Boost VC is an early stage venture capital firm with $200m AUM+, investing in deep tech: aerospace, VR/AR, energy, climate, robotics, crypto, bio/health, AI/ML & more. Boost VC leads the first round of $2M or less.

Boost VC

Pantera Capital is an investment firm focused exclusively on Bitcoin, other digital currencies, and companies in the space. The company believes that Bitcoin has the potential to transform the way people use money and that it will do for payments what the Internet has done for communications and commerce. Until 2014, Pantera focused on global macro hedge fund investments. The firm was founded in 2003 by Dan Morehead, who was a chief financial officer and head of Macro Trading at Tiger Management. The firm has since shifted its investment advisory services to focus exclusively on Bitcoin, other digital currencies, and companies in the space. Shareholders include Benchmark, Fortress Investment Group, and Ribbit Capital.

Pantera Capital

The Whittemore Collection specializes in seed-, early-stage venture, private equity, debt financing, and secondary market investments.

The Whittemore Collection

FSV provides insights and capital to entrepreneurs re-inventing the multi-trillion dollar financial services industry and building innovative companies, strong brands, and world-class teams. FSV primarily makes early stage investments but will also consider promising growth stage investments.

Fenway Summer Ventures

Solon Mack Capital

Nyca Partners is a venture capital and advisory firm that focuses on the fintech sector. The firm connects innovative companies to financial institutions and technology companies as well as expert individuals as investors and advisors. Nyca Partners was founded in 2014 and is headquartered in New York, United States.

Nyca Partners

Pivot Investment Partners is a team of CEO-level operating executives who have grown and transformed financial services businesses around the world. It shares deep experience in markets where information, technology, and scalable processes are critical drivers of success. It works closely with a select set of high-potential financial services and FinTech companies, investing our operating expertise and capital in their success and accelerated growth. Each of its engagements is tailored to company-specific needs, including access to broader pools of capital. All of its partnerships are underpinned by a shared passion for building distinctive, innovative, and customer-centric businesses.

Pivot Investment Partners

Kleiner Perkins is a venture capital firm specializing in investing in early-stage, growth, and incubation companies. The firm continues that legacy, investing in founders with bold ideas that span industries and continents, partnering with them from inception to IPO and beyond to maximize the potential of their ideas. They also focus on early computer firms using their devices and programming and service companies. It also invests in the digital, life sciences, and healthcare industries.

Kleiner Perkins

Recruit Strategic Partners is a venture capital firm that invests in innovative startups from all around the world. It is a corporate venture capital arm of Recruit Holdings that seeks to invest in education and financial technology, digital healthcare, and infrastructure sectors. It was established in 2008 and is headquartered in Tokyo, Japan.

Recruit Strategic Partners

Digital Currency Group builds and supports bitcoin and blockchain companies by leveraging insights, network, and access to capital. Based in Stamford, Connecticut, DCG has been an active seed investor in the digital currency industry with 150+ investments in over 30 countries. In addition, DCG owns and operates CoinDesk, the top media and events platform in the blockchain space, Genesis Trading, the industry's leading bitcoin brokerage firm, and Grayscale Investments, the largest digital currency asset management firm.

Digital Currency Group

GV supports innovative founders moving the world forward. We invest across the life sciences, consumer, enterprise, crypto, climate, and frontier technology sectors. With Alphabet as a sole limited partner, GV operates on long time horizons and deals in decades, not rounds. Our operating partners support startups at the earliest stages of company-building across design, equity, diversity & inclusion, talent, and engineering. We also help startups interface with Google, providing unique access to the world's best technology and talent. Launched as Google Ventures in 2009, GV has over $8 billion in assets under management and 400 active portfolio companies across North America and Europe. Notable investment outcomes include Uber, Nest, Slack, GitLab, Duo Security, Flatiron Health, Verve Therapeutics, and One Medical. GV is headquartered in the San Francisco Bay Area, with offices in Cambridge, New York, and London.

