The Silicon Valley-based financial-software company’s corporate venture arm will invest in areas such as “fintech, virtual expertise, consumer finance, omni-channel commerce, AI-enabled services and crypto/DeFi.” (The Logic)
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The Silicon Valley-based financial-software company’s corporate venture arm will invest in areas such as “fintech, virtual expertise, consumer finance, omni-channel commerce, AI-enabled services and crypto/DeFi.” (The Logic)
Talking point: With deep pockets, Intuit Ventures has the potential to become a major new player in the fintech landscape. According to TechCrunch, the fund will mainly participate in Series B and C stages, with no limit on potential investments. “We are boundaryless in terms of funds that we will be putting into this,” Intuit’s CEO, Sasan Goodarzi, told TechCrunch. “We have told [Intuit Ventures’ leaders] to bring us the investments until the time we say, ‘no,’ but I don’t think there will ever be a ‘no.’” Intuit Ventures’ first investment was in Toronto-based Clearco, which raised US$215 million in a SoftBank-led fundraising round in July.
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