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§ Venture Capital · San Francisco, CA, USA
Venture investment fund combining talent recruitment with direct venture capital for fintech and crypto startups.
Key people at Intersection Fintech Ventures.
Intersection Fintech Ventures is a venture investment fund operated by Intersection Growth Partners, a crypto-native executive search firm, based in San Francisco and New York, United States. The firm integrates talent recruitment services with direct venture capital investments, utilizing its extensive industry network to identify and fund promising fintech, cryptocurrency, and web3 startups. In a notable transaction, the firm invested $105 million in Circle's $440 million strategic round in May 2021, a company subsequently valued at $4.5 billion through a SPAC merger. Its portfolio includes other prominent companies such as Coinbase and Anchorage, reflecting its focus on key players in the digital asset space. David Puth, who previously held leadership roles at Centre Consortium, J.P. Morgan, and State Street, joined as Co-Managing Partner of Intersection Crypto Ventures in October 2022. The parent company, Intersection Growth Partners, has made at least three investments since its establishment in 2018.
Key people at Intersection Fintech Ventures.
Intersection Fintech Ventures has 1 tracked investment across 1 company. The latest tracked deal is $440.0M Other Equity in Circle in May 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 30, 2021 | Circle | $440.0M Other Equity | — | Michael J. Price, Atlas Merchant Capital, Breyer Capital, Digital Currency Group, Fidelity Management & Research Company, FTX Ventures, Marshall Wace, Pillar VC, Valor Capital Group, Willett Advisors |
Intersection Fintech Ventures is a venture capital firm specializing in the financial technology (fintech) sector, focusing on partnering with innovative fintech startups to drive value and transformation in financial services[1][2]. Their investment philosophy centers on backing technology-enabled businesses that leverage blockchain, cryptocurrency, and other fintech innovations to reshape financial ecosystems. By supporting early to growth-stage companies, Intersection Fintech Ventures plays a pivotal role in accelerating fintech innovation and expanding the startup ecosystem within this rapidly evolving industry.
Founded on April 1, 2021, Intersection Fintech Ventures emerged to capitalize on the growing convergence of blockchain, cryptocurrency, and traditional financial services[2]. While specific founding partners are not publicly detailed, the firm’s establishment aligns with the surge in fintech innovation and the increasing demand for specialized venture capital in this space. Since inception, the firm has evolved to focus on identifying and nurturing fintech startups that demonstrate strong potential for disruption and scalability[1][5].
Intersection Fintech Ventures rides the wave of digital transformation in financial services, driven by trends such as decentralized finance (DeFi), blockchain adoption, and the digitization of payments and banking. The timing is critical as regulatory frameworks mature and institutional interest in fintech grows, creating fertile ground for innovation. By investing in cutting-edge fintech startups, Intersection influences the broader ecosystem by enabling new financial products, improving accessibility, and fostering competition that challenges traditional financial institutions[1][2].
Looking ahead, Intersection Fintech Ventures is well-positioned to capitalize on the continued expansion of fintech, particularly in areas like Web3, decentralized finance, and embedded finance. Trends such as increased regulatory clarity and mainstream adoption of digital assets will likely shape their investment strategy. The firm’s influence is expected to grow as it helps scale transformative fintech companies that redefine how financial services are delivered globally, reinforcing its role as a key enabler in the fintech innovation landscape.
