Fundraising Fox

Flourish Ventures

Venture capital

San Francisco · Pre-Seed–Series A · 35 people tracked

Fox Verdict
Sign up to see your fit

Investment thesis

Flourish Ventures is a global early-stage venture fund focused on fintech and mission-driven financial services. It backs ambitious founders reshaping financial systems, with an emphasis on hands-on, founder-friendly support that goes beyond capital. Beyond funding, the firm nurtures founders through development workshops and one-on-one work with its investment team, helping build self-awareness and resilience. Flourish invests globally, with notable activity across the United States, Latin America, Africa, India, and Southeast Asia, and highlights a strong commitment to backing female founders and companies advancing inclusive, impactful financial systems.

Invests inFintechImpact & Social GoodAfricaAsia-PacificBangladeshBrazilColombiaGlobalIndiaLatin AmericaMexicoSan FranciscoSouth AfricaUnited KingdomUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$100K – $5M
HQ
San Francisco, CA, US
Leads rounds
Leads
Instruments
Equity
Founded
2019
AUM
$850M
Tracked investments
44

Team · 35 people

from the firm's website & public directories
Nader Youssef· Investment Associate
Crystal Sun· Analystin
Jana Aboughali· Analystin
Pranav Mittal· Analystin𝕏
Su Fen Goh· Investorin𝕏

What they invest in

from 26 of 44 portfolio companies

Fintech ×23AI & Machine Learning ×7Impact & Social Good ×6Crypto & Web3 ×4Enterprise Software ×4SaaS ×4Consumer ×3GovTech ×3

HQs:United States×5India×3Nigeria×2Bangladesh×1Mexico×1

Investments · 44 tracked

founders shown can be your intro path

By year:2021 · 12019 · 12 dated

Super-appgrab.comin𝕏NASDAQ: GRAB
ApnaKlubapnaklub.com✓ verified

ApnaKlub is a B2B wholesale platform that supplies retailers, SMEs, and business owners in India's Tier 2 and Tier 3 cities with a wide range of branded products, offering better margins, on-time delivery, and customer support.

B2B MarketplacesE-commerceRetail TechIndia, IN

Shruti(Founder & CEO)Manish Kumar(Co-Founder & COO)Gourav Das(Co-Founder & CPTO)Ashutosh Kumar(Co-Founder & Growth Head)

Lidya HoldingsMay 2021SEC filingmedium confidence

Greenbelt, US

Ashley Lewis(Director)Akintunde Kehinde(Chief Executive Officer)Christian Ruehmer(Director)Ercin Eksin(Director)

Board seatAmeya Upadhyay· per SEC Form D · filed May 2021

Affordplanaffordplan.com

Affordplan is a healthcare financing platform in India that helps patients plan and pay for medical treatments.

Digital HealthFintechHealthtech

Afi Globalafi-global.orgin𝕏

The Alliance for Financial Inclusion (AFI) is a policy leadership alliance owned and led by member central banks and financial regulators in developing countries.

FintechImpact & Social Good

Akuaakua.lain𝕏
Alboalbo.mxin𝕏

albo is a Mexican digital financial institution (IFPE authorized by the CNBV) offering a fully digital personal account with a Mastercard debit card, transfers, bill payments, and access to credit and crypto through commercial partners.

ConsumerEnterprise SoftwareFintech

Alloyalloy.comin𝕏

Alloy provides an identity and fraud prevention platform for financial institutions and fintechs to manage fraud, credit, and compliance risk through real-time data orchestration and AI algorithms integrated with over 200 intelligence sources.

AI & Machine LearningCybersecurityFintech

Tommy Nicholas(CEO)inLaura Spiekerman(President)inCharles Hearn(CTO)in

Apollo Agricultureapolloagriculture.comNov 2019

Apollo Agriculture provides financing, farm inputs, insurance, and agricultural training to smallholder farmers, using machine learning credit models to make instant lending decisions.

