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Venture Capital
FINANCE | Investment Firms & Funds
fenwaysummer.com

Investments

42

Portfolio Exits

4

Funds

3

About Fenway Summer Ventures

Fenway Summer Ventures (FSV) supports bold pioneers tackling massive challenges at the intersection of finance and technology. FSV provides insights to entrepreneurs re-inventing the multi-trillion dollar financial services industry by building innovative companies, strong brands, and world-class teams.

Headquarters Location

7315 Wisconsin Avenue Suite 960 West

Bethesda, Maryland, 20814,

United States

202-864-6231

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Latest Fenway Summer Ventures News

Loan readiness platform Parlay raises $1.3m to offer inclusive access to financial resources for small businesses

Feb 16, 2024

Loan readiness platform Parlay raises $1.3m to offer inclusive access to financial resources for small businesses Published: 16-02-2024 10:04:00 | By: Pie Kamau | hits: 14 | Tags: Parlay , the first-of-its kind small business loan readiness platform, announced the close of $1.3 million in pre-seed financing led by Fenway Summer. Other firms investing in the round include Hivers and Strivers Capital, Service Provider Capital, Capacity Capital, and Alumni Ventures, together with a follow-on investment from Techstars. Founded in 2022, Parlay partners with community banks and credit unions to enable financial inclusion and capital access for the small business market - over 33 million diverse small business owners across the United States. Alex Mcleod , CEO, Parlay: "This pre-seed funding enables us to continue fulfilling our mission: partnering with community banks and credit unions to extend more loans to the small businesses that form the backbone of our economy. We're excited to continue this important work with strategic champions like Fenway Summer by our side." Raj Date , Managing Partner, Fenway Summer: "We are excited and proud to back Parlay. Small businesses drive the American economy; access to capital drives small businesses. Parlay's loan readiness platform is an innovative approach to helping banks and credit unions better access and underwrite those critical small business customers. But what we are most excited about is supporting a founding team that is as ambitious, talented, and passionate as this one." Parlay was selected to participate in  The PenFed Foundation Veteran Entrepreneur Program  Fall 2023 Cohort. The program exclusively supports veteran and military spouse entrepreneurs building highly scalable startup companies — ranging from the idea stage through to Series A and beyond.

Fenway Summer Ventures Investments

42 Investments

Fenway Summer Ventures has made 42 investments. Their latest investment was in Parlay as part of their Pre-Seed on February 14, 2024.

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Fenway Summer Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/14/2024

Pre-Seed

Parlay

$1.3M

Yes

2

10/11/2023

Series C

Matic

$20M

No

1

4/25/2023

Series A - II

Summer

$6M

Yes

1

6/15/2021

Convertible Note - II

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$99M

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10

2/9/2021

Convertible Note

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$99M

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10

Date

2/14/2024

10/11/2023

4/25/2023

6/15/2021

2/9/2021

Round

Pre-Seed

Series C

Series A - II

Convertible Note - II

Convertible Note

Company

Parlay

Matic

Summer

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Amount

$1.3M

$20M

$6M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

2

1

1

10

10

Fenway Summer Ventures Portfolio Exits

4 Portfolio Exits

Fenway Summer Ventures has 4 portfolio exits. Their latest portfolio exit was PeerIQ on June 23, 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

6/23/2021

Acquired

$99M

7

7/11/2019

Acquired

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$99M

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10

4/3/2019

Acquired

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$99M

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10

2/1/2019

Acquired

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$99M

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10

Date

6/23/2021

7/11/2019

4/3/2019

2/1/2019

Exit

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

7

10

10

10

Fenway Summer Ventures Fund History

3 Fund Histories

Fenway Summer Ventures has 3 funds, including Fenway Summer Ventures.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2015

Fenway Summer Ventures

Early-Stage Venture Capital

Closed

1

Fenway Summer Special Opportunities 2018

10

Fenway Summer Ventures II LP

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10

Closing Date

12/31/2015

Fund

Fenway Summer Ventures

Fenway Summer Special Opportunities 2018

Fenway Summer Ventures II LP

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

Sources

1

10

10

Fenway Summer Ventures Team

3 Team Members

Fenway Summer Ventures has 3 team members, including , .

Name

Work History

Title

Status

Mitch Hochberg

Founder

Current

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Name

Mitch Hochberg

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Work History

Title

Founder

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Status

Current

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