Citi

Citigroup Inc. is a global diversified financial services holding company headquartered in New York. It offers a wide range of financial products and services to consumers, corporations, governments, and institutions across various regions, including North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two main segments: Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment provides traditional banking services such as retail banking, commercial banking, credit cards, and retail services to individual customers. In contrast, the ICG segment focuses on wholesale banking products and services, including investment banking, corporate lending, foreign exchange, cash management, and wealth management for corporate, institutional, and high-net-worth clients. Founded in 1812, Citigroup has a significant global presence and is committed to facilitating growth and economic progress for its diverse clientele.

Omar Amireh

Director - Head of Corporate Banking

Raul Anaya

CEO, Latin America Consumer and Commercial Banking

TT Badrinath

Managing Director, Transformation Lead - Finance

Krishna Balachanader

Managing Director

Mohit Bansal

Director - Biotech Equity Research

Karine Ben-Simhon

VP Intelligence Partnerships and Innovation

Kateryna Chupryna

Director

Frank DeLillo

Vice President

John Dugan JD

Chairman and Director

Stephane Dumont

Assistant Vice President, Venture Investing

Andrew Edelstein

Director

Jane Fraser

CEO

Ignacio Gutiérrez-Orrantia

CEO, Citibank Europe

George Karaolis

Vice President, Investment Banking

Nick Lyall

CFO, Global Consumer Banking

Mark Mason

CFO

Margo Pilic

Chief of Staff to the CEO

Vibhor Rastogi

Global Director, AI / ML / Data Investing at Citi Ventures

Henry Salmon

Senior Vice President of Citi Institutional Strategic Investing

Anand Selvakesari

COO

Cece Stewart

President

Avery Tiras

Equity Research Senior Associate

Orcun Unlu

Senior Vice President, Corporate M&A

Virginia Volpe

North America Head of Client Services and Global Investor Services Division

Barry Weir

Managing Director

Robert Willumstad JD

COO and Board Member

Jelena Zec

Director at Citi Ventures

Past deals in InsurTech

Built Technologies

Venture Round in 2023
Built Technologies, Inc. is a provider of cloud-based construction loan administration and draw management software designed to enhance risk management, productivity, and customer experience in the construction lending sector. The platform offers features such as file management, custom draw workflows, and integration capabilities, allowing lenders, borrowers, builders, developers, consultants, and inspectors to collaborate effectively. By digitizing the draw management process, Built reduces construction loan risks, increases loan profitability, and simplifies compliance for a diverse range of clients, including small, regional, and national lenders across the United States. Established in 2014 and headquartered in Nashville, Tennessee, the company was previously known as DataFi, LLC before rebranding in 2015.

Illuminate Financial

Venture Round in 2022
Illuminate Financial Management LLP is a venture capital firm established in 2014 and headquartered in London, United Kingdom, with an additional office in New York. The firm specializes in investments within the financial technology sector, focusing on companies that address challenges in financial services, particularly in compliance, regulation, and connectivity. Illuminate Financial targets early-stage investments, including Series A and seed financing, typically committing between $0.25 million and $3 million for a stake of 5% to 20% in its portfolio companies. While the firm invests globally, it places a significant emphasis on opportunities within the United Kingdom, Europe, and the United States. With deep domain expertise and a robust industry network, Illuminate Financial serves as a trusted partner, guiding its portfolio companies through the complexities of their early development phases.

Claira Inc

Venture Round in 2022
Developer of document intelligence software designed to turn documents into data to automate business processes and enable deep business insights. The company's software utilizes proprietary technology to extract insights from complex, bespoke, and heavily negotiated documents, including finance and insurance legal language, tables, and graphics, and assists users in achieving efficiency, control, compliance, and risk management across a variety of finance and insurance business areas, enabling decision-makers to gain valuable insights from their documents for making intelligent investing, benchmarking, negotiation, and efficient operational management.

