Clocktower Technology Ventures
Investments
267Portfolio Exits
21Funds
4About Clocktower Technology Ventures
Clocktower Ventures (CTV) is the fintech venture capital arm of Clocktower Group. CTV invests in early and growth-stage financial services innovation, partnering with entrepreneurs who have the vision and drive to reinvent the industry. CTV supports companies across all sectors of fintech, including lending, credit & banking, payments, insurance, capital markets & investments, personal finance, enterprise financial stack, and real estate finance, and currently manages a portfolio of over 175 companies across the US, Latin America, and Europe. Clocktower Technology Ventures was founded in 2015 and is based in Santa Monica, California.
Latest Clocktower Technology Ventures News
Oct 27, 2023
With investment from Fika, Navitas, and Clocktower LOS ANGELES–(BUSINESS WIRE)– Blox , the financial AI automation company for real estate, announced the launch of its all-in-one software platform today. Blox uses machine learning to automate key receivables tasks, including statement audit, refunds, payments, messaging, disputes, settlements, and bank treasury. Blox is founded by real estate technology veteran, Derek Merrill, who previously founded LeaseLock, installed in almost 500,000 apartment homes. Blox closed pre-seed investment from Fika Ventures, Navitas Capital, and Clocktower Technology Ventures. Navitas is anchored by strategic real estate LPs that include AvalonBay, Equity Residential, Greystar, and Invitation Homes. Blox is designed to help rental property operators centralize financial operations to drive efficiency, while also generating property NOI. The platform’s AI capabilities are fueled by property data sets, enabling individualized payment plans, email and text notifications, custom settlement offers, and other receivables automations. All features are managed from a single dashboard by a centralized resource, freeing up site teams to focus on core property initiatives. “The current market is forcing property management companies to accelerate their future operating models,” said Derek Merrill, CEO and founder of Blox. “Software is required to enable the transformation—and Blox is excited to help operators get there.” “We’re excited to partner with Blox, led by a visionary founder applying AI and machine learning to unfold a wider financial technology platform for the built world,” said TX Zhuo, General Partner at Fika. Blox comes pre-integrated to all major property management systems including RealPage, Yardi, Entrata, MRI, and ResMan. For more information, please visit bloxbot.com . About Blox: Blox is financial AI automation for real estate. Our all-in-one software platform helps rental property operators automate key receivables tasks, including statement audit, refunds, payments, messaging, disputes, settlements, and bank treasury. Blox is designed to help property management companies centralize their operations and drive efficiency, while also boosting property NOI. Contacts
Clocktower Technology Ventures Investments
267 Investments
Clocktower Technology Ventures has made 267 investments. Their latest investment was in Blox as part of their Pre-Seed on October 10, 2023.
Clocktower Technology Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
10/27/2023 | Pre-Seed | Blox | Yes | 3 | ||
10/17/2023 | Seed VC - III | QuoteMachine | $3.7M | No | 1 | |
9/21/2023 | Series D | Openly | $100M | No | Eden Global Partners, Gradient Ventures, Triniti Capital, and Undisclosed Investors | 4 |
7/5/2023 | Series B | |||||
7/1/2023 | Seed VC - II |
Date | 10/27/2023 | 10/17/2023 | 9/21/2023 | 7/5/2023 | 7/1/2023 |
|---|---|---|---|---|---|
Round | Pre-Seed | Seed VC - III | Series D | Series B | Seed VC - II |
Company | Blox | QuoteMachine | Openly | ||
Amount | $3.7M | $100M | |||
New? | Yes | No | No | ||
Co-Investors | Eden Global Partners, Gradient Ventures, Triniti Capital, and Undisclosed Investors | ||||
Sources | 3 | 1 | 4 |
Clocktower Technology Ventures Portfolio Exits
21 Portfolio Exits
Clocktower Technology Ventures has 21 portfolio exits. Their latest portfolio exit was Flink on November 28, 2023.
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 |
|---|---|---|---|---|---|
11/28/2023 | Acquired | 2 | |||
6/1/2023 | Acquired | 8 | |||
2/21/2023 | Asset Sale | Undisclosed Investors | 1 | ||
Date | 11/28/2023 | 6/1/2023 | 2/21/2023 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Asset Sale | ||
Companies | |||||
Valuation | |||||
Acquirer | Undisclosed Investors | ||||
Sources | 2 | 8 | 1 |
Clocktower Technology Ventures Fund History
4 Fund Histories
Clocktower Technology Ventures has 4 funds, including Clocktower Technology 1 M1.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
12/1/2020 | Clocktower Technology 1 M1 | $6.83M | 1 | ||
11/19/2019 | Clocktower Technologies II | ||||
8/11/2016 | Clocktower Technologies I LP | ||||
Clocktower Technology LATAM Fund |
Closing Date | 12/1/2020 | 11/19/2019 | 8/11/2016 | |
|---|---|---|---|---|
Fund | Clocktower Technology 1 M1 | Clocktower Technologies II | Clocktower Technologies I LP | Clocktower Technology LATAM Fund |
Fund Type | ||||
Status | ||||
Amount | $6.83M | |||
Sources | 1 |
Compare Clocktower Technology Ventures to Competitors
Juuri Partners is a private equity investment fund that finances established and profitable small and medium-sized enterprises in Finland. Juuri Partners offers growth-focused companies a new business development and financing concept that combines active minority ownership, business operation support, and debt financing.
SenaHill Partners is a Merchant Bank offering a full suite of investment, operating, and advisory services to the Financial Technology Sector. As operators with deep domain expertise, the partnership leverages its experience, rolodex, and unparalleled industry advisor network to offer superior services that drive its partner companies' success. SenaHill focuses on four major vertical ecosystems: Capital Markets & Exchanges, Banking, Alternative Financing & Payments, Insurance & Asset Management, and Treasury & Cash Management.
Lafayette Square is an asset management platform that invests in early-stage companies and also focuses on the credit, residential real estate, renewable, and infrastructure energy sectors. It was founded in 2020 and is based in Miami, Florida.
Vation Ventures operates a research platform that allows customers to understand landscapes, investment trends, offerings, and company information. Its platform provides early-stage companies with the support needed to quickly accelerate their growth. The firm was founded in 2021 and is based in Denver, Colorado.
Catalyst is a search and social digital marketing agency, specialized in developing digital solutions. It is based in Boston, Massachusetts.
Accelerain is a sales development firm. It provides meeting scheduling, sales recruiting, sales development training, consulting, and other services to grow revenue. It serves the information technology, consulting, telecommunications, biotech, healthcare, marketing, and other sectors. It was founded in 2014 and is based in Philadelphia, Pennsylvania.
Loading...