VC  Core Innovation Capital

http://www.corevc.com





     Office Locations:

1680 Vine Street, Suite 606
Los Angeles, CA 90028
Phone: 212-780-0193

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Stages:

  • Early


 

Industries:

  • Financial Services
  • Information Technology

  •  

    Description:

    Core Innovation Capital only invests in financial technology companies that provide consumer finance products targeting the un- and underbanked consumer markets. This includes payments solutions, credit solutions, and savings and investment instruments for the underbanked. The firm is interested in both customer-facing products and services, as well as business-to-business solutions within its underbanked focus. Core seeks early growth stage investment opportunities, targeting companies with a strong management team in place, a completed product with some market validation and one or two initial reference accounts. Core is focused on companies that serve people based in the United States. The firm will make its initial investments up to $5 million and seeks to reserve adequate capital to remain an active partner through a company's growth. As a 'double-bottom line' fund, Core seeks excellent financial returns as well as the ability to create a positive social impact on the lives of the underbanked. Core screens all of its investments for their ability to deliver both short- and long-term value for low-income consumers.


     

    Funds:


      Fund Name


      Amount


      Date

    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription or Silicon Valley Database subscription.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or Silicon Valley Database subscription.
    Arjan Schutte Managing Partner and Founder
    Kathleen Utecht Managing Partner

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      10/12/2021


      Atomic


      UT


      $22,000,000


      Series A


      08/18/2021


      One Finance


      CA


      $40,000,000


      Series B


      08/12/2021


      Klover


      IL


      $60,000,000


      Series A


      07/13/2021


      Mighty Buildings


      CA


      $22,000,000


      Venture


      05/11/2021


      Spinwheel


      CA


      $11,000,000


      


      02/18/2021


      SeedFi


      CA


      $15,000,000


      Series A


      02/09/2021


      Mighty Buildings


      CA


      $40,000,000


      Series B


      01/30/2021


      Yotta


      NY


      $13,200,000


      Series A


      12/16/2020


      Bestow


      TX


      $70,000,000


      Series C


     

    Portfolio companies include:


      Atomic
        web link


      Bestow
        web link


      Blast
        web link


      Blueprint Income
        web link


      CoverHound
        web link


      Jiko
        web link


      Klover
        web link


      L2C
        web link


      LoanSnap
        web link


      Mighty Buildings
        web link


      Mirador Financial
        web link


      Mosaic
        web link


      Noyo
        web link


      One Finance
        web link


      Pando
        web link


      PayJoy
        web link


      Progreso Financiero
        web link


      Ripple Labs
        web link


      SeedFi
        web link


      Spinwheel
        web link


      SynapseFI
        web link


      Wipit
        web link


      Yotta
        web link


     

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