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.
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.
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.
Core Innovation Capital III
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.
NerdWallet is a San Francisco-based provider of financial information, offering consumers personalized advice to help them make money decisions.
Blueprint Income is a company that provides pre-determined retirement options
A company providing an API for global consumer finance information
Fundera is a company founded in 2013 by Jared Hecht.
PayJoy is a software development company offering a mobile digital platform to purchase new smartphones and receive loans using their smartphone as collateral.
A company designing fertility plans and benefits for employees
Mirador Financial is a Portland, Oregon-based small business lending platform.
Bestow is a Dallas-based insurance company founded in 2016 by Jonathan Abelmann.
Noyo is an API platform provider for the online health insurance industry.