Powering the future
of commerce for all

We back entrepreneurs from every background building the infrastructure for tomorrow's industries

Narvar

Beyond the
buy button

Delivering 360° shopping to top retailers

Marqeta

Issuing the future

Enabling new ways of doing business by modernizing how payments work

Vestwell

Retirement plans reimagined

Retirement plans reimagined. Providing a digital retirement platform that works

Snapsheet

Claims processing made easy

Streamlining outdated insurance claim processes

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Our Mission

To partner with entrepreneurs who are building the platforms required for the future of retail and financial services.

Our Sector Focus

Our narrow focus and sector-specific network helps companies find more customers, distribution partners, advisors, and key executives.

Understanding the Commerce Continuum™

Shop

Enabling the next generation of physical and digital retail

Our Shop Portfolio

Spend

Making payments faster and more efficient for consumers and businesses

Our Spend Portfolio

Secure

Revolutionizing the underwriting, servicing and operations of insurance companies

Our Secure Portfolio

Save

Powering new and old financial institutions with transformational software

Our Save Portfolio

Retail Tech

Payment Tech

Insurance Tech

Banking Tech

Our Portfolio Companies

Exit
IPO
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Themes

We take a deeply thematic approach to investing. Our themes are inspired by the vision of entrepreneurs and the needs expressed by thought leading corporate executives in our network.

Recent Areas of Focus Include

01 — Tokenizing Value:Stablecoins

Programmable Dollars for Borderless B2B Payments

Stablecoins offer a faster, cheaper, and programmable alternative to legacy cross-border payments. They’re already transforming B2B flows, treasury ops, and global merchant settlement.

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02 — Agentic Commerce

AI Is Changing How Consumers Find (and Buy) Products and Services

AI is reshaping how people discover and buy online. As bots replace browsers, merchants and infrastructure providers must adapt to a world where shopping happens via API, not UI.

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03 — AI for Accounting

AI will Automate Many Core Finance Functions

AI is already automating many tasks for finance teams. As the technology advances, its applicability will expand to support broader workflows across accounting and auditing.

04 — Commercial Lending

Modernizing the Credit Stack for Banks & Private Credit

Commercial credit is shifting fast, but the systems that support it haven’t kept up. As private credit steals increasing share from bank lenders, tech is the key to faster decisions, smarter risk, and better margins.

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Meet the Team