Google Ventures

Silicon Valley Bank works with technology, life science, cleantech, venture capital, private equity, and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment, and international banking services to its clients worldwide through 27 U.S. offices and seven international operations.   Banking innovative companies and exclusive wineries, Silicon Valley Bank’s diverse financial services, knowledge, global network, and world-class service increase its clients’ probability of success. Forbes Magazine ranks SVB among America’s Best Banks, and Fortune Magazine named SVB one of the Best Companies to Work For in 2012.

Silicon Valley Bank

NAB Ventures is an Australian Venture Capital fund backed by National Australia Bank (one of the largest 20 banks globally).

NAB Ventures

SBI Investment supports the business development and growth of private venture companies through fund investment. It manages and manages venture capital funds under the management philosophy of becoming a leading company responsible for the creation and development of core industries in the 21st century as a ''new industry creator''. SBI Investment has invested in a total of 986 companies in the past, of which 169 (17.1% of investment companies) have exited through IPO or M & A.

SBI Investment

SVB Capital is a venture capital investment arm of [SVB Financial Group the](/financial-organization/svb-financial-group) holding company of Silicon Valley Bank. SVB Capital specializes in fund of funds and direct investments. Within fund of funds, the firm invests predominantly in top brand firms with a small allocation to smaller VC firms. For direct investments, it seeks to co-invest in equity rounds sponsored by other venture capital firms. The firm prefers to invest in the technology sector in the United States. SVB Capital was founded in 2000 and is based in Palo Alto, California.

SVB Capital

Firestartr helps the most promising digital entrepreneurs take their companies from seed stage to Series A and beyond.  Beyond providing capital, they draw on their entrepreneurial successes and senior operational experience with leading technology companies to support sustainable growth in their portfolio. Their deep domain expertise, combined with an unrivalled network of advisors, enable us to make meaningful connections at the right time and propel companies with hands-on support.

Firestartr

FarSight Ventures is an investment and advisory firm.

FarSight Ventures

Fenbushi Capital is the first and most active blockchain-focused venture capital firm in Asia.  Founded in Shanghai in 2015 by veterans across both blockchain and traditional financial industries, it has to date supported over 80 leading projects across 4 continents leveraging blockchain technology to reshape myriad industries such as finance, healthcare, supply chain, and consumer goods.  Fenbushi’s mission is to drive healthy and sustainable growth in the global blockchain ecosystem, and actively works as a long-term strategic partner to its portfolio projects.

Fenbushi Capital

Alumni Ventures Group provides high-quality, diversified venture portfolios to individual investors who previously haven't had access to VC. It helps accredited alums from top entrepreneurial schools invest together in the ventures of fellow alums. The firm backs companies with an alumni connection and an institutional lead investor with expertise in the space. AVG also offers focused funds that allow any accredited investor access to a venture portfolio, diversified by type, sector, stage, and geography. Beth Obermiller, Michael Madden, and Mike Collins co-founded the firm in Manchester, New Hampshire in 2013.

Alumni Ventures

Global Forward Capital is a multi-stage investment firm specializing in cybersecurity and global markets. Founded in 2017 as Trend Forward Capital, the firm was renamed in 2023 to reflect the expansion of the firm’s mission to include global private equity investments, the opening of headquarters in Singapore and the team’s unique experience in global cybersecurity markets.

Global Forward Capital

Bay Hill Capital Management is an investment management firm dedicated to quantitative research, trading, and risk management. It previously managed a multi-strategy volatility hedge fund and is currently the owner of Bay Hill Capital Advisors, a CTA managing a quantitative commodity futures trading strategy.  Bay Hill also develops quantitative proprietary strategies and advises and owns various asset management companies.

Bay Hill Capital Management

BYVP invest in high impact founders building market transforming and category-leading companies

BY Venture Partners

Sixty Degree Capital is a North American VC that invests in companies creating meaningful change in their industries, across sectors (software, digital infrastructure, healthcare, biotech) and across stages (as early as Series A, as late as pre-IPO). The firm has a global investment mandate, but currently focuses on the US market.

Sixty Degree Capital

Veem

Veem is a payment service provider that helps simplify the way businesses send and receive funds. It offers a platform that enables small businesses to send and receive payments in local currency. Using blockchain as a payment rail, the company eliminates the need for intermediary banks, reducing costs for small- and medium-sized businesses. It converts the sender’s funds into bitcoin, selling the digital currency at an exchange for the desired currency of the recipient. Aldo Carrascoso and Marwan Forzley co-founded the company in 2014 and is headquartered in San Francisco, California.

