LM Ventures

Volkswagen is ready to bring autonomous driving to large-scale production, Mobileye teams up with our portfolios Innoviz Technologies brings the digital driver on board for Volkswagen. Congrats Omer David Keilaf and the entire Innoviz team, you folks are amazing! https://lnkd.in/dyumfz9i

?? Excited to announce We’ll be joining a panel at Venture Summit West! ?? We’ll be discussing the future of Tech Investment at the Computer History Museum in Mountain View. If you're attending, let's connect! #VentureSummitWest #Technology #Innovation #entrepreneur #ClimateTech #VentureCapital alan wink Joe Benjamin Patrick Chen https://lnkd.in/dc3BHNss

Proud to share that our portfolio Hailo has successfully raised $120 million to further its mission in designing more efficient AI chips, just unveils New Hailo-10 GenAI Accelerator. This achievement is a testament to Hailo's innovative vision, the dedication of its team, and the growing importance of advanced AI technology in solving real-world problems. Our early belief, from 2019, in Hailo's potential and the commitment to supporting groundbreaking technology startups have been validated by this remarkable milestone. As Hailo continues to pave the way in AI innovation, we are excited to see the new heights they will reach with this funding. Congrats to the Hailo team on this well-deserved success! https://lnkd.in/gukTwJs2 #Hailo #Chip #Accelerate #AI #GenAI #VentureCapital #TechnologyInvestment

Exciting news from our portfolio company Figure! They've just unveiled Figure Markets, a revolutionary platform offering seamless trading of blockchain-native assets, including cryptocurrencies, stocks, and alternative investments. Figure Markets has secured over $60 million in Series A funding. This oversubscribed round was led by Jump Crypto, Pantera Capital, and Lightspeed Faction, with participation from Distributed Global, Ribbit Capital, CMT Digital, and other prominent investors. Congrats to the entire Figure team on this significant milestone! #FigureTechnologies #FigureMarkets #SeriesAFunding #Blockchain #Crypto #VentureCapital https://lnkd.in/dNTR-3sF

As the penetration rate of electric vehicles (EVs) in the US lags behind Europe and China, it's clear that infra development is crucial for driving EV adoption. High costs and a lack of fast charging infrastructure are among the main barriers faced by consumers. Many urban dwellers, including those in major cities like New York City and San Francisco, struggle to find convenient fast chargers, hindering the widespread adoption of EVs. That's why Uber's collaboration with our portfolio Revel is so significant. By leveraging Revel's expertise and innovative solutions, Uber aims to address the infrastructure challenges head-on and accelerate the transition to sustainable transportation. Together, they're paving the way for a greener, more accessible future for urban mobility. At LM Ventures, we're proud to support visionary companies like Revel that are driving positive change in the transportation sector. This partnership exemplifies the transformative impact that strategic collaborations can have on advancing sustainability and innovation. Read more about this exciting collaboration on Bloomberg: https://lnkd.in/g-nYx4hg #Uber #Revel #ElectricVehicles #EVCharging #Sustainability #Innovation #UrbanMobility #VentureCapital

Why we invest in Figure from 2019? Over the past few decades, technology has propelled humanity into a new era of innovation and progress. From the transformative power of microchips to the revolutionary impact of the internet, our world has undergone profound changes, reshaping the way we work, communicate, and live. However, amidst this rapid technological evolution, the financial industry has remained relatively unchanged, clinging to outdated systems and processes that are inefficient and costly. Consider, for instance, the cumbersome nature of securing a mortgage or obtaining a personal loan. The traditional banking model is laden with paperwork, bureaucracy, and delays, making the process tedious and time-consuming for both borrowers and lenders. Similarly, international remittances are often plagued by high fees, long transaction times, and a lack of transparency, posing significant challenges for individuals and businesses alike. Enter Figure Technologies. Since its inception, Figure has been at the forefront of innovation in the financial sector, leveraging cutting-edge technologies to revolutionize lending and payments. Our decision to invest in Figure, spanning from the 2019 Series B to subsequent Series C and Series D rounds, is rooted in our firm belief in the transformative potential of blockchain technology to disrupt and democratize traditional financial services Blockchain, the underlying technology behind cryptocurrencies like Bitcoin Inc., offers a decentralized and transparent platform for conducting secure and efficient transactions. By harnessing the power of blockchain, Figure has developed innovative solutions that streamline the lending process, reduce costs, and increase accessibility for borrowers. One of the most compelling aspects of Figure's approach is its use of blockchain to digitize and automate the mortgage origination process. Through its proprietary Provenance platform, Figure enables borrowers to apply for and secure a mortgage entirely online, eliminating the need for cumbersome paperwork and lengthy approval times. This not only saves time and reduces administrative costs but also enhances the overall borrower experience. In addition to its innovative approach to mortgage lending, Figure is also pioneering the use of blockchain in other areas of finance, such as personal loans, alternative investment platform etc. By offering loan products backed by digital assets like cryptocurrencies, Figure is expanding access to credit for underserved populations and providing borrowers with greater flexibility and choice. Overall, our investment in Figure is driven by our conviction that blockchain technology has the potential to revolutionize the financial industry, making it more efficient, transparent, and inclusive. #blockchain #crypto #mortgage #platform #payment #bitcoin #finance #fintech #vc #investment

Thrilled to share that our portfolio companies, Figure, has been recognized as one of the top 10 most innovative companies in the blockchain space along with Roblox, Coinbase, Visa by Fast Company! Being named among the most innovative companies in the rapidly evolving blockchain and crypto landscape is a testament to Figure's dedication to pushing the boundaries of technology and driving positive change in the industry. #innovation #blockchain #crypto #web3 #platform The full list can be found here:?https://bit.ly/48ZZb0O