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Chris Adelsbach: Championing Fintech and Early-Stage Innovation Chris Adelsbach is an influential figure in the world of fintech and startup investment. As a prolific angel investor and venture capitalist, he has been at the forefront of nurturing early-stage companies, helping them grow and thrive in the competitive tech landscape. Through his role as Managing Partner at Outrun Ventures, Chris has supported a diverse portfolio of fintech innovations across the globe. Assessing Chris Adelsbach's GT Index: Resources Available: Industry Expertise: 8.5/10 With extensive experience in the fintech sector, Chris has a deep understanding of financial technology, markets, and early-stage company growth. His knowledge and foresight have been instrumental in helping startups scale quickly in the highly regulated and dynamic world of finance. Network and Mentorship: 8/10 Chris is highly connected within the startup and investment communities, particularly in Europe. His network of entrepreneurs, investors, and financial institutions provides him with a strong platform to support new ventures, though there's always potential to expand globally. Average Resources Score: (8.5 + 8) / 2 = 8.25 Fortune Made: Investment Success: 8.5/10 Chris has made successful investments in multiple fintech companies that have gone on to become industry leaders. His track record includes notable exits and returns, positioning him as a key player in the fintech investment ecosystem. Market Impact: 8/10 His work has not only been lucrative but also impactful, contributing to the rapid evolution of the fintech space. From neobanks to payment processors, Chris has invested in companies that have changed how financial services operate, driving both profitability and innovation. Average Fortune Score: (8.5 + 8) / 2 = 8.25 GT Index Calculation: GT Index = Fortune Made / Resources Available GT Index = 8.25 / 8.25 = 1.00 Inspiration and Legacy: Chris Adelsbach’s journey exemplifies the power of believing in early-stage innovation. By championing fintech startups through Outrun Ventures, he has contributed to the reshaping of the financial services landscape. His legacy continues to inspire entrepreneurs and investors alike to push boundaries and redefine traditional systems. Chris Adelsbach, Managing Partner at Outrun Ventures, is a visionary in fintech investment, inspiring a generation of entrepreneurs to innovate and lead the financial sector into the future. #Fintech #Investment #StartupGrowth #OutrunVentures #ChrisAdelsbach #Innovation

Molten Ventures writes up Revolut stake by 20% Molten Ventures has written up the value of its stake in British fintech Revolut as the investment firm’s annual report shows the total value of its portfolio has grown to £1.38bn. Molten Ventures said it now values its stake in Revolut at £65.1m, a 20% year-over-year increase as of March 2024, but still down on the £91.3m value it ascribed to its stake in 2022. The venture capital firm also made an additional £4m investment into Revolut during its latest reporting period. The London-listed VC firm backed Revolut during its $250m (£196m) Series C round in 2018. Revolut’s last publicly shared valuation stood at $33bn in 2021. An investment trust managed by Schroders wrote up the value of its stake in Revolut by 45% in April, in a further sign that investors are once again warming to one of Britain’s biggest fintech companies. The Molten Ventures report also revealed it has slashed the value of its stake in semiconductor company Graphcore by 45%, down from £37.2m in 2023 to £20.6m. It comes amid speculation that the Bristol-based firm is in talks about being acquired. Other firms in Molten’s portfolio include quantum computing company Riverlane, fintech Thought Machine and digital training platform CoachHub. Molten Ventures invested £65m during the year ended 31 March 2024. The company said the weighted average revenue growth of its core portfolio is expected to be over 50% for the calendar year 2024. “This has been a productive year for Molten. We’ve continued to enhance our innovative platform to capture the exceptional investment opportunities available in backing high growth, disruptive, UK and European technology firms,” said CEO Martin Davis. “The underlying performance of our portfolio companies remain strong, with valuations continuing to stabilise as the macroeconomic environment shows signs of improvement.” In its last report, the VC revealed its portfolio value had dropped by nearly £200m. The firm’s current portfolio value remains around 10% less than in 2022. Subscribe for more news https://lnkd.in/d94JgWBU Source UK Tech #fintech #venturecapital #banking

