4
Total investments
1
Early stage
2
Mid stage
0
Late stage
4y
Years active
Portfolio
4 investments · sorted by recency
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Late stage
Investor
Sep 2022
Functional Finance is a financial operations platform purpose-built for the insurance industry. By automating billing, payments, reconciliation, and premium financing, the platform helps MGAs, wholesalers, and insurers scale efficiently, cut costs, and improve financial accuracy.
It streamlines premium collection and disbursements for MGAs, automates collections and financial workflows for wholesalers and insurers, and optimizes operations for insurtech innovators driving industry excellence.
The platform eliminates manual errors with automated reconciliation and reporting, delivering real-time financial accuracy. It integrates seamlessly with policy administration systems, accounting platforms, and ERPs while offering configurable workflows to handle even the most complex financial processes.
Since its founding, Functional Finance has grown rapidly, achieving over 2,500% year-over-year premium payment volume growth. Clients report saving $15 per invoice processed, improving cash flow with faster payments, and scaling effortlessly using the platform.
Backers include Walkabout Ventures, Munich Re Ventures, Phil Edmundson, NEA, Altai Ventures, and Hank Greenberg’s Starr Insurance. The team combines deep insurance expertise from leaders at CoverWallet, Commerce Insurance, and other industry pioneers, alongside technical talent from MIT, Amazon, Google, and Carnegie Mellon. Functional Finance brings together seasoned professionals dedicated to transforming financial operations for the insurance industry with innovative, purpose-built solutions.
Functional Finance is modernizing financial operations, replacing complexity with clarity, and enabling businesses to focus on growth, underwriting, and innovation—not back-office friction.
Investor
Aug 2022
Mundial Media is the only NMSDC certified minority-owned contextual marketing platform that enables brands to connect authentically with diverse audiences. Mundial Media was born out of the need for an end-to-end marketing platform that marries best-in-class multicultural learnings with a data-driven platform to create emotional connections. Mundial Media’s proprietary contextual engine, Cadmus AI, provides marketers with scale and reach that is culturally nuanced and differentiated. Given the market’s turn to privacy-first, Mundial Media targets audiences through first-party contextual technology rather than third-party cookies.
Investor
Jul 2022
Elementus helps companies make better, faster decisions on the blockchain.
Founded in New York in 2017, Elementus combines proprietary data with patented algorithms to deliver unique insights, increase productivity, and enable fast, actionable decision-making within the crypto economy.
Elementus has raised over $27M from leading investors, including ParaFi Capital, Lightspeed Venture Partners, Velvet Sea Ventures, Pomp Investments, Morgan Creek Digital, Avon Ventures, and others.
Investor
Jul 2022
Binance.US is Americas home to buy, trade, and earn digital assets. As a licensed and regulated U.S. crypto platform, Binance.US offers some of the lowest fees in the industry and provides secure and reliable access to more than 170 of the world’s most popular cryptocurrencies. We’re on a mission to empower people to do more with their money. The new economy has arrived and we’re committed to helping everyone access the world of blockchain and crypto.
Experience · 9 entries
All (9)
Investments (4)
2023
Mentor
Oct 2023
Techstars helps founders scale their startups into world-changing businesses.
Founded in 2006, Techstars is on a mission to invest in startups to enable more capital to flow to more entrepreneurs around the world in order to deliver exceptional returns to our investors. We do this by operating accelerator programs and venture capital funds, as well as by connecting startups, investors, corporations, and cities to help build thriving startup communities.
Our results show why Techstars is Better for Founders than any other global accelerator: On average, 74.5% of Techstars companies will raise money within 3 years of their program; 18.5% of Techstars portfolio companies have exited 5 years after their program and 31.1% after eight years. (PitchBook June 2023)
2022
Investor
Sep 2022
Functional Finance is a financial operations platform purpose-built for the insurance industry. By automating billing, payments, reconciliation, and premium financing, the platform helps MGAs, wholesalers, and insurers scale efficiently, cut costs, and improve financial accuracy.
It streamlines premium collection and disbursements for MGAs, automates collections and financial workflows for wholesalers and insurers, and optimizes operations for insurtech innovators driving industry excellence.
The platform eliminates manual errors with automated reconciliation and reporting, delivering real-time financial accuracy. It integrates seamlessly with policy administration systems, accounting platforms, and ERPs while offering configurable workflows to handle even the most complex financial processes.
Since its founding, Functional Finance has grown rapidly, achieving over 2,500% year-over-year premium payment volume growth. Clients report saving $15 per invoice processed, improving cash flow with faster payments, and scaling effortlessly using the platform.
Backers include Walkabout Ventures, Munich Re Ventures, Phil Edmundson, NEA, Altai Ventures, and Hank Greenberg’s Starr Insurance. The team combines deep insurance expertise from leaders at CoverWallet, Commerce Insurance, and other industry pioneers, alongside technical talent from MIT, Amazon, Google, and Carnegie Mellon. Functional Finance brings together seasoned professionals dedicated to transforming financial operations for the insurance industry with innovative, purpose-built solutions.
Functional Finance is modernizing financial operations, replacing complexity with clarity, and enabling businesses to focus on growth, underwriting, and innovation—not back-office friction.
Investor
Aug 2022
Mundial Media is the only NMSDC certified minority-owned contextual marketing platform that enables brands to connect authentically with diverse audiences. Mundial Media was born out of the need for an end-to-end marketing platform that marries best-in-class multicultural learnings with a data-driven platform to create emotional connections. Mundial Media’s proprietary contextual engine, Cadmus AI, provides marketers with scale and reach that is culturally nuanced and differentiated. Given the market’s turn to privacy-first, Mundial Media targets audiences through first-party contextual technology rather than third-party cookies.
Investor
Jul 2022
Elementus helps companies make better, faster decisions on the blockchain.
Founded in New York in 2017, Elementus combines proprietary data with patented algorithms to deliver unique insights, increase productivity, and enable fast, actionable decision-making within the crypto economy.
Elementus has raised over $27M from leading investors, including ParaFi Capital, Lightspeed Venture Partners, Velvet Sea Ventures, Pomp Investments, Morgan Creek Digital, Avon Ventures, and others.
Investor
Jul 2022
Binance.US is Americas home to buy, trade, and earn digital assets. As a licensed and regulated U.S. crypto platform, Binance.US offers some of the lowest fees in the industry and provides secure and reliable access to more than 170 of the world’s most popular cryptocurrencies. We’re on a mission to empower people to do more with their money. The new economy has arrived and we’re committed to helping everyone access the world of blockchain and crypto.
Show all 9 entries ↓