LiquidX

Corporate Round in 2022
LiquidX Inc. operates an electronic marketplace focused on trade finance assets, facilitating transactions among a diverse range of participants, including corporations, banks, asset managers, hedge funds, and insurers. Established in 2015 and headquartered in New York with additional offices in London and Singapore, LiquidX provides a transparent platform that enables users to trade risk and invest in financial instruments such as receivables, payables, and letters of credit. The company's technology platform enhances the origination, financing, and distribution of trade finance assets, allowing clients to access capital markets effectively. With a broad seller base that includes credits from major global companies and a buyer base comprising large banks and asset managers, LiquidX aims to deliver optimal price execution and streamline working capital solutions.

MQube

Series A in 2022
MQube is a fintech company operating in the mortgage industry. Driven by data, artificial intelligence and deep machine learning, MQube have developed a platform that delivers mortgages with certainty and control. MQube can produce a legally binding mortgage offer in hours (subject to valuation), weeks quicker than market norms, reducing inefficiencies and offering customers better outcomes.

FundGuard

Series B in 2022
FundGuard Inc. is a developer of an AI-powered, cloud-based investment funds operating system platform designed to assist asset and fund managers in administering various investment vehicles, including mutual funds, ETFs, hedge funds, insurance, and pensions. Established in 2018 and headquartered in Palo Alto, California, with an additional office in Tel Aviv, Israel, FundGuard utilizes modern cloud technologies and a multi-dimensional real-time design to enhance operational efficiencies within the investment management industry. The platform is capable of automatically resolving exceptions, detecting financial anomalies, identifying potential fraud, and recommending operational improvements. By transforming traditional, outdated systems into more scalable and efficient solutions, FundGuard aims to foster innovation and transparency in financial operations, enabling asset managers to enhance their product offerings and improve overall performance.

TransFICC

Venture Round in 2022
TransFICC Limited is a technology company based in London, specializing in e-trading solutions for the fixed income and derivatives markets. Founded in 2016, it addresses the fragmentation in these markets by providing a unified application programming interface (API) that consolidates multiple execution venue APIs into a single connection. This enables banks and asset managers to efficiently manage their trading activities while maintaining low latency and secure connectivity essential for real-time trading. TransFICC's platform supports microsecond timestamping for data, which is crucial for maintaining a comprehensive audit trail and ensuring compliance with best execution standards. The company’s cloud-based hosting services facilitate timely updates and adaptations to changes in trading venues, making it a valuable partner for clients navigating the complexities of modern trading environments.

T-REX

Series C in 2022
T-REX Group, Inc. develops an enterprise Software-as-a-Service platform tailored for the finance, renewables, and technology sectors. The platform, known as T-REX Analytics, provides tools for analyzing acquisitions and sales of solar assets, structuring renewable energy-backed deals, and managing ongoing portfolios. It enables users to assess production and credit risk parameters impacting cash flows, such as power production and operating expenses. The analytics capabilities allow for the structuring of customized debt tranches, the creation of capital structures for securitization, and the valuation of cash flows based on user-defined assumptions. By enhancing transparency and efficiency in complex asset classes, T-REX aims to unlock significant investment opportunities, making it easier for industry participants to invest in, securitize, and manage portfolios of diverse assets. Founded in 2012, T-REX is headquartered in New York, with additional offices in San Francisco and Tel Aviv.

Capital Markets Gateway

Series B in 2022
Capital Markets Gateway Inc. is a financial technology firm that modernizes the equity capital markets by offering a platform that connects investors and underwriters through integrated data and analytics. The platform provides real-time information, enabling users to monitor the capital raising landscape, conduct due diligence, and make informed investment decisions. Launched in 2017 by experienced equity capital markets practitioners, the platform enhances transparency and workflow efficiency, serving nearly 100 buy-side firms and 15 investment banks. Capital Markets Gateway, incorporated in 2015 and headquartered in Chicago, Illinois, also has offices in New York and Seattle.

TailorMed

Venture Round in 2021
TailorMed Medical Ltd. is a health technology company that specializes in financial navigation systems designed to assist patients and healthcare providers in managing medical expenses. Founded in 2017 and based in Tel Aviv, Israel, TailorMed offers a comprehensive platform that automates financial processes, identifies patients at financial risk, and connects them with tailored funding opportunities. Its key products include TailorMed Financial Navigation, which streamlines financial operations for healthcare centers; TailorMed Financial Insights, a reporting dashboard that tracks key performance indicators; and TailorMed Pharmacy, which simplifies the ordering and billing of medications based on individual treatment plans. By leveraging advanced algorithms and a robust data set, TailorMed aims to reduce patient financial toxicity and improve efficiencies throughout the treatment lifecycle.