AgTechAI & Machine LearningFintechOakland, US

Earl Joseph St. Sauver(Director)Seth Todd Silverman(Director)Eli John Pollak(Executive Officer, Director)Eli Pollak(Co-founder & CEO)Benjamin Njenga(Co-founder)Earl St Sauver(Co-founder)

Aquaconnectaquaconnect.bluein
Betterthancashbetterthancash.org
Bitnobbitnob.com

Bitcoin exchange + Lightning payments for Africa

Blupryntbluprynt.com
Borderless Labsborderless.xyz𝕏

Borderless operates a stablecoin orchestration network that connects local banking systems, multiple stablecoins, and foreign exchange services to enable cross-border money transfers for financial institutions and payment providers globally.

Crypto & Web3Fintech

Bricobrico.aiin
Brigithellobrigit.com𝕏

Brigit is a mobile financial health app that helps low-income Americans avoid overdrafts, access emergency cash, build credit, and budget for savings.

Fintech

Zuben Mathews(Co-founder)Hamel Kothari(Co-founder)

CardioMEMScookiedatabase.org
Cdficdfi.inin

CDFI builds data-driven governance tools and digital payment systems—including direct benefit transfer (DBT) portals and mobile apps—to support financial inclusion, health, and livelihood programs for rural communities, farmers, women's self-help groups, and government agencies across India.

FintechGovTechImpact & Social Good

Cgapcgap.orgin𝕏

CGAP works to expand access to financial services for people living in poverty and the unbanked, focusing on inclusive finance and financial policy.

FintechImpact & Social Good

Chimechime.com
CipherOwlcipherowl.comin𝕏

CipherOwl provides AI-powered security and compliance infrastructure for institutional stablecoins and digital assets, automating screening, investigation, and regulatory reporting across blockchain networks.

AI & Machine LearningCrypto & Web3Cybersecurity

Clerkieclerkie.io

Clerkie is a full-service automation platform powered by machine learning that helps lenders manage, optimize, and recover loan portfolios through AI-driven repayment strategies and multi-currency payment solutions.

AI & Machine LearningFintech

Consumerreportsconsumerreports.orgin𝕏

Consumer Reports is a nonprofit organization that provides product reviews, ratings, and buying advice to consumers, offering access to over 10,000 reviews and an "AskCR" chat assistant.

ConsumerMedia & Entertainment

Credflowcredflow.in
Digitalfrontiersinstitutedigitalfrontiersinstitute.orgin𝕏

Digital Frontiers Institute is an African non-profit offering online professional courses and certifications in areas such as digital finance, financial inclusion, and digital public infrastructure.

EdTechFintechImpact & Social Good

Diniedinie.com

Dinie provides embedded credit and B2B payment solutions for platform operators, allowing them to offer financial products to their customer base without holding capital or banking licenses.

Enterprise SoftwareFintechSaaS

Doladodolado.com.br
EarnUpearnup.com

EarnUp is a financial technology platform that automates loan debt repayment management for consumers managing mortgages, auto loans, student loans, and personal loans.

AI & Machine LearningFintechSaaSSan Francisco, US

eCurrencyecurrency.net

eCurrency builds central bank digital currency (CBDC) infrastructure, covering secure offline minting, digital distribution through regulated financial institutions, and integration with monetary policy and regulatory functions.

Crypto & Web3FintechGovTech

Fairmoneyfairmoney.io
Finhealthnetworkfinhealthnetwork.org
Finreglabfinreglab.orgin𝕏

FinRegLab is a nonprofit innovation center that runs empirical research and testing of new technologies and data in financial services to inform public policy and market practices.

AI & Machine LearningFintechImpact & Social Good

Flutterwaveflutterwave.comin𝕏

Flutterwave provides payment processing infrastructure and tools that enable businesses and financial institutions across Africa to send and receive payments securely and efficiently.

FintechLagos, NG

Adeleke Adekoya(Founder)inOlugbenga GB Agboola(Founder)in

Fsifsi.ngin𝕏

FSI-Sandbox is a sandbox platform that provides developers access to real financial APIs, documentation, and cross-platform SDKs to build and test fintech applications for Android, iOS, and web.

