News Announcing Intuit Ventures: investing in startups to accelerate innovation 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 Written by Intuit Blog team Published Sep 22, 2021 - [Updated May 22, 2023] 2 min read 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! Previous Post Intuit Dome and our partnership with the LA Clippers Next Post Introducing the second cohort of the Intuit Prosperity Accelerator: AI Written by Intuit Blog team Our team of contributors loves to uncover inspiring stories and share helpful tips to help power your prosperity. Browse Related Articles Social Responsibility Making a global impact Social Responsibility 40 years of powering prosperity: Highlights from Intuit’s 2023 Corporate Responsibility and Diversity, Equity, and Inclusion Report Social Responsibility Intuit’s New Food Truck Program Empowers Underserved Youth with Vital Financial, Technical, and Entrepreneurial Skills Social Responsibility Intuit for Education Innovative Thinking Responsible AI helps small businesses grow and do more. Diversity, Equity and Inclusion Building Inclusion: setting a path to success for Latinos in tech Social Responsibility Women in Tech: Why We Need More Innovative Thinking Introducing Intuit Assist News Intuit Responds to U.S. Federal Trade Commission’s Decision And Reaffirms its Commitment to Free Tax Preparation Intuit Experts Best Jobs for Seniors: Part Time Jobs in Tax Preparation and Bookkeeping