Core Innovation Capital

Core Innovation Capital

Core Innovation Capital is a venture capital firm investing in companies committed to empowering small businesses.

Company Overview

Core Innovation Capital is a leading investor in financial technologies serving the emerging middle class, the 80 million Americans that generate over $1 trillion in annual income and spend more than $89 billion in fees and interest on financial services. Core partners with proven entrepreneurs invest in disruptive financial technologies that measurably improve the lives of the Emerging Middle Class. The Core Impact Alignment investment thesis leverages social impact to create an above-market financial return.

History

Founded in 2011 by Arjan Schütte, Core Innovation Capital is a private equity and venture capital firm based in Los Angeles with an additional office in San Francisco, California. The firm seeks to invest in companies that serve the United States. It specializes in investments in seed through growth-stage opportunities.

Investments

Core Innovation Capital has made 34 investments. One of their investments was on Jan 29, 2019, when they invested $4.7M in LoanSnap. Core Innovation Capital has raised a total of $220M across three funds, one of them being Core Innovation Capital III. This fund was announced on Apr 8, 2019, and raised a total of $100M. The firm has $23.6M in estimated revenue annually. Core Innovation Capital competes with Omidyar Network, North Base Media, and SJF Ventures.

The firm prefers to invest in financial technology, security software, wireless access, telephone equipment, and financial services companies that provide consumer finance products targeting the underbanked consumer markets. It may also invest in applications for mobiles. It prefers to invest between $1 million to $10 million.

Timeline

April 8, 2019

Core Innovation Capital III

$100M.

January 29, 2019

LoanSnap

$4.7M.

Funded Companies

Company
Description
Website
Industry
Location

Ripple is a global currency exchange and remittance network that aims to lower the cost and improve the speed of international bank transfers relative to legacy financial infrastructure.

PayJoy is a software development company offering a mobile digital platform to purchase new smartphones and receive loans using their smartphone as collateral.

Bestow is a company founded by Jonathan Abelmann.

SynapseFI is a San Francisco-based business-to-business company.

SAY is a social media company.

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People

Name
Role
LinkedIn

Alex Davidov

Employee

Arjan Schütte

Founder

Colleen Poynton

Employee

David Sagalov

Employee

Thomas Smyth

Employee

Zev Wexler

Employee

Further reading

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Type
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Documentaries, videos and podcasts

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Date
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Companies

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CEO
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References

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