It’s 6pm on a Friday. You start to close your laptop when that all-too-familiar email rolls in: “This timeline is super tight, can you come in tomorrow?” Faced with unpredictable layoffs, increasingly unrealistic demands, and the looming thought of companies forcing a return to the office, many have started to wonder, “Is this really worth it?”
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Ocrolus, the only automation platform that analyzes financial documents with over 99 percent accuracy, today announced $80 million in Series C funding led by Fin VC at a valuation north of $500 million. The company powers document workflows for many of the most innovative financial services firms including Brex, Enova, LendingClub, PayPal, Plaid, and SoFi. Ocrolus plans to use its new funding to more aggressively build products for the mortgage lending and banking industries and expand its US operations.
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Today, I’m thrilled to announce that Marpipe has closed an $8 million Series A funding round.
The raise was led by Stage 2 Capital with participation from ValueStream Ventures, Commerce Ventures, Ripple Ventures, and Samsung. Further, we’ve seen Laconia Capital Group, Math Capital, and TIA Ventures deepen their existing investments into the future of data-driven creative. To date, we’ve already received some phenomenal coverage about the round from our friends at Business Insider and AdExchanger.
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Paloma’s Shopify app, released today, helps brands launch personal shopping conversations on Facebook Messenger and Instagram DMs, where conversion rates are 2-10x higher than websites.
Learn more here.
We’re growing the Laconia team!
As we begin to deploy our third fund, we’re excited to kick off the search for an associate to join our small but mighty investment team. As entrepreneurs and operators ourselves, we take a concentrated and hands-on approach to partnering with founders. We value empathy, candor, intellectual curiosity, diversity, and accessibility, and our ideal team member is someone entrepreneurial who is just as excited about building a company as they are about investing.
If this resonates with you, check out the full job description. To ensure that you are considered for the first cycle of interviews, please submit your application by Monday, July 26.
We are excited to meet you!
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Laconia is a seed fund based in NYC that invests in companies revolutionizing legacy industries. We typically lead $2-4 million rounds in b2b software companies, predominantly in the Northeast US and Canada. Within b2b, we are sector-agnostic, with investments spanning fintech, martech, supply chain, digital health, and more. As entrepreneurs and operators ourselves, we take a concentrated and hands-on approach to partnering with founders, with a strong emphasis on sales acceleration, operational execution, and capital strategy.