Data & InfrastructureDeveloper ToolsFintech

Fusefuse.mein

Fuse is a correspondent banking platform that provides banks and fintechs with API-based access to global clearing, named customer accounts, and treasury operations on a non-lending, 100% reserve model.

Enterprise SoftwareFintechSaaS

Kamino Financekamino.finance

Kamino is a DeFi protocol on Solana that combines lending, liquidity provision, and leveraged trading in a single platform.

Crypto & Web3Fintech

Onebrickonebrick.io
Regulationinnovationregulationinnovation.orgin𝕏

AIR (Alliance for Innovative Regulation) is a nonprofit organization that conducts research, advocacy, design sprints, and convenings to help financial regulators and institutions adopt technology-enabled, data-driven oversight.

FintechGovTechImpact & Social Good

Jo Ann Barefootin

ShopUpshopup.orgin𝕏

ShopUp operates a full-stack B2B commerce platform connecting mills and manufacturers to small neighborhood shops, handling sourcing, logistics, and financing for these micro-retailers.

B2B MarketplacesE-commerceFintechLogistics & Supply ChainRetail Tech

Afeef Zaman(Founder & Group CEO, SILQ)Ataur Rahim Chowdhury(Co-founder & CEO, ShopUp (Bangladesh))Sujayath Ali(Co-founder & Group COO, SILQ)

SWAP
TrueBiztruebiz.ioin𝕏

TrueBiz provides AI-powered automated analysis of business legitimacy and risk profiles by synthesizing data from the merchant's internet footprint, designed for payments providers and financial services organizations during customer onboarding.

AI & Machine LearningEnterprise SoftwareFintechSaaSMiami, US

Danny Hakimian(Founder)in

Useflashuseflash.appin𝕏

Flash is a mobile payments app that lets users pay bills (phone, electricity, internet) and complete purchases by scanning and paying on delivery, with payments processed by Banque Misr.

ConsumerFintech

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 1

IPOs and acquisitions across the tracked portfolio

Super-appNASDAQ: GRAB

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Flourish Ventures invest at?
Flourish Ventures invests at the Pre-Seed, Seed, Series A stages.
What is Flourish Ventures's typical check size?
Flourish Ventures typically writes checks of $100K – $5M.
What sectors does Flourish Ventures focus on?
Flourish Ventures focuses on Fintech, Impact & Social Good.
Where is Flourish Ventures located?
Flourish Ventures is headquartered in San Francisco, US.
Does Flourish Ventures lead rounds?
Yes, Flourish Ventures leads investment rounds.

From the blog

visit blog ↗

Flourish Ventures has recently written about emerging infrastructure layers reshaping financial services: tabular foundation models for structured data prediction, AI-powered legal and compliance automation, and tokenization platforms focused on removing asset-specific friction points. AI summary

Media · Podcasts & interviews

featuring the team

Fintech’s Next Chapter with Flourish Ventures’ Emmalyn Shaw

Fintech Is Femme · Emmalyn Shaw

Domain Expertise is the Winning Formula in VC - Emmalyn Shaw, Flourish Ventures

Miguel Armaza · Emmalyn Shaw

Emmalyn Shaw, Flourish Ventures - Why Specialist VC Funds Win

Miguel Armaza · Emmalyn Shaw

Emmalyn Shaw, Flourish Ventures - Backing Mission-Oriented Founders

Miguel Armaza · Emmalyn Shaw

Emmalyn Shaw, Flourish Ventures - Always Trust Your Gut

Miguel Armaza · Emmalyn Shaw

Emmalyn Shaw, Flourish Ventures - What Motivates Mission-Driven Founders, Global Fintech Investing

Miguel Armaza · Emmalyn Shaw

Images

Flourish Ventures photoFlourish Ventures photoFlourish Ventures photoFlourish Ventures photoFlourish Ventures photoFlourish Ventures photo

Co-investors · 85

B Capital Group

B Capital Group is a global venture capital firm that backs founders from early to late stage, with dedicated stage-based funds and a portfolio spanning technology, healthcare, and energy and resilience sectors.