Jetty

Venture Round in 2021
Jetty is a financial services company founded in 2015 and headquartered in New York, New York. It focuses on making renting more affordable and accessible for tenants while assisting property managers in improving lease conversions and streamlining operations. The company offers a range of products, including renters insurance that covers various risks such as fire, theft, and damage to personal belongings like phones and laptops. Jetty's innovative platform aims to simplify the renting process by reducing paperwork and eliminating the financial burdens associated with security deposits, ultimately helping renters save significantly on move-in costs.

BondbloX

Series A in 2021
BondEvalue is a Singapore based Fintech company that focuses on Asian bond markets. Unlike equities which have already been digitally disrupted, bonds have remained unchanged for decades, with private bank clients unable to access live prices. We envision using our deep domain expertize to level the playing field for them via the simplicity and convenience of an App.

AccessFintech

Series B in 2020
Access Fintech is an innovative risk management service for banks and buyside firms. The service helps firms track the trade lifecycle and get a true sense of prioritized risk, across an increasing number of systems. Access FinTech brings together fintech providers and in-house technology, orchestrating the interaction of the distributed providers and creating a single visual display of the risk of financial transactions in a global sharable view.

Capital Markets Gateway

Series B in 2020
Capital Markets Gateway Inc. is a financial technology firm that modernizes the equity capital markets by offering a platform that connects investors and underwriters through integrated data and analytics. The platform provides real-time information, enabling users to monitor the capital raising landscape, conduct due diligence, and make informed investment decisions. Launched in 2017 by experienced equity capital markets practitioners, the platform enhances transparency and workflow efficiency, serving nearly 100 buy-side firms and 15 investment banks. Capital Markets Gateway, incorporated in 2015 and headquartered in Chicago, Illinois, also has offices in New York and Seattle.

TransFICC

Series A in 2020
TransFICC Limited is a technology company based in London, specializing in e-trading solutions for the fixed income and derivatives markets. Founded in 2016, it addresses the fragmentation in these markets by providing a unified application programming interface (API) that consolidates multiple execution venue APIs into a single connection. This enables banks and asset managers to efficiently manage their trading activities while maintaining low latency and secure connectivity essential for real-time trading. TransFICC's platform supports microsecond timestamping for data, which is crucial for maintaining a comprehensive audit trail and ensuring compliance with best execution standards. The company’s cloud-based hosting services facilitate timely updates and adaptations to changes in trading venues, making it a valuable partner for clients navigating the complexities of modern trading environments.

Digital Asset

Series C in 2019
Digital Asset specializes in distributed ledger technology aimed at enhancing the efficiency and security of financial transactions. The company's solutions provide tools for tracking and settling both digital and mainstream financial assets within a secure, encrypted environment. By enabling organizations to operate across traditional boundaries, Digital Asset facilitates the creation of interconnected networks that allow for seamless information and asset flow. This technology is designed to improve compliance and settlement speed in the financial services industry, addressing key challenges faced by organizations in managing financial assets.

DirectBooks

Seed Round in 2019
Addressing inefficiencies in the marketplace across multiple communication channels, DirectBooks will simplify the primary issuance process through the use of structured data and streamlined communications. The new service will increase the efficiency and accuracy of deal workflow information among market participants by disseminating it through a robust communication platform that can be integrated into underwriter and investor systems to better connect underwriters and their clients.

T-REX

Corporate Round in 2019
T-REX Group, Inc. develops an enterprise Software-as-a-Service platform tailored for the finance, renewables, and technology sectors. The platform, known as T-REX Analytics, provides tools for analyzing acquisitions and sales of solar assets, structuring renewable energy-backed deals, and managing ongoing portfolios. It enables users to assess production and credit risk parameters impacting cash flows, such as power production and operating expenses. The analytics capabilities allow for the structuring of customized debt tranches, the creation of capital structures for securitization, and the valuation of cash flows based on user-defined assumptions. By enhancing transparency and efficiency in complex asset classes, T-REX aims to unlock significant investment opportunities, making it easier for industry participants to invest in, securitize, and manage portfolios of diverse assets. Founded in 2012, T-REX is headquartered in New York, with additional offices in San Francisco and Tel Aviv.

