Rebalance Capital

We are pleased to share that Rebalance Capital will again be a host fund for Impact Capital Managers 2025 Mosaic Fellowship program! If you are a graduate student looking to move into the private markets impact investing space, this is an unparalleled, paid opportunity to gain hands-on experience, receive personal mentorship, and meet peers and leaders across the impact investing ecosystem. Applications are due by December 2 at 11:59 PM ET Learn more here and apply today: https://lnkd.in/eMCJ5Dw6

Rebalance is excited to welcome Jimmy Cannon! Jimmy joins us as a Venture Partner with a focus on FinTech. He brings over 25 years of experience in consumer finance and strategy consulting, specializing in large-scale credit and auto finance. Jimmy was a senior leader of JPMorgan Chase’s auto finance division and scaled the Capital One credit card business focused on partnerships. Most recently, he served as President of Applied Data Finance, a consumer FinTech company providing personal loans to underserved consumers. Jimmy earned his BA in Mathematics from Dartmouth College and an MBA from the Kellogg School of Management at Northwestern University. James Cannon, the Rebalance family is fortunate to have you.

It was a privilege to participate in this week’s PEI’s NPM Impact & Transition Summit. Rebalance Capital Managing Partner Josh Tanenbaum spoke about employee-centric solutions, skills gaps, and the role of AI in the workforce. Here are some of our key learnings from the conference: - Anna Snider from Bank of America shared that there is an absence of product focused on social inclusion in the market, but Chavon Sutton shared they have spent meaningful time digging into funds in this theme - William Orum from Capricorn Investment Group discussed a missing-middle of impact asset managers with $250M-$5B AuM - Liz Roberts from highlighted that MassMutual views inequality as a systemic risk to the economy, a theme we have been focused on ever since Ray Dalio’s 2016 research on this topic! - Sheena Strawter-Anthony from William Caspar Graustein Memorial Fund discussed how an exclusive focus on the latest innovation can leave underserved populations behind: we agree and believe industries and populations catching up to the tech frontier represent an enormous impact and commercial opportunity - Jennifer Pryce and Joohee Rand emphasized the importance of intermediaries in the space in bridging the gap from asset owners to end users in the impact ecosystem: a wonderful parallel to our thesis about the role of intermediaries in our investment sectors It was great to see old friends and make new ones: Amy Nelson, Sabari Raja, Ashley Bittner, Tong Gu, Jennifer Kenning, Patience Marime-Ball, Esq., Chavon Sutton, Yigal Kerszenbaum, Daryn Dodson, Peter Lupoff, Smitha Das, Kate Huntington, Eric Hsueh, CAIA, Jacob Haar, Mark Hays, Liz Roberts, Akasha Absher, Roraj Pradhananga, William Orum, Mark Berryman, Priya Parrish, Nicolle Richards, Akasha Absher, Jack Moriarty, Marieke Beeuwkes Spence, Lauren Sercu, CFA, Garrett Jaso, Karan Gupta

Welcome Justin Foa to the Rebalance Capital family!?Justin Foa?joins Rebalance Capital as a Venture Partner and will support our insurance and workforce benefits sub-verticals. Justin brings over two decades of experience in leadership and growth strategy, specializing in insurance brokerage and distribution. As President & CEO of Foa & Son Insurance, Justin led the firm’s expansion while upholding its 150-year legacy of client trust and industry respect, culminating in a sale to Alera Group, Inc. 2022, where he is?currently Director of the Metro NY-NJ-CT Region. Before this, he spent over 10 years at multinational insurance brokerage firms, including Aon Risk Services, where he was Vice President in the Mergers and Acquisitions Insurance Division. He earned his degree in Insurance and Risk Management from the Wharton School at the University of Pennsylvania and holds CPCU and ARM designations. He is also active in industry leadership, having served as President of the Insurance Brokers’ Association of New York. Justin, we and our startup founders are so fortunate to have you!