<div>Veem offers a domestic and cross-border accounts payable (AP) and receivable (AR) platform. Its AP solutions include invoice data capture, automated approval workflows, payment execution, as well as payment tracking, reporting, and reconciliation. Veem supports payouts in over 70 currencies across more than 100 countries (as of December 2022) in several methods (Veem wallet, ACH transfers, checks, and cards).&nbsp;</div>

Platforms, apps, and cards to keep the corporate wallet in check

Business Expense Management

<div>
 
 Veem offers a domestic and cross-border accounts payable (AP) and receivable (AR) platform. Its AP solutions include invoice data capture, automated approval workflows, payment execution, as well as payment tracking, reporting, and reconciliation. Veem supports payouts in over 70 currencies across more than 100 countries (as of December 2022) in several methods (Veem wallet, ACH transfers, checks, and cards).&nbsp;
 
 
 
 
 Veem also enables recurring and mass payments and can be integrated with several accounting platforms including QuickBooks, NetSuite, and Xero.&nbsp;&nbsp;
 
 
 
 
 The company charges its users a flat monthly fee of USD 14.99 (as of December 2022) and a per transaction fee that varies based on the payment method.
 
 
 
 
 Key customers and partnerships
 
 
 
 Veem caters SMBs across several industries and had over 400,000 customers across more than 110 countries, as of December 2022. The company provides its services through partnerships with several payment infrastructure platforms including 
 <a href="https://sp-edge.com/companies/234571">
 Cross River
 </a>
 and 
 <a href="https://sp-edge.com/updates/15247">
 Finastra
 </a>
 . 
 
</div>

<div>
 
 Expensify offers an app that provides a diverse range of expense and payment solutions and insights for individuals and enterprises. It offers business expense cards and reimbursement platforms with automated receipt scanning and approval workflows. Expensify also provides bill payment solutions with automated tracking, approval, and payment.&nbsp;
 
 
 
 
 Its corporate cards also offer benefits to users in the form of discounts when using several B2B platforms such as Stripe, AWS, Quickbooks, and Stack Overflow. Expensify can also be integrated with several third-party HR, tax, accounting, and travel platforms software.
 
 
 
 
 The company follows a freemium pricing model. For business expense cards, users are charged a monthly fee per card. Non-card reimbursement and business payout management platforms are subscription-based.
 
 
 <a href="https://sp-edge.com/updates/23003">
 In October 2023
 </a>
 , Expensify added a feature to its app that allows users to send and receive money, split expenses within individuals or groups, and use chat functionality, signaling the company's entry into personal finance.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2021, the platform had over 10 million end users, across several enterprises including La Trobe University, Swatch Group, Pinterest, and Atlassian. Moreover, Expensify reportedly had around 
 <a href="https://sp-edge.com/updates/23613">
 719,000 paid members
 </a>
 as of November 2023.&nbsp;
 
 
 
 
 Funding and financials
 
 
 The company&rsquo;s
 <a href="https://sp-edge.com/updates/26941">
 revenue amounted to USD 150.7 million
 </a>
 in 2023, with an adjusted EBITDA margin of 13.2%.
 
 
 
 The company&rsquo;s 
 <a href="https://sp-edge.com/updates/16593?industryIds=76">
 revenue amounted to USD 169.5 million
 </a>
 in 2022, with an adjusted EBITDA margin of 25.1%.
 
 
 
 
 The company was listed on the Nasdaq in November 2021, where it raised around USD 70 million at a USD 2.2 billion valuation. 
 
