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Venture Capital
canapi.com

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Investments

29

Portfolio Exits

1

Funds

2

About Canapi Ventures

Canapi is a venture capital firm that seeks to invest in early to growth-stage fintech companies offering disruptive alternatives to outdated business models and technologies.

Canapi Ventures Headquarter Location

801 17th Street NW Ste 1050

Washington, DC, 20006,

United States

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Latest Canapi Ventures News

Asset Class Secures $11.6m in Series A funding led by Canapi Ventures

Jul 12, 2022

Asset Class Secures $11.6m in Series A funding led by Canapi Ventures Submitted 12/07/2022 - 9:20am Asset Class, a financial technology (fintech) company headquartered in Dublin with offices in New York and London, has completed a $11.6 million Series A funding round, led by fintech-focused venture capital firm Canapi Ventures. New and existing investors, including Live Oak Ventures, Plexus Capital and Total Technology Ventures also participated in the round. Formed in 2020, Asset Class provides a range of custom investment management software solutions to clients across financial sectors, with a focus on private equity, venture capital, financial advisory and commercial lending.  The growth capital will allow Asset Class to focus on expanding its employee headcount, specifically in the areas of software and business development. Asset Class intends to capitalise on the positive tailwinds impacting the industry, which include growth in the number of private capital funds and accredited investors seeking access, a digital-first landscape, and trillions of dollars of cash ready to be deployed into the alternative fund strategies that Asset Class serves. Live Oak Ventures, the investment arm of Live Oak Bancshares, participated in the round to support solutions for its venture capital and private equity customer base.  Like this article? Sign up to our free newsletter Author Profile Related Topics Deals Intelligence

Canapi Ventures Investments

29 Investments

Canapi Ventures has made 29 investments. Their latest investment was in Asset Class as part of their Series A on July 7, 2022.

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Canapi Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/11/2022

Series A

Asset Class

$11.6M

Yes

5

6/17/2022

Series A

Able

$20M

Yes

1

6/9/2022

Series B

Middesk

$57M

Yes

3

6/8/2022

Series C

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$99M

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10

6/7/2022

Series C

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$99M

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10

Date

7/11/2022

6/17/2022

6/9/2022

6/8/2022

6/7/2022

Round

Series A

Series A

Series B

Series C

Series C

Company

Asset Class

Able

Middesk

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Amount

$11.6M

$20M

$57M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

1

3

10

10

Canapi Ventures Portfolio Exits

1 Portfolio Exit

Canapi Ventures has 1 portfolio exit. Their latest portfolio exit was Blend on July 15, 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

7/15/2021

IPO

$99M

Public

21

Date

7/15/2021

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

21

Canapi Ventures Fund History

2 Fund Histories

Canapi Ventures has 2 funds, including Canapi Ventures SBIC Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/30/2022

Canapi Ventures SBIC Fund

$545M

4

12/23/2019

Canapi Ventures Fund

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$99M

10

Closing Date

3/30/2022

12/23/2019

Fund

Canapi Ventures SBIC Fund

Canapi Ventures Fund

Fund Type

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Status

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Amount

$545M

$99M

Sources

4

10

Canapi Ventures Team

6 Team Members

Canapi Ventures has 6 team members, including current Founder, General Partner, Walker Forehand.

Name

Work History

Title

Status

Walker Forehand

Founder, General Partner

Current

Neil Underwood

S1, and Brokat

Founder, General Partner

Current

Peter Underwood

nCino, Ice.com, Lord Abbett, and Wall Street Access

Chief Technology Officer

Current

Gene Ludwig

Managing Partner

Current

Mark Lindsey

Chief Financial Officer, Chief Compliance Officer

Former

Name

Walker Forehand

Neil Underwood

Peter Underwood

Gene Ludwig

Mark Lindsey

Work History

S1, and Brokat

nCino, Ice.com, Lord Abbett, and Wall Street Access

Title

Founder, General Partner

Founder, General Partner

Chief Technology Officer

Managing Partner

Chief Financial Officer, Chief Compliance Officer

Status

Current

Current

Current

Current

Former

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