FinTech news in Startup company category

As previously reported in the Irish media, documents filed in the Companies Registration Office in Dublin, Ireland, where Web Summit was originally launched, show that Cosgrave, Web Summit CEO, is listed as a director of the Web Summit Ventures Management Ltd. While it’s been previously reported that Web Summit co-founder, Paddy Cosgrave, will imminently launch his new vehicle, Web Summit Ventures (WSV), the nature and size of the fund has not, until now, been revealed. The move follows an acrimonious fallout between Web Summit’s co-founders, who first started the now-defunct Amaranthine VC fund in 2018, in part to join the ballooning investment ecosystem that had grown up around the Web Summit events. The Amaranthine Fund was set up by Cosgrave; David Kelly, a Web Summit co-founder; and Patrick Murphy, a fund manager, in 2018.

Tiffanie Stanard launched the company in 2017 with a focus on the supply chain, creating a product that provided establishments with the tools and data to choose, compare, and form relationships with product suppliers and vendors. She spent six years as a payroll and vendor manager before starting her own company.

Pulley is also helping companies weather this economic downturn, and though most of the companies Pulley works with are at an earlier stage and aren’t seeing the kinds of layoffs occurring in later stages, I asked Wu what kinds of questions Pulley was getting from customers.

While Dcode Capital can’t be a substantial financial backer to its portfolio companies based on its small check sizes at the stage it invests at, it hopes to have an outsized impact with its knowledge of getting tech into the government, something most VCs can’t offer.