Canapi Ventures

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!

?? Exit Announcement: NeuroID Acquired by Experian We are thrilled to announce that NeuroID, a Canapi portfolio company and leader in behavioral analytics, has been acquired by Experian, a global powerhouse in data analytics and consumer credit reporting. We couldn’t be prouder of the NeuroID team, and we extend our heartfelt thank you to Jack Alton, Courtney Laabs, and Jeffrey Shu for their partnership over the past four years. Special shoutout as well to our partners Logan Allin, Gardiner Garrard, and Steve McLaughlin for their help throughout this journey. Our initial excitement in NeuroID was driven by the team’s pioneering advancements in the Behavior-as-a-Service (BaaS) space, providing a new standard for collecting, translating, and actioning on the real-time behaviors of digital interactions. NeuroID's technology leverages decades of research to measure both customer intent and experience by analyzing the digital footprint. These capabilities complement the existing suite of risk and fraud tools available at Experian, known for its nearly 30-year history of powering opportunities for people and businesses around the world. Importantly, current NeuroID customers will continue to receive undisrupted service. The rise of generative AI-driven fraud has heightened the need for advanced fraud-detection technologies like behavioral analytics, and the synergies between NeuroID and Experian make for a highly strategic outcome. We look forward to witnessing NeuroID’s continued success as they join forces with Experian to redefine the landscape of fraud detection and prevention. For more information, see Experian’s announcement here: https://lnkd.in/gyvFep6t.

This past April, we had the pleasure of hosting and connecting with over 150 innovators, creators, and pioneers at Canapi’s third in-person Canapi Alliance Summit, held at Manhatta in New York City. The event underscored the incredible strength of the Canapi Alliance network, and we're thrilled to share several key takeaways in our latest blog post: https://lnkd.in/gYpjUWDY. Throughout the day, we explored the current dynamics of the private markets, outlined our strategic priorities for the coming years, and provided comprehensive updates on our funds and team. What truly resonated, however, were the engaging and thought-provoking discussions across various panels and presentations, coupled with the insightful interactions we enjoyed with our LPs and portfolio companies. A heartfelt thanks to everyone who made the summit such a spectacular day!

Blooma CRE's CEO, Shayne Skaff, highlights an often-overlooked headwind facing the CRE industry - the ability for companies to embrace innovation and a growth mindset.?

Thank you to all that joined our "Fintech & Friends" happy hour at Make Believe last week during #NYFintechWeek. Special shout out to our co-hosts (and friends) Canapi Ventures and Live Oak Bank. Our event was one of many highlights in NYC - others included investor breakfasts, networking events, and portfolio company meetups. See you next April, #NYFintechWeek! #teamttv cc: Lizzie Guynn, Neil Kapur, Gardiner Garrard, Sean Banks, Laney Lewis, Emily Keener Silverman, Harrison Kioko, Erin Welker, CMP

?????? ?Announcing the industry's first Summit on cash flow underwriting! With credit bureau data murkier than ever (credit builder products, soft inquiry data, BNPL, etc), we’re seeing the market turn quickly to invest in data-driven strategies to unlock responsible growth. Innovations across open banking, cash flow underwriting, and consumer lending regulations (1033) are outpacing most organizations' consumer lending practices, and it’s frankly not discussed in sufficient depth at industry conferences. We see it as part of our mission at Nova Credit to accelerate adoption of new data sources that enable lenders to make better credit strategy decisions and support fair and incremental credit access. As such, we are proud to announce the Cash Flow Underwriting Summit 2024 on September 12, an inaugural assembly of credit industry leaders dedicated to exploring and advancing the use of cash flow underwriting in lending. This forum will address topics across the evolution of open banking, review actionable use cases gaining traction today, and preview regulatory shifts. I’m honored to be speaking alongside some of the leading minds that have shaped and are actively molding the future of lending: Kenneth Lin, Gene Ludwig, Jennifer Tescher, John McNamara, Eileen Serra, Hans Morris, Sarah Davies, Ph.D., Brian Hughes, and Paul LaRusso. This forum and speakers - plus many more to be announced - will give lenders the knowledge to stay ahead of the curve when it comes to cash flow underwriting. The summit is open to senior executives of lending institutions, and we invite organizations in the space to apply. https://lnkd.in/e8DBh8MF

???Congratulations to?Alloy,?Capitalize, Fireblocks,?Middesk, and?MX?for making?Forbes’ Fintech 50 list!??? Canapi’s portfolio accounts for an impressive 10% of the list! ??Onward and upward!??? https://lnkd.in/e7Mv3397

?????Join?Thoropass?and?DynamoFL?on March 4th, 1 pm ET for a crucial discussion: "Can we risk waiting? Understanding safety and security in AI." This session will explore current and future AI regulations, the impact on infosec compliance, and more. Don't miss out! Register now:? https://lnkd.in/gG59p3Gy See you there!