Next Level Ventures and credit union partners of Members Development Co. have launched a new collaborative venture capital fund for the development of financial services technology in the credit union industry.
Plans to invest in up to 45 startups in the agriculture and food technology space over the next five years.
As the professional fund manager, Next Level Ventures will help to lead, structure and manage the investments from the Curql Fund in the fintech companies.
The $2.1 million seed round was co-led by Craft Ventures and Lachy Groom, with Y Combinator and Next Level Ventures participating.
The new capital will help scale all company areas and accelerate innovation of its cloud-based platform.
The data-driven productivity platform has completed a $2.5 million investment round.