🚀 Vesey Ventures: Transforming Fintech with a $78M Debut Fund🌐💡 Dana Eli-Lorch, Lindsay Fitzgerald, and Julia Huang, former managing directors of Amex Ventures, embarked on a new journey with Vesey Ventures in early 2022. Now, their vision has materialized into a $78 million debut fund, signaling a bold move in the fintech space. 🌍 💰Mission Unveiled: Beyond the Traditional Vesey Ventures, named after the street that American Express calls home, is not your typical venture firm. The trio brings a decade of expertise, having invested in over 50 fintech giants like Stripe, Plaid, Melio, and Trulioo. Their unique approach involves issuing bespoke "Strategy Sheets," intending to act as a startup's first business development team, going beyond mere term sheets. 🔎Broad Horizons of Fintech Based in the U.S. and Israel, Vesey Ventures defines fintech expansively. From consumer to B2B, vertical software, embedded fintech, to the infrastructure layer, they explore it all. 💵The fund has already backed five startups, including Coast, Cyrus, Grain, Equi, and Proper AI. 🤝Bridging the Gap The founders emphasize the importance of superior business development strategies, recognizing it as a necessity in the fintech realm. Vesey Ventures aims to bridge the gap between companies seeking new technologies and startups developing them. 💡 🦄Long-Term Bullish Stance Despite recent fintech turbulence, Vesey Ventures maintains a "long-term bullish" stance. Julia Huang highlights the cyclical nature of the industry, where challenges breed innovation. 🔄💼 🏦Israel's Hub of Innovation Vesey intentionally positions itself in Israel, a thriving tech hub. The partners believe in Israel's potential for fostering fintech, enterprise software, cybersecurity, and data-focused companies. The goal? To aid Israeli startups in expanding and commercializing in the U.S. 🧐LPs and Future Outlook While Vesey Ventures remains discreet about its LPs, it hints at seven prominent financial institutions, founders, executives, family offices, and institutional investors being part of the journey. The future looks promising for Vesey Ventures, a testament to its strategic vision and commitment to transforming financial services. 🚀🔍 ✅ Looking to raise capital for your #fund and increase the international pool of #investors? Need warm #LP introductions?   📝 Selling #secondaries to increase liquidity? Looking for buyers of #startup shares? #LPs shares for sale? #GP stakes for sale?   ▶ For inquiries and free consultations on how G+QUANT can assist, please contact Jasmina Ibrahimagic at jasmina@gplusquant.com       #VentureCapital #VentureFunding #VentureDebt #Fundraising #Innovation #Technology #Entrepreneurship #Investing #Network #Investors #LPs #GPs #EmergingManagers #FamilyOffice #Markets #Economy #Business #Founders #Startups #StartupFunding #ai #artificialintelligence#unicorn #secondaries #secondarydeals

New Post: Early-stage fintech startups just got more funding sources - Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. We wish you and your families a very Happy New Year! If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! And just a heads-up that while the newsletter will continue moving forward, starting next week we’ll have a brand-new name and a different look. Stay tuned! New funds We started the year with news of a couple new venture funds that will be writing checks into fintech startups. First up, I scooped the news that former Anthemis Group partner Ruth Foxe Blader has started her own firm, Foxe Capital. Joining her in the new venture, which will also be exclusively fintech-focused, are former Anthemis investment associate Kyle Perez and former principal Sophie Winwood. I had the pleasure of interviewing Ruth at TechCrunch Disrupt 2022 and was impressed with her knowledge and insights around venture capital. So it wasn’t a surprise that she wanted to branch out and invest independently. What was a bit unusual about the move, though, is that she will still be investing on behalf of Anthemis, at least for the first year, essentially deploying the rest of the capital of the vehicle she was hired to manage in 2017. She’ll be compensated by Anthemis as a sub-adviser. Whether the firm will back her as an LP when she starts making new investments is unclear. While she didn’t say, I suspect she was bound by contractual obligations, so this arrangement worked around those. London-based Anthemis has had its fair share of upheaval over the past year. Last April, TechCrunch broke the news that Anthemis had completed a restructuring that resulted in its letting go of 16 employees, or about 28% of its staff. A spokesperson for the company at the time said the move was an effort “to better reflect current market conditions and to set up the business for future growth” against its “strategic priorities.” Sources familiar with internal happenings at the firm told me then that there was plenty of drama going on behind the scenes, including allegations of mismanagement on the part of the firm’s leaders and inflated salaries. When asked if her departure had anything to do with what was going on internally at Anthemis, Blader told me: “My decision was based on my desire to try my hand at running my own firm, my personal ambition level and my love for working closely with founders.” I also wrote about Exponent Founders Capital closing on its $75 million second fund. It was a fun story to write considering I’d been familiar with Charley Ma, one of the firm’s co-founders and managing partners, when he worked at Alloy and also while he was an angel investor. He and Mahdi Raza quietly co-founded Exponent in 2021 and invested in about 40 companies out of their first $50 million fund. It’s interesting that the two actually first

8i Ventures Exits M2P Fintech With 12X Returns 8i Ventures Exits M2P Fintech: Early-stage VC firm 8i Ventures exits M2P Fintech with 12X returns in 4.5 years, investing INR 9.7 Cr and exiting for INR 115.9 Cr. Strong ROI: The exit generated a 131% Internal Rate of Return (IRR) and fully returned the capital of 8i Ventures’ Fund I, launched in 2019. M2P Fintech’s Growth: M2P Fintech, an API infrastructure provider for fintech businesses, recently raised INR 850 Cr in a Series D round at a valuation of INR 6,500 Cr. Strategic Move: The exit aligns with 8i Ventures’ strategy to return capital and reinvest in early-stage companies, focusing on fintech and e-commerce sectors. Next Steps: The VC firm will focus on its $50 Mn second fund and its new seed funding program ‘Origami’ for pre-seed startups. Read More: https://lnkd.in/gPHcDT2n

