![]() First was the network - we have a massive one that founders got lots of value from, but it’s not very efficient to ask a human “Do you know someone at Twitter?” for an intro. I started like any good product manager and listed and ranked all the tasks I do as a VC and then sorted the most valuable ones that were most productizable and started building. Our team, founders, LPs (and soon, Titans) have their own logins and workflows. What’s so special about Cerebro and how does it help 776 scale its operations?Ĭerebro is the operating system we’ve built that we use for all the work at 776. ![]() This differentiation is what the best founders are looking for - everything else is just capital. We’re looking for the things that traditional VCs don’t have. Why? The combination of unique distribution and/or their reputation and experience. ![]() We’re looking for folks who great founders will absolutely want to make room for on their cap tables. TC: Is the “Titans fund” a carve-out of the $500 million in capital across two funds that 776 announced last month or a separate fund of funds? Also, how much money is there to invest altogether?ĪO: It’s a carve-out from Fund II, and we’re investing around $10 million. To find out more, we reached out Ohanian last week with some questions. The new fund, as the firm describes it, plans to “focus on emerging managers, each with their own influential distribution channels and unique operational experience in backing startup ventures.” The firm added in a statement that each fund will operate independently and will receive an initial $500,000 investment from 776, along with access to Cerebro (the proprietary operating system of the firm), and ongoing support from Series, an enterprise digital finance platform whose seed round was led by 776.Īlready, three teams have received checks from Ohanian & Co.: Marques Brownlee of MKBHD Ventures (Brownlee has become renowned for his tech-focused videos on his YouTube channel and is focusing broadly on early-stage startups) brother and sister Allyson and Wes Felix of Crenshaw Ventures (Allyson is a five-time Olympian and founder of a lifestyle brand, and the two plan to invest in web3, metaverse and fintech companies) and Cleo Abram of Huge If True Ventures (Abram is an Emmy-nominated video producer and journalist who is looking for moonshot ideas). Of the $2.1bn that was invested globally, around 81 per cent was deployed to companies in North America.Alexis Ohanian, Reddit co-founder, venture capitalist, and enthusiastic Twitter user, quietly announced a new initiative last week out of his venture firm, Seven Seven Six (776): the 776 Titans Fund. The data and analytics sector was dominated by the North American market, last year, according to data by FinTech Global. The value created for both borrowers and lenders made this a natural decision for Sterling to become involved.” Cerebro takes it a step further by giving their borrower users the ability to connect to the lender network that is providing the data. ![]() Sterling Partners co-founder Doug Becker said, “Cerebro gives middle market borrowers financial self-awareness that previously had only been available to public companies. With this fresh burst of capital, Cerebro hopes to scale its online marketplace, increase its capacity for debt transactions and building its sales, marketing and engineering teams. Since it launched in October last year, the company has sourced and managed more than $1bn in loans through the platform. Through its data solution users can discover market trends, anonymously search lenders, determine the viability of financing their deals, and remove existing deal pain points.Ĭlients can also implement the platform for the automation of loan compliance, ensuring easy tracking of loan agreements and lender covenant report generation. Maryland-based Cerebro is an online platform that enables middle market borrowers and corporate lenders to analyse, manage and source credit facilities. Fintech insurtech wealthtech regtech ai cybertech esg newsĬerebro Capital, an online platform supporting corporates with credit facilities, has bagged a Series A from Sterling Partners and the state of Maryland’s TEDCO fund.
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