Canapi Ventures

Congratulations to?Alloy,?Capitolis, and?Nova Credit?for being named to?Deloitte’s 2024 Technology Fast 500, a prestigious list celebrating North America’s most innovative and fastest-growing tech companies. They join an elite group that in past years has included juggernauts like Google, eBay, and Tesla. An achievement well deserved! https://lnkd.in/ev8PTq8

We’re very excited to work with OpenYield to support their mission of bringing transparency and efficiency to the bond market. Here’s to your continued growth and impact!

Really enjoyed sharing the stage with Matt Harris, Hans Morris, Ramin Niroumand, and Rakefet Russak-Aminoach at Team8's Fintech Village Event!

Exciting news from the Canapi team! ???We're thrilled to welcome Kristie Han?and Connie Qian?as our newest Principals. They'll both focus on growth-stage enterprise software investment opportunities. Kristie?joins with over a decade of investment experience at Bain Capital Ventures, PSG, and Riverside. Connie?comes aboard with deep investment and operational expertise from her time at Forgepoint Capital and Block/Square. ? We're so excited for the energy, ideas, and expertise they'll bring to our mission of supporting groundbreaking enterprise software and fintech companies. ? Welcome, Kristie and Connie! ? Read all about them in our press release: https://lnkd.in/eAKKdgBQ

Capitalize's new white paper reveals shocking inefficiencies in how Americans manage their retirement accounts, with nearly 80% unable to complete a rollover without assistance and transfers taking an average of two months. Capitalize is modernizing this critical financial process and improving retirement outcomes for millions of Americans. See the full article here: https://lnkd.in/gPy5Vgqw

Checks in the mail. Phone calls. Paperwork. Months of waiting. This is what the outdated 401(k) transfer process looks like for 10 million Americans who roll over $1 trillion in 401(k) assets each year without help. In a modern economy where most financial transfers take minutes or days, why does it take almost two months for most Americans to find and transfer their 401(k)? Today, Capitalize is releasing a new white paper on the outdated 401(k) rollover process, which remains significantly worse than other money movement processes like ACH and ACATs. Some of our key findings after surveying thousands of savers and reviewing a wide range of data: - Almost 80% of savers are unable to complete a rollover without assistance? - 43% of savers had to deal with a physical check while rolling over their account? - 80% resorted to a phone call or paperwork to complete their transaction - 54% of savers do not initially know where their legacy 401(k) account is held - The average 401(k) rollover takes an unassisted saver almost 2 months compared to several days for ACH and ACATs transfers At Capitalize, we’re on a mission to bring 401(k) rollovers into the 21st century and improve retirement outcomes for all Americans. We’re excited to share this data and work with financial institutions, advisors, employers and others to level up this outdated process.

???? Huge congratulations to Capitalize, Crux, and Nova Credit for being named to CB Insights’ Fintech 100—an annual ranking of the world’s most promising private fintech companies! ???? Well-deserved recognition for three incredibly innovative and hard working teams. Excited to see what's next for each of you! ??

We’re excited to announce that Canapi Ventures has led a $3.6M Seed Financing in Cashmere! After 18 months of deep research into the wealth space, we’ve seen the massive opportunity the $80T+ Great Wealth Transfer brings. Cashmere, under the leadership of Farbod Nowzad and Eshan Govil, is revolutionizing prospecting with AI-powered lead generation, helping advisors connect with the right clients at the right time. We’re thrilled to support Cashmere in shaping the future of advisor-client engagement and proud to lead this round alongside great partners like Benchstrength, Plug and Play Tech Center, The House Fund, and Courtyard Ventures. ?? See below to learn more about why we’re confident Cashmere is set to become indispensable technology for wealth advisors everywhere. https://lnkd.in/gQpXyhbF

Check out portfolio company Alloy's latest State of Embedded Finance Report for a deep dive into the opportunities and challenges of this booming industry. ? Discover how embedded finance drives deposits and revenue and learn about the hurdles slowing down growth. ? Download the full report here: https://lnkd.in/eb-aqEjk #embeddedfinance #fintech #innovation

????Congrats to Capitalize on their Series B fundraise! ???? We're excited to remain close partners to you on your next leg of this journey!