canapi-ventures
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The VC Fund Whose Limited Partners Are Also Its Portfolio's First Customers
Most venture funds hand founders a check and a Rolodex. Canapi Ventures hands them roughly 70 banks that write the check and then become customers.
Ferdinand Roberts
Ferdinand Roberts is the founder and CEO of Asset Class, a fintech company building an end-to-end software platform for private capital firms - covering fundraising, investor relations, investor portals, deal flow, portfolio management and fund administration. A technology executive with more than 25 years in the sector and senior roles at Yahoo!, Cisco and Ariba, he launched Asset Class in 2020 after seeing firsthand how disjointed private-market operations were while running capital markets for a private equity firm. In 2024 the company raised an $11.6M Series A led by Canapi Ventures, serving 300+ funds and around $33 billion in serviced assets across offices in Dublin, New York, London and Atlanta.
Oren Friedman
Oren Friedman is the co-founder and CEO of Rally, a New York-based user research CRM that pulls participant recruiting, scheduling, incentives and consent tracking out of spreadsheets and into one workflow. A Nashville native and Vanderbilt graduate, he built the product with CTO Alec Robins after years selling enterprise research tools at Remesh and AlphaSights. Rally went through Y Combinator's W22 batch, closed an $11M Series A led by Canapi Ventures in June 2025, and counts Adobe, Sonos, MongoDB, GitLab, BILL and Monzo among its customers.
Cashmere
Cashmere is a Los Angeles-based AI company building a data layer for financial services. It started as an AI-powered client-acquisition platform that helps wealth management firms spot high-net-worth prospects at the moment they experience a wealth-triggering life event - an inheritance, a business sale, a liquidity event - and then matches those prospects with the best-fit advisor and automates personalized outreach. The product has since expanded into resolving fragmented customer records across disconnected banking systems into a single, continuously updated 'golden profile' enriched with internal and external signals. Founded by Farbod Nowzad and Eshan Govil, Cashmere raised a $3.6M seed round led by Canapi Ventures in September 2024 and counts RIAs, banks and wirehouses among its customers.
Farbod Nowzad
Farbod Nowzad is the co-founder and CEO of Cashmere, a Los Angeles fintech building an AI-powered data layer that helps financial institutions and wealth managers turn fragmented customer records into decision-ready intelligence. UC Berkeley's first data science graduate, he cut his teeth on anti-fraud machine learning at Lime and later founded the social audio startup Pludo before launching Cashmere in 2022 with high school friend and CTO Eshan Govil. In September 2024 the company raised a $3.6M seed round led by Canapi Ventures to attack a wealth industry sitting on a $90 trillion generational wealth transfer.
Tom Davis
Tom Davis is a General Partner at Canapi Ventures, a fintech-focused venture capital firm with over $1.29B in total funding. Based in San Francisco, he leads the firm's West Coast operations and sits on its investment committee, focusing on early- to growth-stage investments in financial technology and B2B software. With nearly two decades spanning Morgan Stanley investment banking, General Atlantic, and Centana Growth Partners, Davis brings rare fluency across the capital stack - from traditional banking relationships to cutting-edge fintech infrastructure. He joined Canapi in November 2023 to open their first San Francisco office, signaling the firm's push deeper into Silicon Valley's fintech ecosystem.