T-REX

Series C in 2019
T-REX Group, Inc. develops an enterprise Software-as-a-Service platform tailored for the finance, renewables, and technology sectors. The platform, known as T-REX Analytics, provides tools for analyzing acquisitions and sales of solar assets, structuring renewable energy-backed deals, and managing ongoing portfolios. It enables users to assess production and credit risk parameters impacting cash flows, such as power production and operating expenses. The analytics capabilities allow for the structuring of customized debt tranches, the creation of capital structures for securitization, and the valuation of cash flows based on user-defined assumptions. By enhancing transparency and efficiency in complex asset classes, T-REX aims to unlock significant investment opportunities, making it easier for industry participants to invest in, securitize, and manage portfolios of diverse assets. Founded in 2012, T-REX is headquartered in New York, with additional offices in San Francisco and Tel Aviv.

Better.com

Series C in 2019
Better Holdco, Inc. is a digital mortgage lending company based in New York that offers a streamlined online platform for residential clients in multiple states across the U.S. Founded in 2016, Better.com focuses on providing a transparent and efficient home-financing experience by eliminating commissions, fees, and traditional branch appointments. The company offers a variety of mortgage options, including fixed and adjustable rates for conventional and jumbo loans, as well as refinancing services. In addition to mortgage lending, Better.com features a digital marketplace that provides competitive quotes from various insurance providers and connects clients with leading real estate agents. Since its inception, Better.com has facilitated $7.9 billion in home loans and $1 billion in insurance, aiming to democratize access to home financing.

Better.com

Series C in 2019
Better Holdco, Inc. is a digital mortgage lending company based in New York that offers a streamlined online platform for residential clients in multiple states across the U.S. Founded in 2016, Better.com focuses on providing a transparent and efficient home-financing experience by eliminating commissions, fees, and traditional branch appointments. The company offers a variety of mortgage options, including fixed and adjustable rates for conventional and jumbo loans, as well as refinancing services. In addition to mortgage lending, Better.com features a digital marketplace that provides competitive quotes from various insurance providers and connects clients with leading real estate agents. Since its inception, Better.com has facilitated $7.9 billion in home loans and $1 billion in insurance, aiming to democratize access to home financing.

AccessFintech

Series A in 2018
Access Fintech is an innovative risk management service for banks and buyside firms. The service helps firms track the trade lifecycle and get a true sense of prioritized risk, across an increasing number of systems. Access FinTech brings together fintech providers and in-house technology, orchestrating the interaction of the distributed providers and creating a single visual display of the risk of financial transactions in a global sharable view.

TransFICC

Corporate Round in 2018
TransFICC Limited is a technology company based in London, specializing in e-trading solutions for the fixed income and derivatives markets. Founded in 2016, it addresses the fragmentation in these markets by providing a unified application programming interface (API) that consolidates multiple execution venue APIs into a single connection. This enables banks and asset managers to efficiently manage their trading activities while maintaining low latency and secure connectivity essential for real-time trading. TransFICC's platform supports microsecond timestamping for data, which is crucial for maintaining a comprehensive audit trail and ensuring compliance with best execution standards. The company’s cloud-based hosting services facilitate timely updates and adaptations to changes in trading venues, making it a valuable partner for clients navigating the complexities of modern trading environments.

Pagaya

Debt Financing in 2018
Pagaya is a financial technology company that specializes in asset management and the lending marketplace through the use of machine learning and big data analytics. Founded in 2016, it focuses on managing institutional money with an emphasis on fixed income and alternative credit, serving clients such as pension funds, insurance companies, and banks. The company utilizes its proprietary technology platform, Pagaya Pulse, which incorporates advanced artificial intelligence and algorithms to optimize performance and scalability. Additionally, Pagaya aims to enhance the credit ecosystem by providing a seamless integration through its API, improving customer experiences and expanding access to credit. The majority of its revenue is generated from the United States, and it operates offices in New York and Tel Aviv.
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