K50 Ventures

Despite all the noise coming out of DC these days, work is still getting done at the The White House. Last week I was lucky enough to join a great group at the White House for the inaugural meeting of the Americas Partnership Angel Investor Network, which is part of the Americas Partnership for Economic Prosperity or “Americas Partnership" that President Biden announced in 2022 to tackle economic inequality, foster more good jobs, and restore faith in democracy in the region. K50's investments over the past decade in hundreds of purpose-driven founders looking to solve vital issues in the Americas prove that there is tremendous opportunity with this kind of initiative. Thank you Jake Sullivan, Samantha Power, Ramon Escobar, Omar Paganini, Ines Bonicelli, among others, for convening this incredible group of foreign ministers and investors across the Americas to discuss how we can continue to drive investment into start-ups who are on the front lines solving problems affecting all of us. From just our small group, we pledged to invest $1B+ into the region through 2027 - shout out the founders of Endeavor, HTwenty, Kayyak Ventures, Salkantay Ventures, Partners for Growth, 500 LatAm, and Valor Capital Group. I'm looking forward to the next event and bringing more people into the group, so please ping me if you are interested in learning more. Main takeaways from the event: 1. The LATAM macro narrative needs to be more clearly communicated. - < 2.5% of dollars deployed to that of the U.S. albeit being the 3rd largest GDP…AND - Tech market cap to total GDP is just 2% vs. India (11%), China (20%), and US (64%) 2. ⁠As an ecosystem, we need to be focused on solving the complex and multi-faceted problems. This will typically take more than just software and capital. We also must have multilateral support, patient capital, patient founders and talent with the playbooks necessary to build value long term. No more copycats and get rich schemes; this won’t work in the region. 3. ⁠Dependable capital sources for funds at the LP and GP levels are necessary; government can help by allowing pensions to invest in the region. Family offices in the region need to be convinced of the opportunity in their back yard too; if they aren’t investing why would a U.S. investor or pension invest. #venturecapital #Americas #WhiteHouse

K50 Ventures is hiring a Director of Finance to lead and grow our platform! We are looking for a rockstar with 6 years of work experience, with a track record of managing a startup, PE or Venture firm and loves finance and startups. There is a path to partner with this role. This is a remote role and we’re particularly interested in candidates based in LATAM, where 40% our investments have been made, a lot of our LPs are from, and our Senior Investment Partner Daniel Vásquez leads the region for us from Medellín. Role JD here: https://lnkd.in/eFwBUQVV

🇺🇸 I am proud and humbled to announce that Tivita has emerged from stealth mode and secured $6M in funding, led by FinTech Collective, with participation from K50 Ventures, MAYA CAPITAL, and SSV. In 2023, my co-founder Amilton and I embarked on an ambitious mission to make healthcare providers thrive by setting their back office on autopilot. We have been incredibly fortunate to have: - Amazing families who supported and cheered us through the ups and downs - Mentors, early supporters, and investors who believed in us - A brave and outstanding team who live by strong shared values - Clients who trusted us and are building together - Partners who made this possible—and fast! Learn more about how we’re bringing financial excellence to healthcare providers at www.tivita.com Gabriela, Carlos, Brooks, Gareth, Cristobal, Adriel, Ryan, Lara, Monica, Antonio, Cesar, Travis, Parker, Lucas, Renato, Tiago, Jesus, José, Eduardo, Fabio, Samy, Belen, Emma, Felipe, Aurélien, Ricardo #HealthTech #Fintech #Tivita 🇧🇷 Estou muito orgulhoso e animado em anunciar a Tivita publicamente, junto com a rodada de R$ 33 milhões, liderada pela FinTech Collective, com a participação da K50 Ventures, MAYA Capital e SSV. Em 2023, eu e o Amilton embarcamos na ambiciosa missão de impulsionar o sucesso de clínicas e consultórios, eliminando tarefas manuais e colocando a gestão financeira no piloto automático. Fomos extremamente privilegiados por ter: - Famílias incríveis que nos incentivaram ao longo dos altos e baixos - Mentores, apoiadores e investidores que acreditaram em nós (muitos quando éramos só uma ideia no papel) - Um time corajoso e excepcional que compartilha dos mesmos valores - Clientes que confiaram e estão construindo junto - Parceiros que tornaram isso possível—em tempo recorde! Se você conhece uma clínica ou consultório que quer alcançar excelência financeira, indique em www.tivita.com

