Are summer investments happening?

Meeting great founders at Brex Supper Club

Author

Michael Morgenstern
July 30, 2024

Happy Tuesday Brex community,

The common perception is that the venture capital world slows down as VCs jet off to chic destinations (bonjour mediterranean yacht) leaving boardrooms and pitch decks behind. But is this really the case?

Contrary to the online meme, financings don't stop for summer. 9% of priced rounds were completed in August 2023. We're seeing hard tech founders with literally intergalactic visions being chased by VCs with term sheets, inception investing is on fire, and founders with PMF gearing up for Series A. The action is real, relentless and fun.

Are you seeing startup investing this summer?

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Growing together, Michael Morgenstern

  • Brex Supper Club 8/8 in SF

    Designed as a private conversational dinner for fintech founders and investors

    Apply Here Brex Host: Jonathan Chang 

  • Brex Supper Club 8/14 in Nashville

    Designed as a private conversational dinner for founders in Nashville

    Apply Here Brex Host: Anshul Shah

  • Women in Fintech Mixer 8/15 in NYC

    Designed for female founders, operators, and VCs in the fintech ecosystem

    Apply Here Brex Host: Erica Wenger

Jeremy Crane is the Founder and CEO of Retrievables 

Retrievables is a central source for businesses to identify and employ the services of specialized collections attorneys and agencies. The company operates a marketplace where businesses provide information and documentation on their past due accounts, then connect with the best fitting law firms to execute on collections. Retrievables serves SMBs of all sizes and descriptions, as well as commercial and consumer lenders throughout the United States. Retrievables has raised $1MM in venture funding with investments from Lightbank, C2 Ventures and Right Side Capital management.

Ambassador's perspective: As venture backed commercial lenders continue to establish themselves and grow in today's market, delinquency is inevitable and strong systems need to be in place in order to recover assets. Retrievables has proven to be a valuable solution in providing support and has made a profound impact to commercial lenders throughout the United States, servicing over $20MM in debt in 2024.

Litquidity Ventures invests in early-stage, technology-enabled startups across diverse verticals. We leverage the robust Litquidity network and our unique industry insights to amplify and empower visionary founders who are ‘pls fix’-ing the status quo. We aim to cultivate a portfolio of transformative leaders shaping the future of technology, culture, and industry.

Colton is a seasoned early-stage investor and operator with a robust investment advisory background. At Litquidity Ventures, Colton invests in early-stage founders focusing on frontier tech, built world, service platforms and digital experiences. He also manages selective investment opportunities across growth, secondaries, and professional sports. Colton started as a corporate lawyer at Skadden Arps, moved to investment banking at Houlihan Lokey, and recently served as Chief of Staff at fintech startup Backflip.

The financial stack you can bank on. Trusted by 1 in 3 US startups, Brex allows you to manage your spend from MVP to IPO. Interested? Sign up here using the referral code NEWSLETTER and get 25,000 bonus points, $5K AWS credits, $2.5K OpenAI credits and up to $150K in SaaS discounts.

Don’t hesitate to reach out,🦾!