2020 HMG Strategy, LLC. For startups backed by SoftBank, raising a huge round at a high valuation has obvious positives including the ability to grow faster and overwhelm the competition causing a headache for investors. . Investing in Blockdaemon, a Top Provider of Institutional-Grade Digital Asset Infrastructure, International Data Corporation report forecasting, recent implosion of the LUNA/UST stablecoin ecosystem, staked over $10B in digital assets for its customers, more energy-efficient blockchain consensus mechanism. Its platform enables owners of digital currencies that leverage the proof of stake consensus mechanismsuch as Cardano, Solana, Algorand and, in the future, Ethereumto earn returns for pledging (or staking) their holdings to verify activity in the network. Luis investments include Clarity Money (acquired by Goldman Sachs), HighRadius, PPRO, ScaleFactor, Octane Lending, Second Measure, HoneyBook, SmartAsset, and Contguard. Therefore, institutions are increasingly relying on vendors to help them set up and manage their nodes. A frequent fintech conference speaker (Money2020, Sibos, LendIt, Finovate, InnovateFinance, ParisFintech, etc. Valuations are up and competition is fiercer than ever, making timing key. Luis received his MBA from Harvard University and BA from Franklin & Marshall College. Log In or Sign up to contact this investor. 2021 Innovate Finance. Luis invests primarily in FinTech broadly defined and his portfolio includes Clarity Money (acquired by Goldman), HighRadius, PPRO (pending regulatory approval), ScaleFactor, Contguard, SmartAsset, and two others not announced yet. Prior to Citi Ventures, Luis founded and ran JPMorgan Chase's Strategic Register to join our Executive Leadership Network & Newsletter. Luis received his MBA from Harvard University and BA from Franklin & Marshall College. Hong Kong headquartered xalts was co-founded this year by former HSBC trader Ashutosh Goel and ex Meta Asia executive Supreet Kaur. Brookfield Real Estate. Luis Valdich, based in New York, is a Managing Director and responsible for Citi Ventures fintech investments globally. Luis embraces Citi Ventures' "best of both worlds" corporate venturing model of combining value-added strategic investing with venture capital best practices by . Gold. Citi Ventures believes the company has the potential to continue to scale and broaden its role in powering the rapidly growing digital asset ecosystem, and we are thrilled to announce our investment in Blockdaemons Series C round. A frequent fintech conference speaker at Money2020, Sibos, LendIt, Finovate, InnovateFinance, and ParisFintech, among others, Luis was previously a principal at Softbank and consultant at McKinsey. Luis embraces Citi Ventures best of both worlds corporate venturing model of combining value-added strategic investing with venture capital best practices by investing in high-potential startups and driving engagement with Citi executives and clients. announced that it has secured a strategic investment from Citi Ventures. Since that time, Citi Ventures has made over 140 investments and has a current active profile of over 70 companies across six sectors and its Impact Fund. Founded in 2008, Citi Ventures is a corporate venture capital arm of Citigroup based in San Francisco, California. Citi Ventures has invested in digital asset startup xalts alongside Accel India and others. Prior to Citi, Luis founded and ran JPMorgan Chase's Strategic Investments group for nearly 8 years and invested in 30+ companies, notably Square, Markit, Tradeweb, BATS/DirectEdge (acquired by Cboe Global Markets), Air Lease Corp, LME (acquired by HKEX), clearXchange (acquired by Early Warning and renamed Zelle), Symphony Communications, and Avant. "We invest in start-ups that are distinct and have future partnership potential," said Luis Valdich, managing director of venture investing at Citi Ventures. Investments group for nearly 8 years and invested in 30+ companies, notably Square, Markit, Tradeweb, BATS/DirectEdge (acquired by Cboe Global Markets), Air Lease Corp, LME (acquired by HKEX), clearXchange (acquired by Early Warning and renamed Zelle), Solid Biosciences, Symphony Communications, and Avant. Ashutosh Goel, a former trader at HSBC, and Supreet Kaur, a former executive at Meta Asia, got together to start xalts, a company whose goal is to get real-money institutions to take part in . Luis previously founded and ran JPMorgan's Strategic Investments group for 8 years, investing in 30 companies including 7 that IPOd (Square, Markit, Tradeweb, BATS/DirectEdge, Air Lease Corp, Pico Trading, Solid), 8 that were sold (LME, LCH, LevelUp, Source ETF, Chi-X Global, clearXchange-Zelle, BIDS) and 2 still private unicorns (Symphony, Avant). In this role Luis partners closely with startup founders, other investors, Citi businesses, and Citi clients to identify and invest in distinctive startups in which Citi can add value. Luis Valdich is a Managing Director at Citi based in New York City, New York. Key Facts. You last contacted this investor on . 