</div>

Expensify

<div>
 
 Coupa offers a procurement and accounts payable management software that lets enterprises automate the management and settlement of payables (from invoice matching to payments) and supply chain activities. It also offers a travel and expense (T&amp;E) management platform, with embedded fraud detection, for employees to access integrated travel management solutions including travel booking, price assurance, and other traveler services.&nbsp;
 
 
 The company also operates the &ldquo;Coupa App Marketplace,&rdquo; a platform for business users to connect with certified solutions for supply chain, procurement, and finance functions. 
 In March 2024, the firm introduced a number of 
 <a href="https://sp-edge.com/updates/27258">
 AI-based features
 </a>
 to automate tasks, improve efficiency, and enable smarter decision-making for businesses. The firm also plans to launch Forecast Collaboration, a new solution to improve communication between buyers and suppliers by May 2024.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 The company offers its solutions to several industries, ranging from automotive and banking services, to oil and gas, and telecommunications. Its clients include several large global enterprises, including Sanofi, MGM Resorts, Salesforce, Juniper Networks, and Cooper Standard.&nbsp;
 
 
 Coupa delivers its payout solutions in partnership with several companies. Its virtual card partners include AirPlus, HSBC, Citi, and J.P. Morgan, while its payment tech providers include Stripe, Mastercard, PayPal, and TransferMate. In October 2022, 
 <a href="https://sp-edge.com/updates/14052">
 Coupa partnered
 </a>
 with integration and automation solution provider, TradeCentric, to optimize the former&rsquo;s procurement solutions. The company subsequently 
 <a href="https://sp-edge.com/updates/17669">
 partnered with
 </a>
 
 <a href="https://sp-edge.com/companies/59">
 Goldman Sachs
 </a>
 in April 2023, to leverage the latter&rsquo;s payment, treasury, and banking infrastructure solution, &ldquo;Transaction Banking (TxB).&rdquo;&nbsp;
 
 
 
 In January 2024, the 
 <a href="https://sp-edge.com/updates/25856">
 company partnered with Tonkean,
 </a>
 a no-code platform to develop business applications to launch &ldquo;Tonkean Intake Orchestration for Coupa&rdquo;, in Coupa App Marketplace, to improve intake-to-procure processes for customers.
 
 
 
 Moreover, Coupa launched an investment fund of USD 50 million in June 2021 to invest in early- and growth-stage startups in the business spend and procurement management industry. The funds first two portfolio companies were SaaS expense management platform, 
 <a href="https://sp-edge.com/companies/408080">
 Zylo
 </a>
 , and procurement management platform, 
 <a href="https://sp-edge.com/companies/152710">
 SourceDay
 </a>
 .
 
 
 Funding and financials
 
 
 
 The company generated USD 725.3 million in revenue in FY2022 (ending January), mostly through subscriptions (87.4%); however, it was yet to turn profitable, as its operating loss amounted to USD 244.1 million.&nbsp;&nbsp;
 
 
 
 The company raised aggregate gross proceeds of USD 153 million through an IPO in October 2016 and was listed on the Nasdaq. However, in December 2022, the company 
 <a href="https://sp-edge.com/updates/15272?industryIds=76">
 entered a definitive agreement 
 </a>
 (completed in February 2023) to be acquired by Thoma Bravo for USD 8 billion and be delisted from the Nasdaq. Coupa subsequently 
 <a href="https://sp-edge.com/updates/18123">
 appointed Charles Goodman
 </a>
 as its interim CEO in May 2023, and 
 <a href="https://sp-edge.com/updates/19093">
 announced layoffs
 </a>
 in June 2023, to improve profitability and decision-making speed amidst an uncertain economy.
 
</div>

Coupa

<div>
 
 Brex offers short-term financing (including earned revenue access) and expense management solutions. The platform primarily offers cards for businesses, including business expense card and corporate cards for larger businesses. Brex issues corporate cards based on several factors such as funding raised, revenue, and cash balances, instead of relying solely on credit scores for approvals.&nbsp;
 
 
 
 
 Brex also offers an automated bill payment solution for enterprises to manage payouts. This lets users choose several payment methods (ACH, wire transfers, checks, or cards) and also integrates with accounting systems such as Quickbooks and Xero. The company subsequently launched &ldquo;Brex payables&rdquo; in August 2023, an AI-enabled AP solution (from receiving invoices to approving payment) that combined bill payment and purchase card capabilities.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Brex users span several groups, such as tech startups, venture capitalists, and ecommerce companies. Brex primarily targets SMBs, and, as of October 2021, it reportedly generated around 60% of its revenue from mid-market companies. However, the company shifted its focus away from small businesses in June 2022, to focus on startups (pre-seed and venture funded companies) and mid-to-large-sized companies. Brex laid off around 11% of its workforce in October 2022, to increase focus on the company&rsquo;s new strategy, and achieve sustainable profitability for years to come. It subsequently laid off a further 20% of its employees in January 2024 to make the company more agile and accelerate its path to profitability.
 