Last week, I sat down with Jill Malandrino at Nasdaq and David Mullings at Blue Mahoe to discuss the opportunities arising in LATAM and the Caribbean on Tradetalks. It was a fast paced, insightful conversation to the common misconceptions investors make and the range of opportunities that entrepreneurs should be solving in the region. Video here: https://lnkd.in/ecGWGF5n After nearly 8 years of investing and paying my dues in the region, I remain excited by these core tenants: - 3rd Largest GDP in the world; LatAm as a region represents approx. 8% of the world’s population and $7T GDP. - Is Underinvested; receives <1% of VC dollars and if the technology market cap as a % of total market cap caught up to the US/China, it would be a multi-trillion dollar opportunity in returns! - Fastest growing region in the world; the economy is growing faster than the global avg and is the fastest growing region for e-commerce and the cloud industry. How the market has evolved in the past 10-15 yrs and what’s in/out of favor? - There is a much bigger base of great local VC funds and good tech talent coming out of local tech schools and trained by both tech startups and big tech players. - Out: low-margin tech-enabled distribution businesses, non-differentiated lending/fintech offerings, high valuations at the early stage - In: - Digitizing the Healthcare Ecosystem from pre-auth to payment; Healthcare has notoriously been avoided in LATAM, typically because there’s a small perceived private mkt and large risk of relying on government customers. Brazil is the second largest private healthcare system in the world and it’s one of the most exciting spaces in the region because of the white space caused by a lack of digital adoption. There’s a real ability to leapfrog with new technology that’s focused on building core infrastructure. - Building a sustainable future; The global mkt is realizing that there is no climate sustainability without LatAm playing a central role in the solution, be it conservation, food supply, energy transition, or carbon capture. I think we’ll see global tech climate companies being born and scaling to become global champions. - Minimizing the Productivity Gap for SMBs; small and micro businesses employ nearly 60% of the workforce, yet contribute 25% of the GDP. This is a large number but a 2X lag in productivity compared to SMBs in the US which we think comes from lack of digital adoption and financing. Vertically integrated platforms and embedded services that empower these platforms will close this gap. What LATAM needs more of? - There is institutional capital for PE and infrastructure but very very little for VC. LatAm institutions, governments, and Family businesses need to invest more in VC and regulations need to change. Many countries in the region, like Colombia, don’t allow pension funds to invest in VC, which is bad both for the ecosystem and for the future pension holders.

Exciting news from Monica Chopra, Jeffrey De Flavio, MD, Samantha Adelberg, and the rest of the Auxa Health team as they officially announce their $5.2M Seed round. The team's deep industry expertise and drive for change have led them to solve critical infrastructural friction to providing quality healthcare and adoption of value-based care. Auxa's AI benefit navigation platform is simplifying the complexities of healthcare by streamlining all of the fragmented and siloed data and information to make it actionable in real-time for healthcare organizations. For the 70% of Americans who aren't getting access to the health and social care benefits they deserve, Auxa's solution will be pivotal in enabling equitable care. We're thrilled to partner with co-investors Zeal Capital Partners, AlleyCorp, Laconia, and Chaac Ventures on this journey and look to share many more milestones ahead. Cc K50 Ventures, Ryan Bloomer, Daniel Vásquez, Nick Talwar, Stefanie Ng https://lnkd.in/dPDY7-Db