WHAT A WAY TO START THE WEEK 🤩 🚀 💰 11:FS has announced its plans to launch 11:FS VC with a view to change the FABRIC of financial services. 👏 The accelerator will leverage their AWARD-WINNING in-house consultancy to offer MORE than just money to ambitious startups looking to break new ground. 👨💻 New Head of VC, Jamie Campbell, commented: “11:FS is the perfect place to launch a world-leading fintech accelerator. All fintech founders face challenges: go-to-market planning, customer acquisition, scaling with partners, technology sourcing and building, accessing good market intelligence, navigating regulation, and accessing funding. 11:FS VC is where the solution to all those pinch points converge. Graduates of our program will leave with some seriously unfair advantages.” Find out more about 11:FS VC on the link below! 👇 David M. Brear Garrick Douthwaite Jason Bates Adam Baldwin Mariette Ferreira Jo Wright Ewan Silver Shaun Meadows Dave Morris David Barton-Grimley Garrick Douthwaite Laura Watkins #11fs #venturecapital #fintech #fintechnews #digitalfinance #techincubator #techaccelerator #fintechaccelerator #fintechcommunity #digitalfinance #startups #consultancy #startupecosystem #financialservices

#fintech | #startups : Startups sync and swim with new #investors . Startups witness a shift in investment trends. Domestic investors, family offices, and public market investors actively back ventures. Investment landscape changes as global funds retreat, and founders turn to investment banks for funding.  .. Read more at: https://lnkd.in/g5nT48me #startup #startupfunding #venturecapital

Fintech startup Ramp raises $150 million as valuation recovers Ramp, a developer of finance and expense management software for companies, has raised $150 million in a funding round led by Khosla Ventures and Founders Fund, the company said on Wednesday. The funding valued Ramp at $7.65 billion, marking a recovery of its valuation from $5.8 billion in the last round in August 2023. Like many other fintech startups, Ramp hit its valuation peak of $8.1 billion in a funding round in 2022 amid the low-interest rate environment when venture capital was ample for private companies. It also marks a rare late-stage bet by Khosla Venture, which recently recruited Keith Rabois, a long-time investor in Ramp from Founders Fund. Rabois will keep his board seat at Ramp. New York-based Ramp started as a corporate card provider and now has expanded into expense and finance management tool for businesses. It competes with startups such as Brex, as well as public companies like American Express, and SAP-owned, Concur. New investors including Sequoia Capital and Greylock also participated in Ramp's latest funding round. The company plans to invest the capital into growing its 730-person team across the U.S. and adding more AI capabilities to help companies manage and monitor spending and save money, as well as eyeing acquisition opportunities. "I think many in the industry are slowing down their pace of the product innovation. Having the balance sheet to continue investing in hiring and making strategic acquisitions is important to us," Ramp CEO Eric Glyman said in an interview. The company did not disclose its revenue, but said its revenue growth rate is accelerating compared to last year, both from corporate cards spending and selling management software. Last summer, Ramp said it has surpassed $300 million in annualized revenue at a growth rate of more than 100%. It serves companies such as Shopify, and Webflow. Source Reuters #fintech #fundraising #payments

Summary: Coast, a four-year-old fintech startup, has raised $25 million in equity and $67 million in debt financing for its expense management software tailored to fleet operators. The company has seen significant growth in revenue and payment volume, and its niche focus on real-world businesses with fleet management needs sets it apart from competitors. Key takeaways: Coast's target customers are businesses with real-world field personnel and fleets, such as trucking companies and delivery services. The company differentiates itself by providing detailed data on vehicle expenses and offering features that cater to niche industries. Coast's revenue comes from interchange fees and a flat subscription fee for actively used payment cards, as well as rebates for fuel purchases and partnerships with major retailers. Counter arguments: While Coast's niche focus may be beneficial for certain industries, it limits its potential customer base compared to competitors targeting tech startups and large corporations. The company faces a crowded market with well-funded players like Brex and Ramp, as well as established players in the fleet management space. #venturecapital #startups #earlystage

Seasoned investor Anthony Danon has launched Rerail, a fund targeting fintech and fintech-adjacent startups globally Anthony Danon, a seasoned #investor with a decade of experience in the #VC industry, has launched Rerail, a new early-stage fund targeting #fintech and fintech-adjacent startups globally. After co-founding Cocoa 🍫 with Carmen Alfonso Rico and making 35 investments together, Danon has decided to focus exclusively on fintech with his new fund. Rerail has a target of $20 million and has already surpassed that with a first close of approximately $20.5 million, expecting to raise a bit more before the final close. The fund's limited partners are predominantly founders and operators, aligning with Danon's strategy to leverage a network of industry insiders to support emerging startups. Institutional investors are also part of the investor base, providing additional support and resources. Danon's extensive background includes roles at Anthemis Group, where he was involved in TrueLayer's seed round, and as a partner at Speedinvest, focusing on fintech investments like Primer and Wayflyer. With Rerail, he plans to invest between $200,000 and $500,000 per company, concentrating on pre-seed and seed-stage fintech ventures without geographical limitations. Emphasizing a collaborative approach, Danon aims to offer more than just capital to founders. He believes in learning from entrepreneurs and providing valuable advice and connections without asserting undue influence. Rerail has already made its first investment, although details remain undisclosed at this time. The article on TechCrunch in the first comment.