Flourish Ventures on repeat founders, emerging markets, and when not to hop on the AI bandwagon

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2 • 365 Ratings

🗓️ 7 August 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

In today’s episode of Equity Podcast, Mary Ann Azevedo talked to Flourish Ventures co-founders Tilman Ehrbeck, Emmalyn Shaw and Arjuna Costa about a variety of topics, including how their investment themes have evolved in the past 5 years and what trends they’re most excited about today. We also got their opinion on M&A deals in fintech, AI and founder wellness, among other things. The trio founded Flourish Ventures in 2019 and now the evergreen firm has $850 million under management, last raising a $350 million fund in October of 2023. Flourish invests all over the world, backing fintech startups in the U.S., and across Africa, Asia and Latin America. Notable investments include digital bank Chime, Brazilian neobank Neon, which was last priced at $1.6 billion; embedded finance startup Unit, and African payments infrastructure company Flutterwave.

Transcript

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0:00.0	Hello and welcome back to Equity Tech Crunch's flagship podcast about the
0:15.3	business of startups. I'm Marianne Asavado and this is our Wednesday episode
0:19.3	where we hone in on a trend in the startup world and dive deep. Today we're talking to
0:24.1	flourish ventures, Tillman Erbeck, Emeline Shaw, and Arjana Costa. We're going to
0:30.3	be talking about how the firm's investment themes have evolved in the past five years,
0:34.4	what trends they're most excited about today, and I'd also like to get their opinion on some of the current
0:39.6	events and M&A deals in FinTech.
0:42.8	Thank you all so much for being here.
0:44.0	It's great to see you and talk to you again.
0:46.2	Thanks so much for having us.
0:47.3	It's a pleasure.
0:48.1	Yeah.
0:48.9	So the three of you founded Flourished Ventures in 2019, and now you have as a firm $850 million under
0:56.6	management you invest all over the world and do you back FinTech startups
1:01.6	exclusively is that correct?
1:03.4	That is correct.
1:04.4	Yes, all right.
1:05.5	So you invest in the US, across Africa, Asia,
1:08.8	and Latin America.
1:10.4	Also, you're an evergreen firm,
1:12.2	so that means your investing is open-ended.
1:15.0	That's also true, yep.
	...

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