We’re thrilled to announce the launch of Intuit Ventures, our new corporate venture capital program. Intuit Ventures will help us develop a deeper relationship with the startup and VC communities, and accelerate innovation for small businesses and consumers. We are investing in early-to-mid stage startups that are solving small businesses and consumers’ biggest problems, with areas of interest including fintech, virtual expertise, consumer finance, omni-channel commerce, AI-enabled services and crypto/DeFi.
“Our mission of powering prosperity around the world inspires us to solve our customers’ most important financial challenges. Innovation both within Intuit and outside the company is critical to achieving our mission,” said Shveta Mujumdar, Vice President of Corporate Development and leader of Intuit Ventures at Intuit. “We have always supported the ecosystem around us with our open platform, and we’ve been partnering with startups on our platform for many years. Intuit Ventures accelerates our ability to empower entrepreneurs and the start-up community, and invest directly in their success.”
Looking ahead to encourage future innovations
We aim to select companies for Intuit Ventures that align with our mission of powering prosperity in the communities we serve. In addition to funding support, we’ll be connecting our portfolio companies to our unique network of small businesses and product and technology leaders as well as helping them get access to our platform.
Intuit Ventures completed its first investment in Clearco, a high-growth series C-stage startup which offers unbiased, non-dilutive capital to digitally-native businesses and leverages data and insights to help them scale. Clearco strongly aligns with Intuit Ventures’ focus on fintech and omni-channel commerce as well as Intuit’s focus on small business success.
“Intuit Ventures is part of Intuit’s evolving strategy to drive future innovations both internally and externally,” said Anton Hanebrink, Chief Corporate Strategy & Development Officer at Intuit. “We look forward to building relationships with startups and helping them succeed as we invest in innovation on behalf of customers.”
“When we considered investors in our latest fundraising, Intuit stood out based on their deep expertise with small businesses and our strategic alignment with their mission,” said Michele Romanow, Co-founder and CEO of Clearco. “We are proud to be the newest portfolio company of Intuit Ventures and are thrilled to have the support of such a strong technology company.”
If you are a growing start-up exploring investment or a VC looking to partner, we want to hear from you. Please visit www.intuit.com/ventures to learn more and connect with us!