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Venture Capital
afore.vc

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Investments

47

Portfolio Exits

2

Funds

2

About Afore Capital

Afore Capital is a venture capital firm specializing in pre-seed stage investments.

Afore Capital Headquarter Location

3053 Fillmore Street

San Francisco, California, 94123,

United States

650-241-0777

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Latest Afore Capital News

Neo Financial Raises $64M in Series B Funding

Sep 15, 2021

Neo Financial , a Calgary, AB and Winnipeg MB-based financial technology company, raised $64m in Series B funding. The round, which brought total funding to $114m CAD, was led by Valar Ventures with participation from Greenoaks Capital, Altos Ventures, Breyer Capital, Golden Ventures, Afore Capital, Inovia Capital, Thomvest and Maple VC. The company intends to use the funds to: continue to grow its team from both Calgary and Winnipeg, hiring for over 100 roles in software development and engineering, product, design, operations, and more. launch new integrated fintech partnerships with retailers, and introducr new products and features across the entire journey of Canadians’ financial lives. Led by co-founder and CEO Andrew Chau, Neo Financial is re-imagining spending, savings and rewards by using technology to simplify finances, create rewarding experiences, and build community for all Canadians. The company initially launched in 2020 with the Neo Card, a no fee Mastercard that earns an average 4-6% cashback at partners and at least 1% cashback across all spend, and the Neo Savings account, a high-interest savings account. Since the launch, Neo has partnered with over 4,000 retail partners on their national cashback network, including a strategic partnership with Hudson’s Bay to power their new Hudson’s Bay Mastercard. The credit card is issued by ATB Financial and backed by the Mastercard network, and the Neo Savings account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. FinSMEs 15/09/2021

Afore Capital Investments

47 Investments

Afore Capital has made 47 investments. Their latest investment was in Neo Financial as part of their Series B on September 9, 2021.

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Afore Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/15/2021

Series B

Neo Financial

$50.65M

No

Altos Ventures, Breyer Capital, Golden Ventures, Greenoaks Capital Management, Inovia Capital, Maple VC, Thomvest Ventures, and Valar Ventures

4

8/31/2021

Series A

Osana

$20M

Yes

Addition, FJ Labs, General Catalyst, K50 Ventures, Preface Ventures, and Quiet Capital

3

8/31/2021

Seed VC

HoneyBee

$5.7M

Yes

Baron Davis, Financial Venture Studio, K50 Ventures, Rebalance Capital, and Resolute Ventures

4

8/5/2021

Seed VC - II

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$99M

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10

8/5/2021

Series A

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$99M

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10

Date

9/15/2021

8/31/2021

8/31/2021

8/5/2021

8/5/2021

Round

Series B

Series A

Seed VC

Seed VC - II

Series A

Company

Neo Financial

Osana

HoneyBee

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Amount

$50.65M

$20M

$5.7M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

Altos Ventures, Breyer Capital, Golden Ventures, Greenoaks Capital Management, Inovia Capital, Maple VC, Thomvest Ventures, and Valar Ventures

Addition, FJ Labs, General Catalyst, K50 Ventures, Preface Ventures, and Quiet Capital

Baron Davis, Financial Venture Studio, K50 Ventures, Rebalance Capital, and Resolute Ventures

Sources

4

3

4

10

10

Afore Capital Portfolio Exits

2 Portfolio Exits

Afore Capital has 2 portfolio exits. Their latest portfolio exit was Onyx on January 20, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/20/2021

Acquired

$991

11

00/00/0000

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10

Date

1/20/2021

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

11

10

Afore Capital Fund History

2 Fund Histories

Afore Capital has 2 funds, including Afore Capital II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/29/2020

Afore Capital II

$78.08M

3

10/2/2017

Afore Capital Fund I

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$99M

10

Closing Date

7/29/2020

10/2/2017

Fund

Afore Capital II

Afore Capital Fund I

Fund Type

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Status

Amount

$78.08M

$99M

Sources

3

10

Afore Capital Team

1 Team Member

Afore Capital has 1 team member, including current Founder, Managing Partner, Gaurav Jain.

Name

Work History

Title

Status

Gaurav Jain

Founder, Managing Partner

Current

Name

Gaurav Jain

Work History

Title

Founder, Managing Partner

Status

Current

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