Rebalance Capital Managing Partner Josh Tanenbaum is speaking at the Impact & Transition Investor Summit: North America 2024, 12-13 November in New York for a panel on "the future of work, education and skills." We invest in Series A and B FinTech and WorkforceTech startups that propel economic mobility for low and middle income communities. Josh will be offering the firm's perspective, leveraging our expertise in partnering with the HR leaders of large and regulatorily complex organizations.?He'll be joining Amy Nelson, Ashley Bittner, and Tong Gu! Be sure to say hello if you're attending the conference. If you missed it, we published playbook for a new employee-centric distribution model called B2B2E (link in comments). #ImpactNA #ImpactNA24 #PrivateMarkets #InvestorNetworking #HRTech #FutureofWork https://lnkd.in/e82wP4KQ

New Concept Paper! Rebalance is excited to introduce the term "B2B2E", a distinct go-to-market motion for tech products distributed through businesses to serve their employees. Drawing on our experience as a trusted innovation partner for Human Resources and Financial Services leaders, we explain B2B2E distribution, its evolution, and monetization models, and we share critical success factors for founders building in this space. #B2B2E #HRTech #WorkforceTech

An immense pleasure discussing with colleagues “Beyond Financial Inclusion: The New Customer Base You May Not Have Thought Of.” Some key takeaways from the discussion: ? Partnering with trusted intermediaries is critical to serving LMI customers: capitalizing on existing distribution enables firms to more profitably distribute higher quality financial services. ? Regional banks and credit unions are now broad resource centers for their communities: they must understand consumers’ hierarchy of needs and identify complementary capabilities to address them. ? A shift from wealth accumulation to holistic financial health: we’ve only recently seen dashboards aggregating bank accounts, credit cards, and credit scores, but are already seeing demand for broader financial health metrics and data sources, particularly from Gen Z. ? Innovation in highly regulated financial services firms is more iterative than transformative: banks are focused on process evolution across onboarding, underwriting, and servicing, rather than wholesale self-disruption. ? Baby boomers are more digitally native than we assume: we must dig into the data and design experiences accordingly.

I’m thrilled to share that I’ll be speaking at Finovate Fall 2024 alongside a fantastic lineup including Kelly Bryan, Munish Mohit Aggarwal, CFA, Paula Grieco, and Lauren Ashcraft. We'll be presenting an executive briefing on going Beyond Financial Inclusion: The New Customer Base You May Not Have Thought About on September 9th. Come join us and say hello! #Finovate #finance #technology #networking #upwardmobility CC: Rebalance Capital

Rebalance is excited to announce its recent investment in Upright Education, a tech-enabled bootcamp provider. Upright partners with regional and community colleges to offer in-work learners access to upskilling courses in high-demand digital-economy careers. Unlike traditional bootcamps, Upright is addressing the enormous, unmet needs of nearly 2,000 local colleges. After completing an Upright course, learners report an average salary increase of $29,000, a 62% raise from their prior roles. In partnering with Upright, Rebalance joins other leading workforce investors including Learn, JFFVentures, and the Strada Education Foundation. Congratulations to Benny Boas and the entire Upright team! #WorkforceTech #ImpactInvesting #Upskilling Dan Sommer, Lou Pugliese, David Berger

Acquisition alert! It's been quite the up-tempo quarter for Rebalance Capital portfolio company Summer - now adding its acquisition of Vault.co! Kudos to Will Sealy, Daniel Macklin, Ritu Tandon, and the whole Summer team for getting this competitive opportunity across the finish line. We recognize the immense potential in these two companies joining forces to empower employers to help address the student debt crisis - and welcome Heather Lowe and co to the team! It was a pleasure to support the team in this transaction, and partner with Matthew Risley at QED Investors and Robby Peters at SemperVirens Venture Capital . Looks like this ??is taking off. CC: Barr Even, Robert Torres, Robert Rush, Melody Koh at NextView Ventures, Adam Valkin and Alexander Chen at General Catalyst, Jake Yormak at Story Ventures #studentdebt #retirementmatching #tuitionassistance