Andover Ventures

Andover Ventures is a Philadelphia-based venture fund founded in 2019, investing in early-stage software-enabled startups from pre-seed through Series A. Led by Chief Investment Officer Eric Minnick, the two-person team is sector-agnostic but carries particular depth in software development and financial technology — backgrounds that shape how the firm evaluates and supports founders. The fund operates as a co-investor alongside larger funds, angel groups, and family offices rather than leading rounds independently. Andover has deployed capital across seven investments with one exit — Beastcoast, realized in December 2024 — and most recently backed Lantern Finance at the pre-seed stage in February 2025. Check sizes range from $100K to $1 million, targeting fintech, software, and SaaS companies across the United States. The portfolio reflects a range of stages within the early-stage bracket, from pre-product through early-growth. Andover Ventures is built for the co-investment model: the fund is deliberately sized and positioned to move quickly alongside lead investors, filling round allocations with conviction rather than requiring syndicate leadership. For founders raising pre-seed and seed rounds in software and fintech, the firm brings direct operating expertise in both disciplines, along with a Philadelphia-rooted network that complements the more established coastal technology ecosystems.