 
 <a href="https://sp-edge.com/updates/20254">
 Brex partnered
 </a>
 with 
 <a href="https://sp-edge.com/companies/359227">
 Airwallex
 </a>
 in July 2023, to leverage AIrwallex&rsquo;s network of 50+ global licenses, to support local currency collections for global corporate cards and employee expense reimbursements across the globe.
 
 
 
 
 In December 2023, Brex along with&nbsp; 
 <a href="https://sp-edge.com/companies/780841">
 Ramp
 </a>
 
 <a href="https://sp-edge.com/updates/25146">
 collaborated with Uber&rsquo;s enterprise arm
 </a>
 to improve expense processing efficiency by automating the receipt handling for Uber transactions while ensuring&nbsp; compliance with company policies. 
 
 
 
 
 Funding and financials
 
 
 
 
 Brex raised USD 745 million in Series D funding across two rounds in 2021 (October and April) and was valued at USD 12.3 billion as of October 2021 (up from USD 7.4 billion in April).&nbsp;
 
</div>

Brex

<div>
 
 Navan (formerly known as TripActions) offers a business and personal travel platform and pivoted to the expense management business by launching &ldquo;TripActions Liquid&rdquo; (Liquid) in early 2020. The company continues to offer a range of expense management solutions beyond just travel expense claims, including business expense cards and an employee reimbursement platform.&nbsp;
 
 
 
 
 The expense cards include physical and virtual cards with spend controls, policies and compliance, reconciliation, and custom dashboards for insights. Moreover, the cards reportedly bear zero foreign transaction fees (as of April 2022).
 
 
 
 
 The company claims that the Liquid platform reduces expense reporting hours by upto 66% and reconciliation time by 95%.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Navan had around 8,800 enterprise customers as of April 2022, at which point Liquid was used by over 600 companies, including Zoom, Lyft, Pinterest, and Patreon.&nbsp;
 
 
 
 Navan partnered with Visa and Mastercard in June 2023, to launch &ldquo;Navan Connect&rdquo;, a patented card-link solution that allows businesses to connect corporate cards from third parties, for expense management and reconciliations. The company planned to expand its network tie-ups in the future.&nbsp;&nbsp;&nbsp;&nbsp;
 
 
 Funding and financials
 
 
 
 The volume of transactions processed through Navan reportedly increased by 7.5x since the period between June and September 2022.
 
 
 
 In October 2022, Navan 
 <a href="https://sp-edge.com/updates/13743">
 raised USD 304 million in funding
 </a>
 , comprising a USD 154 million Series G round and a USD 150 million structured financial deal, to invest in expanding its global operations. The round valued the company at USD 9.2 billion, against its USD 7.25 billion valuation in October 2021. Moreover, the funding came just weeks after Navan reportedly
 <a href="https://sp-edge.com/updates/13440?industryIds=76">
 filed confidentially to go public
 </a>
 in Q2 2023 at a USD 12 billion valuation.&nbsp; 
 
</div>

Navan

<div>
 
 Ramp offers a comprehensive set of tools for expense and payout management. Its &ldquo;5-in-1&rdquo; software covers business expense cards, expense reimbursement platforms, and bill payment solutions (through ACH, checks, and virtual cards) and also includes automated accounting and reporting. Ramp came out of stealth in February 2020 with its business expense card offering (including physical and virtual cards) and thereafter expanded to other expense and payout solutions. The platform also offers bi-directional integration (to incorporate a contract review process into the approval workflow), dynamic intake forms, purchase order enhancements, among other features
 
 
 
 
 The platform lets users set and implement spend controls and expense policies and also helps enterprises manage their expenses through categorization, real-time reporting, and insights. Ramp claims it can enable businesses to close their books 86% faster than through traditional expense methods and reportedly reduces its users&rsquo; spending by 3.3% on average. 
 
