CMFG Ventures

CMFG Ventures

The venture capital arm of CUNA Mutual Group, an insurance company. It was founded in 2016 and is located in Madison, Wisconsin.

CMFG Ventures is a Wisconsin-based venture capital firm that invest in companies creating products and services which are geared towards credit unions. It invests in companies at various stages including Series A, B, and C and generally invests in financial technology. Initial investments vary from $1 to $5 million and as of 2019, the firm has more than ten companies in its portfolio. The firm is partnered with Filene Research Institute so that the products and software that are developed by its portfolio companies can be tested prior to launching.

Timeline

Funded Companies

Company
Description
Website
Industry
Location
Happy Money (finance company)

A company offering financial services to their customers save money.

Personal finance
Financial services
Lifestyle
Costa Mesa, California
Vault (finance company)

Student Loan Genius is now Vault, a student loan benefits platform, providing employers with enterprise-grade tools to help employees with student loans.

Personal finance
Financial services
Payment system
Mirador Financial

Mirador Financial is a Portland, Oregon-based small business lending platform.

Financial services
Financial inclusion
Banking industry
Portland, Oregon
Rippleshot

Rippleshot is a Chicago-based company founded in 2012 by Canh Tran, Yueyu Fu and Randal Cox.

Artificial intelligence (AI)
Financial services
Financial technology
Banking industry
Chicago
MortgageHippo

MortgageHippo is a Chicago-based company founded in 2013 by Valentin Saportas.

Local search (Internet)
Mortgage loan
Real estate technology
Chicago
ForeverCar.com

ForeverCar.com is a Chicago-based company founded by Dave Forman.

E-commerce
Automotive industry
Chicago
BankBI

Credit union
Banking industry
Financial services
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People

Name
Role
LinkedIn

Brian Kass

Managing Director

Sam Das

Principal

Further reading

Title
Author
Link
Type
Date

CUNA Mutual’s VC Arm Launches New FinTech Incubator

Jim Dallke

Web

July 23, 2019

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Samantha Hurst
May 29, 2020
Crowdfund Insider
Click HERE to find out ⭐ Student Loan Refinance Marketplace Splash Financial Raises $12.3 Million Through Series A Funding Round Led By CMFG Ventures & Northwestern Mutual Future Ventures. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.

References

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