Blue Cloud Ventures

Blue Cloud Ventures (BCV) is a software-focused growth equity venture capital firm headquartered in New York City, with an additional office in Miami. Founded in 2012 by Rami Rahal, Mir Arif, and Joel Lou, BCV manages approximately $350 million in assets under management across five funds, having raised four funds totaling over $500 million. The firm concentrates on late-stage cloud software companies generating $10 to $50 million in annual revenue that are expected to reach exit within three to five years. Rahal was named to Forbes '30 Under 30' in Venture Capital in 2016. BCV leads growth rounds and has built a portfolio of 48 companies including 9 unicorns — among them Arctic Wolf, Pax8, and CloudBees — along with 2 IPOs and 22 acquisitions. Weave went public on the NYSE at a $1.51 billion market cap in November 2021, and Paradox Technologies was acquired by Workday in August 2025. Other notable portfolio companies include Clari, Druva, Go1, Iterable, NGINX, Templafy, and Wrike. Recent transactions include leading a $25 million Series D for Forethought AI and a $35 million growth round for Ninety. Blue Cloud Ventures differentiates by offering flexible terms on investment size, ownership requirements, board representation, and exit horizon — a posture that makes it an accessible partner for software companies at the growth stage. The team of 14, including 5 partners, evaluates SaaS, infrastructure, and open source software companies with a disciplined lens on revenue quality, net retention, and time-to-exit, providing founders with capital and strategic support calibrated to the specific needs of companies preparing for public markets or acquisition.