1 min read Citi Ventures and venture capital firm Accel co-led a $6 million funding round for xalts, an institutional-grade digital asset management startup founded. Luis received his MBA from Harvard Business School and his BA in Economics from Franklin & Marshall College, magna cum laude. Innovate Finance publish Supporting UK FinTech report. Prior to Citi, Luis founded and ran JPMorgan Chase's Strategic Investments group for nearly 8 years and invested in 30+ companies, notably Square, Markit, BATS/DirectEdge, Air Lease Corp, LME, clearXchange (Zelle), Symphony, and Tradeweb. Polygon co-founder Sandeep Nailwal and other hedge fund managers were also investors. Luis Valdich, Managing Director, Citi Ventures said: "xalts is our first investment in a digital asset manager, and we support its vision of creating innovative products to meet the growing appetite of institutional investors for more efficient and robust crypto-access investments." at Level 5, 37 Sun Street, REDDI Director Dominique Harrison, Ph.D. Discusses Why the Future of Fintech is Female at SALT 2022, 3 Tips For Startup Founders Navigating an Economic Downturn. Since November 2015, Luis has been leading Citi Ventures' venture investing activities out of NY covering US East Coast/Europe. Floor 32 "For startups whose competitors are backed by SoftBank, it can be a big challenge to compete with someone with massive pockets who can bid up costs of customer and talent acquisition," Valdich said. The Managing Director of Citi Ventures Luis Valdich reaffirmed "Xalts is our first investment in a digital asset manager, and we support its vision of creating innovative products to meet the growing appetite of institutional investors for more efficient and robust crypto-access investments." Share this: Twitter Facebook Like this: Loading. Managing Director, Venture Capital group, Citi Ventures (New York & London) To access all the content for free, please sign up by entering your email. Citi Ventures has reportedly joined Visa as an investor in Belvo, which finalized a. Luis Valdich, Managing Director, Citi Ventures said: "xalts is our first investment in a digital asset manager, and we support its vision of creating innovative products to meet the growing . SoftBank's $100 billion Vision Fund has completely changed the landscape for startup funding, says one VC, which is why funds more than ever need to move "quickly and nimbly" to back the hottest entrepreneurs. The funding . On top of all that, Blockdaemon is also the premier staking-as-a-service provider in the blockchain ecosystem. Citi Ventures. Lazard. Thank you for your continued support. . That's the view of Luis Valdich of Citi Ventures, the VC arm of Citigroup. IFGS the Flagship Event of UK FinTech Week is back! Luis lives in Ridgewood, NJ,with his wife and kids and loves skiing, tennis, travelling, reading, andcelebrating life with bubbles. 2021-2022 Global Leadership Institute Awards, 2020 Global Technology Executives Who Matter Awards, 2018-2019 Technology Executives to Watch Awards. New York, NY 10018, 2020 Wattrelos (French pronunciation: ; archaic Dutch: Waterlos) is a commune in the Nord department in the Nord-Pas de Calais region of northern France. Previously Luis was a consultant at McKinsey and a principal at Softbank where he made venture investments in the US and Latin America. Conference LLC. Valdich used to work for SoftBank more than 20 years ago, and says that funds like his have had to change their investment strategy in order to manage in the new age of the Vision Fund. Luis lives in Ridgewood, NJ, with his wife and kids and loves skiing, tennis, travelling, reading, and celebrating life with bubbles. A champion of diversity, Luis hails from Bolivia, has a Harvard MBA, and loves