Business & Real Estate

Sacramento venture capital firm adds partner

Moneta Ventures, one of the Sacramento area’s leading venture capital firms, has added another partner.

Vaibhav Nadgauda, a veteran of the technology industry, has signed on as a partner at the Folsom venture capital firm, which has emerged in the past year as one of the top tech investors in the region.

“His wealth of technology experience, knowing what it takes to scale an organization, along with a global perspective, will prove invaluable to our current portfolio companies,” said managing partner Lokesh Sikaria in a press release.

Moneta’s portfolio includes five Sacramento-area companies. It has raised $25 million from such investors as Kevin Nagle, an El Dorado Hills pharmaceutical executive and lead investor in the Sacramento Republic FC soccer team.