Citi Ventures harnesses the power of Citi to help people, businesses, and communities thrive through technological change by incubating and investing in new ideas.
Portfolio
6
companies
Vega
Vega builds operating system technology for alternative asset managers.
Proxymity
Proxymity provides digital investor communication platforms for financial markets.
Tessian
Tessian builds machine learning technology to secure the human layer and prevent accidental data loss in enterprises.
Soldo
Soldo provides a digital pay and spend automation platform for businesses.
Immersive Labs
Immersive Labs provides a cybersecurity platform to measure and improve human cyber skills across organisations.
gohenry
gohenry builds financial education and digital banking tools for children and families.
Arvind Purushotham
Managing Director and Global Head
Arvind leads Citi Ventures and previously spent nearly a decade as managing director at Menlo Ventures. His career includes venture investing and engineering roles at Intel Corporation.
LinkedIn
Luis Valdich
Managing Director
Luis brings investment and strategy experience from roles at Citi Ventures, J.P.Morgan Chase, McKinsey, and Softbank. He focuses on fintech, enterprise software, and AI.
Suman Natarajan
Senior Vice President of Venture Investing
Suman brings enterprise growth investing experience from B Capital and venture investing experience from Citi Ventures.
LinkedInThe funding round was led by Motive Ventures to support the development of institutional-grade wealth management products.
"As a new generation of high-net-worth individuals emerges, we are building the financial products and technological infrastructure the wealth management industry needs to serve them,"
Mediant led the latest financing alongside participation from Citi Ventures and Deutsche Börse Group.
"We are pleased to support Proxymity and their transformative platform for global proxy voting and disclosure, as they work to bring the benefits of digital investor communications to the industry as a whole."
The strategic investment brings the firm's total Series C funds raised to $74m.
"The biggest threat to enterprise security today is people’s identities and behaviors. With more people working remotely, it’s never been more important for companies to know who their most high risk employees are, the threats they pose to company security, and how to keep them safe – without disrupting their workflow. We saw a huge opportunity with Tessian; by securing the human layer, businesses can stop threats and keep operations running."
Temasek led the oversubscribed Series C round with participation from Sunley House Capital and Citi Ventures.
"We are delighted to welcome Temasek as the lead investor. With a track record of investing in category-leading fintechs, Temasek’s insights will be valuable to us as we scale our platform and offering. Managing business spend is costly and challenging, yet Soldo continues to demonstrate its value and ease to customers of every size and across every industry. It’s clear this category will see exponential growth as more businesses realise the benefits and Soldo is well placed to support them."
Insight Partners led the Series C financing, which included participation from Menlo Ventures, Citi Ventures and Goldman Sachs Asset Management.
"With cyber risk becoming a problem for a growing number of business functions, cybersecurity knowledge and skills should no longer be the preserve of a few technical people hidden away in a back office. Everyone from the teams who build software, to the CEO, now need to play their part in addressing a pervasive company issue. This requires unlocking and evidencing skills in a much broader group of people."
The financing round includes participation from Gaia Capital Partners, Citi Ventures, and Muse Capital to support growth in the US and UK.
"For too long, kids have been locked out of the digital economy and parents lacked the tools to help their children gain confidence with money and finances. gohenry was the first to respond to these needs in 2012 when we launched a groundbreaking financial education app and prepaid debit card that truly empowered children. In 2020, we’ve achieved three key milestones: becoming profitable which many B2C fintechs seek, raising $40m during Covid, and partnering with world leading funds. All three will help us fuel our US expansion."