 
 Ramp has used acquisitions as a means of inorganic growth. In June 2023, it 
 <a href="https://sp-edge.com/updates/19688">
 acquired Cohere.io
 </a>
 , to drive AI-related projects to help customers save time and money. Ramp also offers autonomous agents that concentrate on essential tasks such as expense management, fraud detection, and contract negotiations, utilizing both internal data and the broader linguistic context from GPT and the internet. In January 2024,
 <a href="https://sp-edge.com/updates/26114">
 Ramp&nbsp; acquired Venue,
 </a>
 a procurement solutions provider (primarily for large organizations) to improve employee purchase request, approval, and payment processes..
 
 
 
 
 Ramp can also be integrated with a range of third-party apps and service providers, including Amazon Business, Lyft, Corporate Traveller, Google Suite, and BambooHR.&nbsp;&nbsp;
 
 
 
 
 The company primarily generates revenue through card payment interchange fees, and was yet to generate revenue from its bill payment solution as of March 2022, despite seeing volume growth. Ramp expanded its bill payment solution in August 2022, by
 <a href="https://sp-edge.com/updates/13437">
 launching buy-now-pay-later (BNPL) solution
 </a>
 , &ldquo;Flex.&rdquo;
 
 
 
 
 Key customers and partnerships
 
 
 
 
 Although Ramp initially focused on the SMB market, the company has expanded its focus market to larger enterprises, including Ro, Avelo, and Anduril. Ramp had over 15,000 business customers as of August 2023. Based on the new customer sign-ups in June 2022 (compared to May) Ramp reported faster growth in its enterprise segment customer base - up 300%&nbsp; - than its mid market (up 50%) and SMB (up 22%) customers.&nbsp;
 
 
 
 Ramp has also invested in several expense management companies across the globe, including MENA-focussed 
 <a href="https://sp-edge.com/companies/1833119">
 Pluto
 </a>
 (February 2022) and Indian fintech 
 <a href="https://sp-edge.com/companies/947785">
 Karbon
 </a>
 .&nbsp;
 
 
 <a href="https://sp-edge.com/updates/24091">
 In November 2023,
 </a>
 Ramp collaborated with Microsoft Copilot, integrating AI for finance tasks, including card issuance and anomaly detection, reducing manual work with the&nbsp; aim of streamline finances for enhanced strategic focus.
 
 
 
 
 In December 2023, Brex along with&nbsp; 
 <a href="https://sp-edge.com/companies/780841">
 Ramp
 </a>
 
 <a href="https://sp-edge.com/updates/25146">
 collaborated with Uber&rsquo;s enterprise arm
 </a>
 to improve expense processing efficiency by automating the receipt handling for Uber transactions while ensuring&nbsp; compliance with company policies. 
 
 
 Funding and financials
 
 
 
 
 Ramp reportedly processed over USD 10 billion in accounts payable volumes annually, as of January 2024.
 
 
 
 
 In 
 <a href="https://sp-edge.com/updates/28597">
 April 2024
 </a>
 , Ramp raised USD 150 million in an extension to its series D round, at an increased valuation of 7.65 billion compared to its valuation of USD 5.8 billion in August 2023 where it raised USD 300 million in funding. The funding was allocated to expand its use of AI and to back potential acquisitions.
 
 
 
 The company 
 <a href="https://sp-edge.com/updates/21235">
 raised USD 300 million
 </a>
 in a funding round in August 2023. The funds were earmarked for accelerating expansion, product developments, and recruitment.
 
</div>

Ramp

Can extract information from invoices/receipts, classify expenses, automate approval and reconciliation processes, and offer insights

Tools can usually be customized based on a user's business nature and workflows

Partner with open banking infrastructure providers to enable account-to-account payments and topping-up cards

Insights and visibility on expenses and payout processes improves transparency in business spend and reimbursements

Solutions commonly include software platforms that digitize, automate, and offer insights on expenses for businesses

Platforms offering payout automation solutions that cover the process either entirely or partially—from vendor onboarding to making payments.

Veem

Business Expense Management

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