the opportunity to work with some of the most daring entrepreneurs who are shaping industries. Kara is re-defining culture at Riff. Chris and James are making sustainable meat available to all. Brian is optimizing our supply chain globally. What makes them different is that they all have unique points of view about our world, and work tirelessly to make their visions a reality.
Today’s ecosystem has worked against some of the best builders we have seen: access to capital is fundamentally broken, along with access to resources that actively increase an entrepreneur’s chances of success. For investors, it is still extraordinarily challenging to find, fund and support the builders of tomorrow.
From day one, we have been re-imagining how to better solve this, and we’re excited to finally share the next chapter for L37: Everest, a financial technology and services company to provide 360º solutions to entrepreneurs and investors throughout their journey.
The journey starts at Basecamp: a marketplace providing seamless access to financing innovative companies and funds, including VC, growth equity, real estate, hedge, and debt. It is the natural next step to what we started at L37, allowing us to scale by bringing on the best alternative investment managers globally to our platform.
We are solving one of the biggest challenges in the industry for entrepreneurs and investors: Access. Access to seamless financing. And access to companies and alternatives.
Access is just the beginning. Our goal is to build products and services that support entrepreneurs throughout their company’s growth cycle, which is why we’re also excited to introduce Everest Advisory. This opens the door to new ways in which we work with founders and executive teams, enabling us to provide crucial strategy and investment banking services to help scale companies to the next level.
Whether you’re an entrepreneur building a category-defining company, or an investor searching for the builders of tomorrow, we would love to hear from you. Welcome to Everest.