Canapi Ventures

🚨 Cashmere Conversations is here! Jeffrey Reitman, one of our general partners, sat down with the visionary founders of our portfolio company, Cashmere, for a deep dive into the evolving wealth management landscape, the adoption of AI in financial services, Jeff's framework for investing in startups, and his journey in venture capital. Listen to the full episode on YouTube or Spotify.   Spotify: https://lnkd.in/gyuWM2sn YouTube: https://lnkd.in/g5wQcpGt

Anatomy Secures $19M Series A to Transform Healthcare Financial Operations 🚀 📬 We're excited to announce our Series A funding led by Canapi Ventures! Anatomy's AI-powered lockbox is set to revolutionize how healthcare practices manage their financial workflows. 27% of medical insurance payments and 79% of dental practice payments still arrive as paper checks. Anatomy is changing the game by digitizing these processes, saving healthcare providers countless hours of manual work. Ready to transform your practice's back-office workflow? Learn more at anatomy.com Thank you Aaron Weitzman for the write up in Axios!

"5, 10 years ago I didn't even want to touch wealth management with a 60,000 foot pole" We sat down with Canapi Ventures General Partner and our investor, Jeffrey Reitman to discuss his opinions on the rapidly changing wealth management landscape and the opportunities he is investing in across financial services. Check out the clip from our conversation below or the full episode itself, available now on Spotify and YouTube. Spotify: https://lnkd.in/gyuWM2sn YouTube: https://lnkd.in/g5wQcpGt

What’s next for financial services? At Canapi Ventures, we’re exploring that question every day by partnering with founders who are solving important challenges and building the future of fintech and enterprise software. With the support of 70+ financial institutions, we’re focused on fostering innovation—from early-stage startups to growth-stage leaders—and bringing new ideas to life.   #TechInnovations #Fintech #Cybersecurity #EnterpriseSoftware #GenAI   🔗Click below to read more about where we invest! https://lnkd.in/e2CqKKGu

Congratulations to Alloy, Capitolis, and Nova Credit for being named to Deloitte’s 2024 Technology Fast 500, a prestigious list celebrating North America’s most innovative and fastest-growing tech companies. They join an elite group that in past years has included juggernauts like Google, eBay, and Tesla. An achievement well deserved! https://lnkd.in/ev8PTq8

We’re very excited to work with OpenYield to support their mission of bringing transparency and efficiency to the bond market. Here’s to your continued growth and impact!

Really enjoyed sharing the stage with Matt Harris, Hans Morris, Ramin Niroumand, and Rakefet Russak-Aminoach at Team8's Fintech Village Event!

Exciting news from the Canapi team! 🎉 We're thrilled to welcome Kristie Han and Connie Qian as our newest Principals. They'll both focus on growth-stage enterprise software investment opportunities. Kristie joins with over a decade of investment experience at Bain Capital Ventures, PSG, and Riverside. Connie comes aboard with deep investment and operational expertise from her time at Forgepoint Capital and Block/Square.   We're so excited for the energy, ideas, and expertise they'll bring to our mission of supporting groundbreaking enterprise software and fintech companies.   Welcome, Kristie and Connie!   Read all about them in our press release: https://lnkd.in/eAKKdgBQ

Capitalize's new white paper reveals shocking inefficiencies in how Americans manage their retirement accounts, with nearly 80% unable to complete a rollover without assistance and transfers taking an average of two months. Capitalize is modernizing this critical financial process and improving retirement outcomes for millions of Americans. See the full article here: https://lnkd.in/gPy5Vgqw

Checks in the mail. Phone calls. Paperwork. Months of waiting. This is what the outdated 401(k) transfer process looks like for 10 million Americans who roll over $1 trillion in 401(k) assets each year without help. In a modern economy where most financial transfers take minutes or days, why does it take almost two months for most Americans to find and transfer their 401(k)? Today, Capitalize is releasing a new white paper on the outdated 401(k) rollover process, which remains significantly worse than other money movement processes like ACH and ACATs. Some of our key findings after surveying thousands of savers and reviewing a wide range of data: - Almost 80% of savers are unable to complete a rollover without assistance  - 43% of savers had to deal with a physical check while rolling over their account  - 80% resorted to a phone call or paperwork to complete their transaction - 54% of savers do not initially know where their legacy 401(k) account is held - The average 401(k) rollover takes an unassisted saver almost 2 months compared to several days for ACH and ACATs transfers At Capitalize, we’re on a mission to bring 401(k) rollovers into the 21st century and improve retirement outcomes for all Americans. We’re excited to share this data and work with financial institutions, advisors, employers and others to level up this outdated process.