skiing, tennis, traveling, reading, the performing arts, and bubbles. Luis Valdich joined Citi Ventures in 2015 as a Managing Director in its NYC office. In this role he partners closely with Citi businesses enterprise wide and with the financial technology startup ecosystem to identify and invest in . Luis received his MBA from Harvard Universityand BA from Franklin & Marshall College. "Open Banking represents an enormous opportunity in Latin America as a key enabler of the explosively growing fintech ecosystem in the region, and we are excited to invest in Belvo, which we view as the leading provider in this exciting space," said Luis Valdich, Managing Director of Venture Investing, Citi Ventures. The bank's own customer network is a boon to companies looking to integrate services within the Citigroup infrastructure, he says. While nodes could once be run from a personal computer, they now require substantially stronger memory, computing power, and cybersecurity tools to protect against increasingly sophisticated hacks. Same platform but with new and improved features. Luis Valdich, an MD at Citi Ventures, the VC arm of Citigroup, says the market for startup funding has been changed by the emergence of SoftBank's Vision Fund. Listen to The Refresh, Insider's real-time news show. Previously Luis was a consultant at McKinsey and a principal at Softbank where he made venture investments in the Americas. Managing Director, Venture Investing, Citi Ventures. Blockdaemon which provides infrastructure including blockchain nodes and cryptocurrency staking services, announced the addition of Citi Ventures, Salesforce Ventures, Telstra Ventures, and Invicta Growth as new investors.It did not disclose the amount raised. Get Involved. Citi Ventures model delivers the best of both worldscombining value-added strategic investing with venture capital bestpractices by investing in high potential startups and driving engagementwith Citi executives and clients. Luis lives in Ridgewood, NJ, with his wife and kids and loves skiing, tennis, travelling, reading, and celebrating life with bubbles. Location Luis joined Citi Ventures in November 2015 to lead its venture investing activities in New York also covering Europe and Israel. "I enjoy helping founders build great businesses, leveraging Citis iconic franchise for mutually beneficial purposes. Luis partners closely with Citi businesses firmwide and the fintech ecosystem to identify and invest in innovative startups that can be strategic to Citi and where Citi can add value. Luis Valdich leads Citi Ventures' fintech venture investing activities globally. Quick Links. Luis received his MBA from Harvard University and BA from Franklin & Marshall College. at, Senior Vice President, Global Venture Investing, Managing Director, Citi Ventures of Citi Ventures, Director, Venture Capital of Vulcan Capital, Managing Director, Venture Capital group, Citi Ventures (New York & London), Managing Director, Global Head of Strategic Investments, .Consultant, Corporate Finance & Strategy and Corporate & Investment Banking Practice, Intelligent Assistance and Bots Ecosystem. Valdich says that Citi's brand is useful as leverage in convincing companies that his fund has the expertise to aid their growth plans. Xalts, an investment management and technology firm, has raised US $6 million from Silicon Valley venture capital firm Accel, Citi Ventures and crypto founders such as Polygon co-founder Sandeep Nailwal. We embrace disruption and collaborate with internal and external partners to drive innovation throughout Citi. Featuring both high global availability and high performance, Blockdaemon has become one of the key institutional service providers in the digital asset economy and is helping build the infrastructure to allow access to next-generation blockchain networks. Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more. He is responsible for fintech investing in both the U.S. and Europe. Luis valdich Get Live News Updates Every Minute from Vimarsana.com Curated from 23000 News Agencies. With a $30T+ generational wealth transfer underway, younger generations are seeking new, digital wealth management solutions that are aligned with their evolving behavior, expectations, needs, and values. Previously, Luis was an Advisory Board Member at WatersTechnology an d also held positions at Maxeler Technologies, SoftBank Group Corp.. Luis received a Master of Business Administration degree from Harvard Business School. 