Both backed · 2
FlutterwaveTechnology & AI North America Early Stage
$10M – $50M
Homebrew

Homebrew is an early-stage venture firm backing mission-driven founders, investing its own capital primarily at the pre-seed and seed stages.

Both backed · 2
TrueBizChime
$100K – $500K
Valar Ventures Llc

Valar Ventures is a venture capital firm focused on backing exceptionally focused founder teams with large ambitions across fintech, payments, and financial services globally.

Both backed · 2
$100K – $5M
Clocktower Ventures

Clocktower Ventures is the fintech-focused venture practice of Clocktower Group, backing technology companies transforming financial services across consumer and enterprise. It is based in Santa Monica, California.

Both backed · 2
ChimeDolado
$100K – $20M
Quona Capital

Quona Capital is a venture capital firm that invests in fintech companies expanding financial access in emerging markets across Latin America, India, Southeast Asia, and EMEA.

Both backed · 2
$5M
Propel Venture Partners

Propel Venture Partners is an early-stage venture capital firm that backs founders building companies for the new economy.

Both backed · 2
$500K – $5M
Lightspeed Venture Partners

Lightspeed Venture Partners is a global venture capital firm known for backing AI and technology founders, emphasizing deep, hands-on partnerships with the companies it funds.

Both backed · 1
Super-app
$1.7M – $87M
Menlo Ventures

Menlo Ventures is a venture capital firm that backs transformative, early-stage technology companies reshaping how people live and work.

Both backed · 1
Chime
$1M – $20M
Canaan Partners

Canaan is an early-stage venture capital firm backing founders with transformative ideas across technology and healthcare.

Both backed · 1
$500K – $20M
Tiger Global Management

Tiger Global is a research-driven investment firm that partners with innovative, high-quality companies over the long term across various stages of their lifecycle.

Both backed · 1
$1M – $100M
Greycroft

Greycroft is a venture capital firm that partners with founders across multiple industries and geographies, investing in software, sustainability, and consumer brands.

Both backed · 1
$500K – $10M
DN Capital

DN Capital is a global early-stage venture firm founded in 2000, investing in Seed, Series A and select Series B companies across Europe and North America.

Both backed · 1
$100K – $22M
73 more co-investors

DCM VenturesGlobal Founders CapitalBetter Tomorrow VenturesInspired CapitalLeft Lane CapitalAnthemis Venture137 VenturesEndeavor CatalystIrishAngelsFinTech CollectiveNazcaCathay InnovationTLcom CapitalAndreessen HorowitzAccelGreylock PartnersAlumni VenturesInsight PartnersBain Capital VenturesEverywhere VenturesSpark CapitalKrakenDST GlobalNextView VenturesOak HC/FTSignalFireAdditionPICUS CAPITALF-Prime Capital PartnersAcrew CapitalQED InvestorsRibbit CapitalAccompliceVillage GlobalCapitalGLakestarCompany CapitalOMERS VenturesSerena VenturesLobby CapitalMucker CapitalPeak XV PartnersMONASHEESPreston-Werner VenturesCommerce Ventures645 VenturesKaszek VenturesCanaryBECO CapitalEvolution Equity PartnersMassMutual VenturesRichmond Global VenturesIterative Instinct CapitalBEENEXTNewfund CapitalAtlanticoAmara VCDGFIA Capital GroupSemperVirens Venture CapitalTwenty Seven Ventures99 StartupsSandalphon Capital1k(x)Altai VenturesK50 VenturesOptimist VenturesAvanta VenturesAcross Capital PartnersIgah VenturesScaleUP VenturesQBE VenturesEmphasis Ventures

Firms observed investing alongside Flourish Ventures, from public investor directories. Shared companies are the overlap with Flourish Ventures's recorded portfolio.

Similar investors

Featured in lists