NEW YORK, April 20, 2023 — Vesey Ventures, an early-stage venture firm investing in businesses revolutionizing financial services, announced today that its 78 million first fund has closed. Dana Eli-Lorch, Lindsay Fitzgerald, and Julia Huang, three former Managing Directors of AMEX Ventures, launched Vesey Ventures. Vesey Ventures will invest in early-stage fintech and enabling technology startups where there are prospects for early relationships with financial incumbents. The firm, which has offices in the US and Israel, has previously invested in several well-known companies, including Coast, Cyrus, Grain, Equi, and Proper.
Eli-Lorch, Fitzgerald, and Huang are uniquely positioned to recognize and seize chances for game-changing company development for their portfolio, given their over ten years of combined expertise investing in and forming partnerships for fintech startups. The founding team has developed over 100 collaborations between startups and financial services organizations and has a track record of investing in early fintech champions, including Melio, Plaid, Stripe, and Trulioo. Vesey Ventures combines the best aspects of its experiences to find, support, and develop the next wave of outstanding businesses. They have strong domain expertise in traditional financial services and a remarkable grasp of the startup environment.
According to founding partners Dana Eli-Lorch, Lindsay Fitzgerald, and Julia Huang, “Financial incumbents still own the crucial pieces startups need to succeed – infrastructure, capital, licenses, and customers – and we’ve seen firsthand how the most successful fintech companies were built in partnership with incumbents.” “We established Vesey Ventures to bridge the gap between businesses needing innovative technologies and those developing them, giving our portfolio firms a competitive edge at an early stage. We have an unmatched track record of delivering partnerships for our founders, which may be a game-changing component of a fintech company’s development narrative.
In addition to each Term Sheet, Vesey Ventures provides each portfolio company with a “Strategy Sheet” detailing how the company will use its vast network of strategic investors and advisers to serve as its first business development team. The company specializes in developing collaborations and offering strong access points across the financial services ecosystem to make them materialize as industry insiders who have worked at the nexus of finance and technology for years.
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