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Wells Fargo

Founders Peggy Reingold Perry Abbonzino

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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 171
Average round size
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The average size of a deal this fund participated in
$136M
Portfolio companies 149
Rounds per year 0.99
Lead investments 52
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.13
Exits 46
Key employees 88
Stages of investment
Early Stage Venture

Areas of investment

  • Financial Services
  • Software
  • FinTech
  • Non Profit
  • Finance
Summary

Wells Fargo appeared to be the Corporate Investor, which was created in 2014. The main department of described Corporate Investor is located in the Dumaguete City. The company was established in Asia in Philippines.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Wells Fargo, startups are often financed by Venrock, Nexus Venture Partners, Madrona Venture Group. The meaningful sponsors for the fund in investment in the same round are Goldman Sachs Principal Strategic Investments, Goldman Sachs, Morgan Stanley. In the next rounds fund is usually obtained by Accel, ONSET Ventures, Goldman Sachs Principal Strategic Investments.

The increased amount of exits for fund were in 2018. The fund is constantly included in 2-6 investment rounds annually. Considering the real fund results, this Corporate Investor is 3 percentage points more often commits exit comparing to other organizations. Opposing the other organizations, this Wells Fargo works on 5 percentage points more the average amount of lead investments. The important activity for fund was in 2019. The typical startup value when the investment from Wells Fargo is 100-500 millions dollars. The common things for fund are deals in the range of 10 - 50 millions dollars.

The fund has no exact preference in some founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular fund investment industries, there are Software, Security. Among the various public portfolio startups of the fund, we may underline Flexport, Jawbone, 10X Genomics

Besides them, we counted 85 critical employees of this fund in our database.

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Typical Co-investors
Wells Fargo is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Wells Fargo:

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Funds with similar focus located in United States:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
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Funds with similar focus acting as lead investors:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Nasdaq Private Market

Finance
Financial Exchanges
Financial Services
FinTech
Stock Exchanges
$62M08 Feb 2024 San Francisco, California, United States

Penelope Retirement

$2M15 Nov 2023 New York, New York, United States

FIA Tech

Financial Services
Legal
Professional Services
$25M13 Jun 2023 New York, New York, United States

MoCaFi

Analytics
Banking
Consumer
Financial Services
FinTech
Payments
$23M31 May 2023 New York, New York, United States

Hazy

Artificial Intelligence
Internet
Machine Learning
Software
$9M28 Mar 2023 London, England, United Kingdom

Greenwood Bank

Banking
Financial Services
FinTech
$45M29 Nov 2022 Atlanta, Georgia, United States

Bolt

Food Delivery
Mobile Apps
Public Transportation
Ride Sharing
$7K22 Nov 2022 Tallinn, Harju maakond, Estonia

Bilt Technologies

$150M25 Oct 2022 -

Octaura

Analytics
Finance
Financial Services
FinTech
Trading Platform
02 Apr 2022 New York, New York, United States
News
Bilt Rewards banks $60M growth on a $350M valuation to advance credit card benefits for renters

– Bilt Rewards, a loyalty program for property renters to earn points on rent with no fees and build a path toward homeownership, announced a round of $60 million in growth funding that values the company at $350 million.
– The investment comes from Wells Fargo and Mastercard and a group of the nation’s largest real estate owners, including Blackstone Group, AvalonBay Communities, Douglas Elliman, Equity Residential, GID-Windsor Communities, LENx, The Moinian Group, Morgan Properties, Starwood Capital Group and Related.

Fintech Company Greenwood Raises $40M in Funding

– Greenwood, a digital banking platform for Black and Latino individuals and business owners, raised $40m in Series A funding.
– The round was led by Truist Ventures with participation from Bank of America, PNC, JPMorgan Chase, Wells Fargo, Mastercard, and Visa, FIS, Popular, TTV Capital, SoftBank Group Corp’s SB Opportunity Fund, Lightspeed Venture Partners (Scout Fund), Quality Ventures, and Alvin Kamara.
– The new investment will be used to expand the company’s business reach and build a range of financial products and services for financial empowerment.

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Total investments 171
Average round size 136M
Rounds per year 0.99
Peak activity year 2024
Lead investments 52
Follow on index 0.13
Exits 46
Group Appearance index 0.71

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Nasdaq Private Market

Finance
Financial Exchanges
Financial Services
FinTech
Stock Exchanges
$62M08 Feb 2024 San Francisco, California, United States

Penelope Retirement

$2M15 Nov 2023 New York, New York, United States

FIA Tech

Financial Services
Legal
Professional Services
$25M13 Jun 2023 New York, New York, United States

MoCaFi

Analytics
Banking
Consumer
Financial Services
FinTech
Payments
$23M31 May 2023 New York, New York, United States

Hazy

Artificial Intelligence
Internet
Machine Learning
Software
$9M28 Mar 2023 London, England, United Kingdom

Greenwood Bank

Banking
Financial Services
FinTech
$45M29 Nov 2022 Atlanta, Georgia, United States

Bolt

Food Delivery
Mobile Apps
Public Transportation
Ride Sharing
$7K22 Nov 2022 Tallinn, Harju maakond, Estonia

Bilt Technologies

$150M25 Oct 2022 -

Octaura

Analytics
Finance
Financial Services
FinTech
Trading Platform
02 Apr 2022 New York, New York, United States
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