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Luis joined Citi Ventures in November 2015 to lead its venture investing activities in New York also covering Europe and Israel. Founded in 2017, Blockdaemon runs over 36,000 nodes on behalf of its more than 200 institutional customersincluding exchanges, custodians, liquidity providers, and neobanksand supports 50+ blockchain networks such as Bitcoin, Ethereum, Solana, and Avalanche. reliability and security are top priorities," said Luis Valdich of Citi Ventures . Kate Rubenstein MBA '05. Shai Zelering '01. The Block Research notes that for institutions, setting up a node in-house can take up to six months and the annual cost of running one can reach up to $220,000including engineering time to keep nodes running 24/7 and prevent crashes that can cost institutions credibility and money. Citi Ventures. Americas Market Intelligence estimates that 120 million Latin Americans used digital-only bank accounts or mobile wallets in 2020. John Kyles MBA '00. "Within Citi Ventures, we are looking at market-shifting trends that are driven by consumer preferences and evolving technology," said Luis Valdich, managing director at Citi Ventures.. Stay up to date with what you want to know. Luis lives in Ridgewood, NJ, with his wife and kids and loves skiing, tennis, travelling, reading, and celebrating life with bubbles. Number 3099067. Luis Valdich, Citi Ventures, New York John Mazzara, Citi Ventures, London Xiaolei Cong, Citi Ventures, New York Opeyemi Olomo, Treasury and Trade Solutions, Dublin With numerous moving parts often causing delays in operation, the integration of services in international trade presents a transformative opportunity for everyone in the ecosystem. Luis Valdich joined Citi Ventures in 2015 as a Managing Director responsible for its New York office and investing activities in the US east of the Rockies and Europe/Israel. Now, SoftBank is competing heavily for deals that they like and oftentimes this means valuations have gone up again.". Blockdaemon Adds Notable Investors Citi Ventures, Salesforce Ventures, Telstra Ventures, and Invicta Growth . All Rights Reserved. The company announced a $15 million Series A round in August 2021, co-led. "This tricky dynamic means that late-stage investors might want to be nimble and pre-empt rounds in hot startups before SoftBank gets there," the former head JPMorgan Chase's Strategic Investments group, For example, areas of interest for Citi Ventures include B2B companies in payments and lendin, NOW WATCH: Why the Chase Cards CEO is not worried about the hundreds of millions lost last quarter due to credit card rewards. Connecting to a blockchain network requires creating a node, which acts as the network through which participants transmit and collect information on the blockchain. Luis Valdich, based in New York, is a Managing Director and responsible for Citi Ventures' fintech investments globally. He is responsible for fintech investing in both the U.S. and Europe. For more on Citi Ventures blockchain and digital asset investments and perspectives, click here. Luis Valdich leads Citi Ventures' fintech venture investing activities globally. Luis embraces Citi Ventures' "best of both worlds" corporate venturing model of combining value-added strategic investing with venture capital best practices by investing in high-potential startups and driving engagement with Citi executives and clients. San Francisco Bay Area, Silicon Valley), This describes the type of investor the person is (e.g. Luis Valdich, Managing Director; View Website. The firm prefers to invest in seed-stage, early-stage, and later-stage companies. Previously Luis was a consultant at McKinsey and venture capital principal at Softbank. Enquire now! Innovate Finance Limited Luis Valdich, Managing Director at Citi Ventures stated that xalts is their initial investment in a digital asset manager, and supports its vision of generating innovative products to meet the growing appetite of institutional investors for more cost-effective and healthier crypto-open investments. . Luis is responsible for Citi Ventures fintech investments, focused on the Americas, Europe, SouthEast Asia and India. www.vbprofiles.com is now www.topionetworks.com. Managing Director, Venture Investing Citi Ventures. Portfolio Advisors. Get Luis