CMFG Ventures Discovery Fund
Corporate VCMadison · Pre-Seed–Series A
Investment thesis
The Discovery Fund was created to address inequities in the financial sector by backing underrepresented entrepreneurs focused on financial inclusion. It invests $5 million annually in early-stage fintech companies led by BIPOC, LGBTQ+ and women founders. The fund targets pre-seed, seed and Series A companies with a CEO from an underrepresented background, primarily serving U.S. consumers, writing checks of up to $1 million via equity and/or convertible debt. It acts as a syndicate rather than lead investor. Focus areas include liquidity management, credit access, wealth building, asset protection and financial literacy for low- and moderate-income members.
Source: firm website, verified Aug 3, 2026.
Frequently asked questions
- What stage does CMFG Ventures Discovery Fund invest at?
- CMFG Ventures Discovery Fund invests at the Pre-Seed, Seed, Series A stages.
- What is CMFG Ventures Discovery Fund's typical check size?
- CMFG Ventures Discovery Fund typically writes checks of $1M.
- What sectors does CMFG Ventures Discovery Fund focus on?
- CMFG Ventures Discovery Fund focuses on Fintech, Impact & Social Good, InsurTech.
- Where is CMFG Ventures Discovery Fund located?
- CMFG Ventures Discovery Fund is headquartered in Madison, US.
- Does CMFG Ventures Discovery Fund lead rounds?
- CMFG Ventures Discovery Fund typically participates in rounds rather than leading them.
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Co-investors · 6
Insight Partners is a venture and growth-stage software investor featuring a large portfolio of technology companies across multiple sectors and regions.
Citi Ventures is the corporate venture capital arm of Citi, based in Palo Alto with additional offices in New York, Shanghai, and Singapore. The unit makes equity investments and develops innovations that align with Citi's strategic priorities, working with both internal business units and external companies.
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Moderne Ventures is a strategic venture capital and growth equity firm investing in disruptive technology companies across real estate, insurance, finance, and sustainability, and running an industry immersion program called the Moderne Passport.
Motley Fool Ventures is an early-stage venture capital fund and sister company of The Motley Fool, which launched its first fund in 2018. It invests in early-stage technology companies, backed by the resources of an operating company.
Fintech Ventures Fund is an early-stage venture firm providing hands-on support, network access, and value-add resources to fintech founders. It has evaluated nearly 5,000 startups and partnered with about 20 companies.
Firms observed investing alongside CMFG Ventures Discovery Fund, from public investor directories. Shared companies are the overlap with CMFG Ventures Discovery Fund's recorded portfolio.
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