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Flourish Venture

Founders Shreya Jain

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 155
Average round size
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The average size of a deal this fund participated in
$18M
Portfolio companies 75
Rounds per year 31.00
Lead investments 10
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.52
Exits 4
Key employees 5
Stages of investment
Early Stage Venture
Seed

Areas of investment

  • Financial Services
  • FinTech
  • Finance
  • Banking
  • Internet
Summary

Flourish Venture appeared to be the VC, which was created in 2019. The company was established in North America in United States. The main department of described VC is located in the Redwood City.

Besides them, we counted 5 critical employees of this fund in our database.

Deals in the range of 5 - 10 millions dollars are the general things for fund. This Flourish Venture works on 15 percentage points less the average amount of lead investments comparing to the other organizations. The top activity for fund was in 2019. The fund is generally included in 7-12 deals every year. Considering the real fund results, this VC is 9 percentage points more often commits exit comparing to other organizations.

The standard case for the fund is to invest in rounds with 3-4 partakers. Despite the Flourish Venture, startups are often financed by Omidyar Network, Partech, Elevar Equity. The meaningful sponsors for the fund in investment in the same round are Omidyar Network, Vestigo Ventures, Valar Ventures. In the next rounds fund is usually obtained by Surge Ahead, Bill & Melinda Gates Foundation.

Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. The fund has exact preference in some founders of portfolio startups. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight ShopUp, FairMoney, Cambridge Blockchain. Among the most successful fund investment fields, there are Financial Services, Identity Management.

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Typical Co-investors
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These funds have a tendency to invest in the following rounds after Flourish Venture:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Qoala

Insurance
InsurTech
Internet of Things
$49M27 Mar 2024 Kebayoran Baru, Jakarta Raya, Indonesia

Zone

$8M18 Mar 2024 Lekki, Lagos, Nigeria

CurbWaste

CleanTech
Enterprise Software
SaaS
Software
Waste Management
$10M14 Dec 2023 New York, New York, United States

Spade

Artificial Intelligence
Developer APIs
FinTech
$10M06 Dec 2023 Vancouver, Washington, United States

Vellum

Insurance
$7M10 Oct 2023 -

Flash

Financial Services
Mobile Apps
Payments
$6M17 Jul 2023 Cairo, Al Qahirah, Egypt

Summer​

Financial Services
$7M25 Apr 2023 New York, New York, United States

Clerkie

Artificial Intelligence
Finance
FinTech
Machine Learning
$33M18 Apr 2023 San Francisco, California, United States

Staging Labs

Blockchain
Cryptocurrency
Cyber Security
Software
$1M15 Mar 2023 Miami, Florida, United States
News
Unit raises $51M in Accel-led Series B to grow its banking-as-a-service platform

– Unit, a banking as a service startup, raised $51m in Series B funding.
– The round was led by Accel and joined by Better Tomorrow Ventures, Aleph, Flourish Ventures and TLV Partners.
– The company plans to use the funding to expand its team and product offerings.

Kin Insurance Closes $69.2M Series C Funding

– Kin Insurance, a Chicago, IL-based insurance technology company, raised $69.2M in Series C funding.
– The round was originally co-led by Hudson Structured Capital Management Ltd. (doing its re/insurance business as HSCM Bermuda) and Senator Investment Group.
– New investor – Symphony Ventures, an investment partnership established by professional golfer Rory McIlroy and his team, joined along with Flourish Ventures, a global fintech fund founded by Pierre Omidyar, the founder of eBay.
– The company intends to use the funds to ramp up hiring and expand into new markets such as Texas and the Gulf Coast, and hurricane-prone regions that touch the Atlantic Ocean.

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Total investments 155
Average round size 18M
Rounds per year 31.00
Peak activity year 2021
Lead investments 10
Follow on index 0.52
Exits 4
Group Appearance index 0.75

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Qoala

Insurance
InsurTech
Internet of Things
$49M27 Mar 2024 Kebayoran Baru, Jakarta Raya, Indonesia

Zone

$8M18 Mar 2024 Lekki, Lagos, Nigeria

CurbWaste

CleanTech
Enterprise Software
SaaS
Software
Waste Management
$10M14 Dec 2023 New York, New York, United States

Spade

Artificial Intelligence
Developer APIs
FinTech
$10M06 Dec 2023 Vancouver, Washington, United States

Vellum

Insurance
$7M10 Oct 2023 -

Flash

Financial Services
Mobile Apps
Payments
$6M17 Jul 2023 Cairo, Al Qahirah, Egypt

Summer​

Financial Services
$7M25 Apr 2023 New York, New York, United States

Clerkie

Artificial Intelligence
Finance
FinTech
Machine Learning
$33M18 Apr 2023 San Francisco, California, United States

Staging Labs

Blockchain
Cryptocurrency
Cyber Security
Software
$1M15 Mar 2023 Miami, Florida, United States
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