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Investments

40

Portfolio Exits

2

Funds

2

Partners & Customers

1

About Motley Fool Ventures

Motley Fool Ventures is the corporate venture arm of The Motley Fool.

Motley Fool Ventures Headquarter Location

2000 Duke Street Suite 250

Alexandria, Virginia, 22314,

United States

703-838-3665

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Latest Motley Fool Ventures News

Caribou Raises $115 Million in Series C Funding, Valuing Company at $1.1 Billion

May 31, 2022

Funding round led by existing investor Goldman Sachs Asset Management Caribou, the auto fintech whose mission is to help people take control of their car payments, announced it has closed $115 million in an oversubscribed Series C funding round, which brings the company’s valuation to $1.1 billion. The round was led by Goldman Sachs Asset Management (Goldman Sachs), with participation from new investors, including Innovius Capital and Harmonic, as well as existing investors, including Accomplice, CMFG Ventures, Curql Fund, Firebolt Ventures, Gaingels, Moderne Ventures, Motley Fool Ventures and others. Auto lending is the fastest growing consumer credit market in the U.S., with total auto debt having doubled to roughly $1.5 trillion in little more than 10 years. With the cost of car ownership soaring, Caribou is providing consumers with much-needed financial relief, saving its customers on average more than $100 a month on their auto loan through refinancing. The company is expanding its services across the auto financial landscape, recently launching its digital car insurance marketplace. “We are putting people in control of their auto finances, saving them thousands of dollars with a fast and easy process,” said Caribou CEO Kevin Bennett . “We’re proud of what we are building and grateful to have such a talented team and experienced group of investors backing our vision. We are just getting started.” Founded in 2016, Caribou (formerly MotoRefi) has rapidly grown its core auto refinancing offering by connecting car owners with lenders from credit unions, community banks and other trusted financial institutions. Caribou now also provides a quick and easy way to shop and compare car insurance from trusted national carriers in minutes with its new car insurance marketplace. By combining technology with expert lending and insurance teams, Caribou is prioritizing transparency and trust in the car ownership experience. Since closing its first auto loan for customers a little over four years ago, Caribou has refinanced more than $1.5 billion in loans, saving its customers over $100 million in total interest over the lifetime of their loans. The company has simultaneously scaled its business operations across Washington D.C. and Denver, as well as remotely, building a 500-person workforce, up from roughly 40 employees two years ago. The Series C funding round will help Caribou to continue its strong growth trajectory by investing in its platform, innovative new products and continuing to expand the team. “Caribou is building an important company with a great culture that helps consumers and lenders in an enormous market. That’s why we’re thrilled to be doubling down on our initial investment by leading Caribou’s Series C funding round,” said Jade Mandel , Vice President within the Growth Equity business within Goldman Sachs Asset Management and a member of Caribou’s Board of Directors. “In a few short years, Caribou has established itself as the industry leader in auto fintech, already having saved customers more than $100 million on their car payments. We’re excited about the launch of its digital insurance marketplace and we can’t wait for what’s next.” “We couldn’t be more excited to join Caribou on its mission to put consumers in control of their car payments,” said Justin Moore , CEO of Innovius Capital. “With the costs of car ownership soaring, and macroeconomic headwinds negatively impacting people’s finances, we believe that it’s more important than ever to help people save money. Caribou has established itself as the go-to platform to refinance their auto loan and we are excited for all that is to come.” Caribou’s Series C round builds on a successful $50 million Series B that closed in May 2021, which was also led by Goldman Sachs. The Series C round brings the total funding Caribou has raised to more than $190 million since the company’s founding in 2016.

Motley Fool Ventures Investments

40 Investments

Motley Fool Ventures has made 40 investments. Their latest investment was in KETOS as part of their Unattributed VC on June 6, 2022.

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Motley Fool Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/27/2022

Unattributed VC

KETOS

$8.27M

No

1

5/23/2022

Series C

Caribou

$115M

No

8

3/15/2022

Seed VC

Karlsgate

$4M

Yes

6

2/16/2022

Series A

Subscribe to see more

$99M

Subscribe to see more

10

1/31/2022

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

6/27/2022

5/23/2022

3/15/2022

2/16/2022

1/31/2022

Round

Unattributed VC

Series C

Seed VC

Series A

Series A

Company

KETOS

Caribou

Karlsgate

Subscribe to see more

Subscribe to see more

Amount

$8.27M

$115M

$4M

$99M

$99M

New?

No

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

8

6

10

10

Motley Fool Ventures Portfolio Exits

2 Portfolio Exits

Motley Fool Ventures has 2 portfolio exits. Their latest portfolio exit was StreetShares on March 10, 2022.

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

3/10/2022

Acquired

$99M

1

5/25/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

3/10/2022

5/25/2021

Exit

Acquired

Acquired

Companies

Subscribe to see more

Valuation

$99M

$99M

Acquirer

Subscribe to see more

Sources

1

10

Motley Fool Ventures Fund History

2 Fund Histories

Motley Fool Ventures has 2 funds, including Motley Fool Ventures.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/15/2018

Motley Fool Ventures

Early-Stage Venture Capital

Closed

$145.74M

3

Motley Fool Ventures II

10

Closing Date

11/15/2018

Fund

Motley Fool Ventures

Motley Fool Ventures II

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$145.74M

Sources

3

10

Motley Fool Ventures Partners & Customers

1 Partners and customers

Motley Fool Ventures has 1 strategic partners and customers. Motley Fool Ventures recently partnered with BasisCode Compliance on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/28/2021

Vendor

United States

» Motley Fool Asset Management, LLC and Motley Fool Wealth Management, LLC Select BasisCode Compliance as their Compliance Management Software Platform.

ATLANTA , July 28 , 2021 / PRNewswire / -- Motley Fool Asset Management , LLC and Motley Fool Wealth Management have selected BasisCode Compliance LLC ™ as their software platform to serve as the compliance management and service delivery vehicle .

1

Date

7/28/2021

Type

Vendor

Business Partner

Country

United States

News Snippet

» Motley Fool Asset Management, LLC and Motley Fool Wealth Management, LLC Select BasisCode Compliance as their Compliance Management Software Platform.

ATLANTA , July 28 , 2021 / PRNewswire / -- Motley Fool Asset Management , LLC and Motley Fool Wealth Management have selected BasisCode Compliance LLC ™ as their software platform to serve as the compliance management and service delivery vehicle .

Sources

1

Motley Fool Ventures Team

1 Team Member

Motley Fool Ventures has 1 team member, including current Managing Director, Ollen Douglass.

Name

Work History

Title

Status

Ollen Douglass

Managing Director

Current

Name

Ollen Douglass

Work History

Title

Managing Director

Status

Current

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