Infinity Ventures, a San Francisco, CA-based early-stage venture firm investing in founders building across fintech infrastructure and commerce enablement, closed its inaugural $158m fund.
The capital will accelerate Infinity Venture’s model, which applies decades of operating and investing experience to de-risk execution, accelerate scale, and support product development and go-to-market strategies for its portfolio companies.
Co-founded by Jeremy Jonker, Jay Ganatra and Mario Ruiz, Infinity Ventures participates in pre-seed through Series A rounds with initial checks ranging from $500K to $8 million. The firm began investing from the fund in Summer 2021 and has deployed capital investments, globally spanning the U.S., Asia, Latin America, and Europe, in:
- Card91, payment infrastructure-as-a-service that simplifies the payments ecosystem
- Durable, an end-to-end platform for services businesses including integrated fintech and commerce stack
- Glean, an intelligent accounts payable platform to generate insights and recommendations based on line-item invoice data
- Mendel, an expense management tool to help businesses control budgets
- Neo.tax, technology that is reimagining taxes as a modern advantage
- Pagos, an intelligent payment infrastructure for commerce
- Replo, a no-code storefront builder that integrates into existing Shopify stores and 3rd-party apps
- Sensible Weather, a climate risk technology company that is de-risking weather for travelers and travel partners
- Skipify, universal 1-touch checkout to make shopping fast and frictionless
- Upside, a lending-as-a-service solution for CPG Brands to access debt capital for inventory growth
- Stealth Startup, focused on enabling an improved rebates experience for merchants
Infinity Ventures will invest in approximately 25 global companies from this inaugural fund. The team will hire additional talent to support the investment efforts and portfolio companies needs.
FinSMEs
16/05/2022