CMFG Ventures
Overview
CMFG Ventures, also known as TruStage Ventures, is the venture capital arm of TruStage (formerly CUNA Mutual Group). The firm invests in fintech and insurtech startups that offer solutions to enhance the financial wellbeing of credit union members. It operates two main funds: a strategic fund focused on connecting fintechs with credit unions and financial institutions, and the "Discovery Fund," which focuses on early-stage investments in companies with diverse founding teams. Its investment strategy targets financial technology, data analytics, financial education, and digital channels.
Portfolio Companies
35
Website
trustage.comInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Zest AI | Nov 2022 | Series F | Lead |
| Happy Money | Jan 2024 | Strategic | Lead |
| Caribou | May 2022 | Series C | Co-investor |
| Caribou | May 2022 | Series C | Co-investor |
| SmartAsset | Jun 2021 | Series D | Co-investor |
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Key People
Brian Kaas
President And Managing Director - TruStage Ventures (formerly CMFG Ventures)
Al Cantrell
Managing Director, Investments
Benjamin Wydick
Senior Managing Director, Investment Strategy, Risk, And Platforms
Brian Bodell
Managing Director, Fintech Solutions
CRI Tom Jensen
Managing Director
Keith Dunlap
Managing Director
Sam Das
Managing Director, TruStage Ventures
Jacklyn Steffenhagen
Business Process Consultant, Partner Management TruStage
Jen Miller
Partner Wholesaler
Larry Quakenbush
Customer Partner Exchange Consultant
Ryan Bass
Sr. Manager, Intermediary Partner Development
Stephanie Zeno
Partner Solutions Manager
Terry Revord
Partner Management Specialist
Travis Harrelson
Sr. Account Partner Manager
Amy Cameron
Executive Vice President, Chief Investment Officer
Brook Garrity
Director, Partner Management - TruStage
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is CMFG Ventures based?
CMFG Ventures is headquartered in Madison, Wisconsin, United States.
When was CMFG Ventures founded?
Founding year information for CMFG Ventures is not publicly available.
How many portfolio companies does CMFG Ventures have?
CMFG Ventures has 35 portfolio companies in Caplight's dataset.
What are some companies in CMFG Ventures's portfolio?
Portfolio companies visible on Caplight include Zest AI, Happy Money, Caribou, Caribou, SmartAsset.
What was CMFG Ventures's most recent investment shown here?
CMFG Ventures's most recent investment in this portfolio sample was in Happy Money in 2024.
What sectors does CMFG Ventures focus on?
CMFG Ventures focuses on Consumer & Commerce, FinTech, Frontier & Industrial Tech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, Consumer & Commerce, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, Enterprise Software, FinTech, FinTech, FinTech, FinTech, FinTech, Crypto & Web3, FinTech, Consumer & Commerce, FinTech, AI, Data & Cloud Infrastructure, Enterprise Software, Healthcare & Life Sciences, FinTech, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Cybersecurity, Real Estate & PropTech, Enterprise Software, Enterprise Software, Enterprise Software, Real Estate & PropTech, Enterprise Software, Real Estate & PropTech, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Consumer & Commerce, Enterprise Software, AI, Data & Cloud Infrastructure, Real Estate & PropTech, Consumer & Commerce, Consumer & Commerce, Enterprise Software, Consumer & Commerce, Enterprise Software.
What company stages does CMFG Ventures focus on?
CMFG Ventures typically invests at the Early stage.