CMFG Ventures
Investment Details
Investor Type
Corporate VC
Asset Class Focus
Venture Capital
Stage Focus
Seed, Series A, Series B
Geographical Focus
United States
Industries Focus
- Education
- Financial Technology
- Data Analytics
- Protection
- Digital Channels
Investment Size:
100,000 to 5,000,000 USD
Investor Details Founded: 2016
CMFG Ventures is the venture capital arm of CUNA Mutual Group, focusing on early-stage investments in financial technology, data analytics, education, protection, and digital channels. The firm aims to support innovative companies that enhance financial services and insurance solutions.
Established in 2016, CMFG Ventures has invested over $300 million in 40 companies, primarily in Series A and B funding rounds. The firm typically invests between $100,000 and $5 million, with a sweet spot around $1.5 million.
In 2021, CMFG Ventures launched the Discovery Fund to invest in early-stage companies with diverse founding teams, including women, BIPOC, and LGBTQ+ founders, to promote financial inclusion and reduce inequity in venture capital. The firm is headquartered in Madison, Wisconsin, and serves clients across the United States.
Requirements
- Innovative solutions in financial services and insurance
- Diverse founding teams
- Early-stage companies
Contact
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Portfolio Companies
- MortgageHippo
- Cushion
- Enveil
- Rise Up
- Qoala
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