It’s a big day for Midi Health news 📣 📣 📣, and thanks for the coverage by Sarah Kessler in the The New York Times! Midi is announcing the close of a $60M Series B funding round led by Emerson Collective.  Additional investors include GV (Google Ventures) along with Memorial Hermann Health System, SemperVirens Venture Capital , Felicis, Icon Ventures, Black Angel Group, GingerBread Capital, Able Partners, G9 Ventures and Operator Collective 🔆. They join our outstanding syndicate of primarily female-led investors, including f7 Ventures, SteelSky Ventures, Avestria Ventures, Muse Capital, 1843 Capital, Anne Wojcicki, Susan Wojcicki, and K50 Ventures. This new funding will allow Midi to build on our exponential growth to date. We’ll further expand the insurance coverage already established in all 50 states; more than double our clinical workforce as part of our mission to cultivate a new generation of women’s midlife care specialists; diversify service lines, amplify the conversation around midlife women’s healthcare, and scale to care for 1 million+ women per year by 2029.   We’re incredibly grateful to the entire Midi team, our clinicians, patients, partners, and—especially today—our investors, new and existing (below, a core group joined us wearing t-shirts that say it all: Menopause Is Hot!). To read more, see the press release linked in our comment👇 📣 Shoutout to: Fern Mandelbaum from Emerson Collective, Frederique Dame, Cathy Friedman from GV, Allison Baum Gates, Victoria Treyger, Mallun Yen, Candice Morgan, Jaja Liao, Casey Albert, Joanna Lichter, Able Partners, Amanda Eilian, Alison Ryu, Lisa Jacobs Blau, Muse Capital, Assia Grazioli-Venier, Rachel Springate, Avestria Ventures, G9 Ventures, Operator Collective, Tracy Chadwell, SteelSky Ventures, f7 ventures, Maria D. Toler, Allison Mnookin, K50 Ventures, Debby Meredith, Amy Goodfriend, Robbie Kellman Baxter, and Thomas Mawhinney. 💙 #MenopauseIsHot #JoinMidi #MidiHealth #WomensHealth #FemTech #MenopauseAwareness #womenshealthnews #healthtech #startup #funding

We are thrilled to announce today our $60M Series B funding round led by Emerson Collective.  This funding will change the trajectory of Midi Health, but before I talk about where we’re going, I want to talk about where we started. “Care at the core” has been our mantra at Midi from the moment we kicked off our pilot in 2021 with just a few dozen patients. Those early patients were struggling with the symptoms of perimenopause and menopause, along with numerous other health challenges, yet they were unable to find support in the traditional medical system. Our patients then called our care “empathetic,” “brilliant” and “life changing.” They said they felt seen, heard, and most importantly, they felt better after suffering for far too long. We’ve expanded to see thousands of women a week, in all 50 states with major national insurance coverage. But what I’m proudest of, through this period of exponential growth, is the excellence of our care. Our patients report dramatic improvement of insomnia; hot flashes and night sweats; moodiness, anxiety and depression; brain fog, joint pain and memory lapses; sexual dysfunction, and many more symptoms. Thank you to Emerson Collective for leading our round, and to GV (Google Ventures), along with Memorial Hermann Health System, SemperVirens Venture Capital , Felicis, Icon Ventures, Black Angel Group, GingerBread Capital, Able Partners, G9 Ventures and Operator Collective 🔆. They join a syndicate of primarily female-led investors including f7 Ventures, SteelSky Ventures, Muse Capital, Susan Wojcicki, Avestria Ventures and K50 Ventures. I also want to extend special thanks to our clinicians for bringing not just deep knowledge, but also empathy and compassion, to every patient visit. Most of all, I want to thank our patients for trusting Midi with their care, and sharing with others how much better they feel. Hear from them in the video below! This visionary group has joined us in our mission to change the experience of midlife for this generation- including Fern Mandelbaum, Frederique Dame, Cathy Friedman, Allison Baum Gates, Victoria Treyger, Mallun Yen, Candice Morgan, Jaja Liao, Casey Albert, Amanda Eilian, Lisa Jacobs Blau, Assia Grazioli-Venier, Rachel Springate, Tracy Chadwell, Maria D. Toler, Allison Mnookin, Robbie Kellman Baxter, plus Gus Tai, Thomas Mawhinney, Peter Moran and Josh Cohen (yes, we’ve got a few fantastic men onboard!). Excited for what’s next! #menopauseishot