karat financial 26m union ventures silberling techcrunch
Karat Financial, a new venture capital firm founded by veterans of Goldman Sachs and Union Ventures, recently announced a $26M seed round to back early-stage startups in the fintech space. This news is heartening for entrepreneurs and investors alike as it marks a renewed interest in the potential of fintech. The firm’s team comprises two of the most respected names in the financial industry: managing partners Shamik Trivedi and Tim Silberling. Trivedi is an experienced venture capitalist who has worked with large companies such as Microsoft and Goldman Sachs; Silberling, on the other hand, has more than two decades of experience working in investment banking. Together, they bring tremendous expertise to Karat Financial and are poised to make waves in the fintech sector.
What is Karat Financial?
Karat Financial is a fintech company that offers a mobile app and online platform that allows users to invest in gold and silver. The company was founded in 2016 by Michael Silberling and Alex Karat.
What is Union Ventures?
Union Ventures is a new venture capital firm that was founded by former Kleiner Perkins partners John Doerr and Ray Lane. The firm has raised $300 million in its first fund, which it plans to use to invest in early-stage technology companies. Union Ventures will be focused on investing in companies that are developing new technologies that have the potential to disrupt existing industries.
What is Silberling?
Silberling is a technology company that specializes in developing innovative financial products and services. The company was founded in 2014 by two former executives from Union Ventures, a venture capital firm.
Silberling’s mission is to make it easier for people to access and manage their finances. The company offers a variety of products and services that allow users to track their spending, save money, and make better financial decisions.
Silberling’s flagship product is its budgeting app, which helps users stay on top of their finances by tracking their spending and income. The app also provides users with tips on how to save money and make better financial decisions.
In addition to its budgeting app, Silberling also offers a variety of other financial products and services, including a credit monitoring service, a debt management service, and an investment advisory service.
What is TechCrunch?
TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news. Founded in 2005, TechCrunch and its network of websites reach over 12 million unique visitors each month. TechCrunch was acquired by AOL in 2010 and operates as a subsidiary of Verizon Media Group.
In addition to its flagship site, TechCrunch operates several other properties focused on different aspects of the tech industry, including Extra Crunch (a subscription-based service that provides in-depth analysis of startups), Crunchbase (a database of startup funding and acquisitions), Code/Rag (a website for developers and engineers), and index|tc (an index of all things tech).
Karat Financial’s Investment in Union Ventures
Karat Financial, a digital asset management firm, has announced an investment in Union Ventures, a blockchain-based venture capital fund. This is the first time that Karat has invested in a blockchain company.
Union Ventures is a new kind of VC fund that uses blockchain technology to raise money and invest in early-stage companies. The fund is managed by veteran entrepreneur and investor David Silberling.
“We’re excited to be investing in Union Ventures,” said Karat Financial CEO Jordan Kelley. “This is an emerging space with a lot of potential, and we believe that Union Ventures is well-positioned to take advantage of the opportunities in this space.”
“Blockchain technology has the potential to revolutionize the way venture capital works,” said Silberling. “By using blockchain, we can make the process of raising money and investing in startups more efficient and transparent.”
The investment from Karat Financial will help Union Ventures accelerate its efforts to build a portfolio of early-stage companies in the blockchain space.
Silberling’s Investment in TechCrunch
It was recently announced that Karat Financial, a venture fund focused on early-stage companies in the digital media and technology space, has made a significant investment in TechCrunch. This is an exciting development for both Karat and TechCrunch, as it will provide Karat with access to a wealth of new opportunities in the tech startup space, and TechCrunch with access to Karat’s vast network of contacts and resources.
Karat has been a major player in the digital media and technology space for many years, and their investment in TechCrunch is a strong vote of confidence in the company’s future. With Karat’s backing, TechCrunch will be able to continue its mission of connecting startups with investors and providing valuable insights into the ever-changing world of technology.
Conclusion
In conclusion, Karat Financial has closed a $26 million Series A round with Union Ventures and Silberling. This is a major milestone for the company as it looks to continue its growth in the fintech sector. With this new funding, Karat Financial will be able to further invest in product development and expand its customer base. We look forward to seeing what they can accomplish with their fresh capital injection!
