Recap: AGM 2021
Sharing Good News
We love when our LPs can gather to discuss the portfolio companies in Fund I & II. For us, it's like the year's best gathering of friends, connections, insights, and joy. Of course, it was virtual this year, as it was last year, but that did not dampen the participation or feedback. Our group is certainly not shy to ask about all aspects of FinTech investing.
We hope that you enjoy a few highlights shared here that were part of our annual meeting. We took the time to be sure it was a great experience despite the recorded format. The feedback we received was very positive and encouraging.
For us, this annual event is a time to reflect on progress and relationships. We thank our LPs for believing in our ability to find and fund the best in FinTech. We appreciate our founders and their teams for creating great businesses. We also thank the Vestigo team for their tireless efforts to make a difference in the world of financial services. There is much to do, but we get closer to a better industry every time we invest and encourage an entrepreneur.
— Mark & Dave
Vestigo in the News
Mark Casady Featured by AdvisorEngine
In this article, Mark Casady speaks about a few life lessons he has learned over his years in financial services and some of the business challenges he has faced, from LPL Financial to advising startups at Vestigo Ventures.
Charles Paikert
In our second episode, Frazer chats with Clerkie CEO, Guy Assad, about debt-automation, frameworks for company building, and the future of FinTech.
2021 Annual General Meeting
GP Discussion: The Future of FinTech
w/ Dave Blundin and Mark Casady, General Partners at Vestigo Ventures
2021 AGM Recap
This year, on the heels of COVID-19, we maintained our decision to keep our annual meeting digital for the safety of our investors, founders, and team members. As this was our second time hosting our AGM digitally, we were well prepared and knew our investors' interests, but continued to struggle on fitting all that's has happened in the past year into two hours!
As a team, we have had a plethora of updates since our last annual meeting, from doubling the size of the team, new investments, and the maturing of our portfolio companies.
Ian kicked off our annual meeting with welcoming remarks and introducing our newest team members - Kelly, Bill, and Nick - who have all been great additions to the team. We were excited to have them formally introduce themselves to all our LPs in our annual meeting.
Next, Mike led our portfolio/market review, which covered many updates given our maturing portfolio in Fund I. Some of the updates included our portfolio companies successfully raising or about to start raising their Series A, B, C rounds. The most significant update, of course, was Vestigo's first unicorn (see official update here), Alloy, which recently closed its Series C round at a $1.35B valuation.
After the portfolio review and our team's favorite segment, we held the Fund I and Fund II CEO panel interviews led by Frazer. As a team, we feel honored to be a helping hand to these outstanding entrepreneurs and continue to be impressed each year.
Finally, it is always a delight to hear Mark and Dave discuss new topics in fintech, new technology developments, or the advancement in AI/ML. As always, Frazer did a great job interviewing them, and the whole video is included above.
The past few weeks have been hectic preparing for our annual meeting and Boston Fintech Week, but we are happy to be on the other side and back to discovering the best new ideas in Fintech.
— The Vestigo Team
New Portfolio Company
We are excited to announce our newest investment in the behavioral intelligence space. ForMotiv is developing a digital behavioral intelligence platform using AI/ML to provide live predictive behavior analytics.
admin
Portfolio Updates
Alloy Raises $100M Series C
We are excited to announce that Alloy has raised a $100M Series C round led by Lightspeed Venture Partners. We continue to be proud investors in Alloy and looking forward to their continued growth.
Posted by Tommy Nicholas on Sep 30, 2021
Railz Partners with Powerlytics to Aid Banks Deepen Insights Into SMBs
With this new partnership, Railz, and Powerlytics can now provide banks and fintechs a powerful new benchmarking product to enable more granularity and actionable data to better support SMBs.
Interesting Reads
Will Douglas Heaven
Bernard Marr
Jennifer Smith
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