New Stack Ventures

New Stack Ventures is excited to welcome Shilpa Reddy as our new VC Analyst! “We’re incredibly excited to have Shilpa join New Stack. Her experience, drive, and passion for finding and supporting high-growth startups make her a perfect fit for our team. I’m confident she’ll make an immediate impact and help us continue to deliver on our mission of investing in the next generation of disruptive companies.” – Nick Moran, General Partner With prior experience in venture capital, Shilpa has sourced and conducted due diligence on hundreds of healthcare, consumer, and enterprise startups. She has also worked closely with M&A clients to develop successful valuations, provide insights on growth opportunities, and identify acquisition targets. Shilpa graduated from The University of Texas at Austin, where she was heavily involved with incubators, accelerators, and product build teams. Her career journey has been marked by a clear dedication to understanding markets and emerging trends, making her transition to New Stack seamless. At New Stack, Shilpa will play a key role in sourcing and diligencing new investment opportunities. We are excited to have her on board and look forward to seeing her impact! Please join us in welcoming Shilpa Reddy to the New Stack team! Link to our full blog post here: https://lnkd.in/duAe2CuF

Big news! We're excited to announce our investment in Besolo's $1.5M pre-seed round. Besolo is revolutionizing self-employment with an all-in-one platform that empowers solopreneurs with benefits, tax savings, and more. Proud to support their mission to make self-employment sustainable and rewarding! 

We're thrilled to see Fluid named one of Forbes' 100 Startups to Watch in Asia! Their innovative B2B payments solution is making waves, serving thousands of SMEs in Singapore and Malaysia in just 1.5 years. Proud to be part of their journey!

Congratulations to OCN (onecarnow.com) on Raising $86 Million in Series A! We are thrilled to celebrate a major milestone for OneCarNow, a trailblazer in the Latin American startup ecosystem. Their recent $86 million Series A round is a testament to their innovative approach and the massive potential of their platform.

New Stack Ventures is excited to announce that Luke Skertich has joined the team as Principal! “We are thrilled to welcome Luke to New Stack Ventures. His fresh perspective, analytical skills, and passion for supporting entrepreneurs will be invaluable assets as we continue to invest in and support innovative founders building cutting-edge technologies.” - Nick Moran, General Partner Luke brings a wealth of experience and a fresh perspective to our team. Prior to joining New Stack Ventures, Luke invested in over 50 companies during his time at FJ Labs and M25. His ability to navigate the complexities of Marketplaces and SaaS businesses and his commitment to fostering strong relationships with founders have earned him a reputation as a rising star in the industry. "Getting to know Nick over the years has been a genuine pleasure,” said Luke Skertich, incoming Principal, “New Stack's investment ethos aligns with my own values and vision for the asset class. Joining forces with the team for Fund III and beyond was simply the natural next step, and I couldn't be more thrilled about the journey ahead. Returning to Chicago with my family adds an extra layer of excitement as I look forward to contributing to an incredible team!" At New Stack, Luke will play a critical role in sourcing and diligencing investment opportunities. We’re incredibly excited to have him join our team, so please join us in welcoming Luke Skertich to New Stack! For more, you can read our full blog post here: https://lnkd.in/gM-rTzVY

We're thrilled to be working with the team Light Frame to build a better system for private banks and wealth managers!

Andrew and I are excited to announce that Manifold has raised $1.9M to accelerate our mission to help Carriers increase their revenue by finding them better loads. This round was led by New Stack and Y-Combinator along with several angel investors. We can't thank you all enough for the support and look forward to continue building a great product for our customers. To learn more, checkout out www.manifoldfreight.com

This ex-Uber exec raised US$7 million for her fintech startup - all while being a mother to three children🤯 Everyone watched as the VC-fueled bubble around "Buy Now, Pay Later" (BNPL) companies started to burst a few years back. As startups like Affirm, Klarna, and AfterPay racked up massive losses on unpaid debts, investors started to realize that giving out $24.2 billion in unsecured loans to finance online shopping sprees might be a bad idea after all 😅 But one female founder discovered an opportunity in the chaos. In 2023, Trasy Lou Walsh founded Fluid - a Singapore startup that powers BNPL services to B2B online marketplaces, and businesses like Coca-Cola 🥤 Unlike consumers - businesses don't borrow money to make reckless impulse purchases. But they often need to take out short-term loans to finance their inventory purchases, before they collect cash from their customers. And these regularly deliver double-digit interest rates to lenders! Fluid instantly finances B2B purchases within 10 seconds on any B2B online marketplace, and internal ordering systems for suppliers and distributors. Despite starting a company amid a VC funding winter, in a vertical that many investors considered dead, Trasy continues to defy the odds. Within just a year of launching, Fluid has: 💵 Raised US$7 million in funding from Iterative, New Stack Ventures, and Insignia Ventures Partners 💰 ⁠Onboarded thousands of enterprise users, including The Coca-Cola Company Her advice to other aspiring female founders? There is no better place or time, than here and now. She says that Singapore's tech scene has fostered a growing community of "incredibly ambitious, thoughtful, and resilient" female founders. If you're interested in learning more about Fluid, or are keen to learn how you can invest as a lender, give Trasy a shoutout! 𝘛𝘩𝘪𝘴 𝘴𝘵𝘰𝘳𝘺 𝘪𝘴 𝘱𝘢𝘳𝘵 𝘰𝘧 𝘢𝘯 𝘪𝘯𝘪𝘵𝘪𝘢𝘵𝘪𝘷𝘦 𝘐 𝘴𝘵𝘢𝘳𝘵𝘦𝘥, 𝘵𝘰 𝘴𝘱𝘰𝘵𝘭𝘪𝘨𝘩𝘵 𝘶𝘯𝘥𝘦𝘳𝘳𝘢𝘵𝘦𝘥 𝘧𝘦𝘮𝘢𝘭𝘦 𝘧𝘰𝘶𝘯𝘥𝘦𝘳𝘴 𝘢𝘧𝘵𝘦𝘳 𝘢 𝘳𝘦𝘤𝘦𝘯𝘵 𝘭𝘪𝘴𝘵 𝘰𝘧 "𝘚𝘪𝘯𝘨𝘢𝘱𝘰𝘳𝘦'𝘴 20 𝘏𝘰𝘵𝘵𝘦𝘴𝘵 𝘚𝘵𝘢𝘳𝘵𝘶𝘱𝘴" 𝘧𝘦𝘢𝘵𝘶𝘳𝘦𝘥 𝘰𝘯𝘭𝘺 2 𝘸𝘰𝘮𝘦𝘯 😥 𝘍𝘦𝘮𝘢𝘭𝘦 𝘧𝘰𝘶𝘯𝘥𝘦𝘳𝘴 𝘥𝘰𝘯'𝘵 𝘴𝘱𝘦𝘯𝘥 𝘦𝘯𝘰𝘶𝘨𝘩 𝘵𝘪𝘮𝘦 𝘣𝘳𝘪𝘯𝘨𝘪𝘯𝘨 𝘷𝘪𝘴𝘪𝘣𝘪𝘭𝘪𝘵𝘺 𝘵𝘰 𝘵𝘩𝘦𝘪𝘳 𝘸𝘰𝘳𝘬 - 𝘴𝘰 𝘐'𝘷𝘦 𝘥𝘦𝘤𝘪𝘥𝘦𝘥 𝘵𝘰 𝘥𝘰 𝘪𝘵 𝘧𝘰𝘳 𝘵𝘩𝘦𝘮!

Congratulations to Joshua Snead & the Rainwalk Technology team on the new round of funding to remake the pet insurance market!