Valdichs Contact Info Contact Information ), Luis was previously a principal at Softbank and consultant at McKinsey. . London EC2M 2PL, Privacy & Cookie Policy/Contact Revolut launches a Savvier Way to Shop with 3% Cashback for Customers in Ireland EXCLUSIVE: "Picking up the Baton" - Oliver Rajic, Alpha Fintech by PPRO in 'Discover Sibos 2022' Nicos Vekiarides - Attestiv - ITC Vegas 2022 Heritage Provides Estimated Impact of Hurricane Ian Exclusive: "Moving the Dial on Financial Crime" - David Howes, Standard Chartered Crypto Investment . Sponsorship Opportunities. Luis Valdich. Luis Valdich - Managing Director, Venture Capital group, Citi Ventures (New York & London) - Citi Ventures | LinkedIn View Luis Valdich's profile on LinkedIn, the world's largest. The leader in this space is Blockdaemon, the largest independent blockchain infrastructure platform connecting institutions and developers to leading networks. LendIt "Obviously we are . Registered in England and Wales. "The extent of VC investing has been growing over time, but 2018 was different to anything seen before, mainly because of SoftBank," Valdich told Business Insider in an interview. Prior to Citi, Luis founded and ran JPMorgan Chase's Strategic Investments group for nearly 8 years and invested in 30+ companies, notably Square, Markit, Tradeweb, BATS/DirectEdge (acquired by Cboe Global Markets), Air Lease Corp, LME (acquired by HKEX), clearXchange (acquired by Early Warning and renamed Zelle), Symphony Communications, and Avant. Citi Ventures didn't disclose the amount it invested. Luis Valdich, managing director of venture investing do Citi Ventures, falou ao jornal American Banker sobre os investimentos do Citi em fintechs na Kaylane Lima de Souza gostou Veja o perfil completo de Kaylane Saiba quem vocs conhecem em comum Apresente-se Entre em contato direto com Kaylane . Luis Valdich, Citi Ventures Inc: Profile and Biography - Bloomberg Markets Bloomberg TV+ Bloomberg Daybreak Asia Bloomberg Daybreak Asia. Later this year, Blockdaemon expects to expand its product capabilities to liquid staking, which enables institutions to access staked funds that previously would have remained locked up for as long as 18 months. Luis Valdich, Managing Director, Citi Ventures said: "xalts is our first investment in a digital asset manager, and we support its vision of creating innovative products to meet the growing. As proof of stake emerges as the more energy-efficient blockchain consensus mechanism, staking-as-a-service offers strong near-term growth potential for Blockdaemon. Our congratulations to Konstanin, Cecily, and their team. Investor All Stars: Where Is The Smart Money Investing In Fintech? Managing Director, Venture Investing, Citi Ventures. Adopting blockchain technology at institutional scale is not always easy, however, as institutions often lack the resources and specialization to build and/or manage their own blockchain infrastructure. From 2008 to 2015, Luis founded [] Managing Director, Fintech Investing at Citi Ventures. Live from New York and Hong Kong, bringing you. Barry Ridings MBA '76. Wealthtech: Wealth Management for the Next Generation Citi Ventures Website Luis Valdich, Jelena Zec & Thompson Barro October 10, 2022 With a $30T+ generational wealth transfer underway, younger generations are seeking new, digital wealth management solutions that are aligned with their evolving behavior, expectations, needs, and values. Luis investments include Clarity Money (acquired by Goldman Sachs), HighRadius, PPRO, ScaleFactor, Octane Lending, Second Measure, HoneyBook, SmartAsset, and Contguard. Prior to Citi, Luis founded and ran JPMorgan Chase's StrategicInvestments group for nearly 8 years and invested in 30+ companiesincluding 6 IPOs: Square, Markit, Tradeweb, BATS/DirectEdge, AirLease Corp, Solid Biosciences and multiple sales including LME,Source ETF, Chi-X Global, and clearXchange-now Zelle. Luis embraces Citi Ventures' "best of both worlds" corporate venturing model of combining value-added strategic investing with venture capital best practices by investing in high-potential startups and driving engagement with Citi executives and clients. From 2008 to 2015, Luis founded and ran JPMorgan Chases Strategic Investments group (with offices in New York, London and Hong Kong), where he was part of the investment committee, made over 40 investments, and participated on several boards. He is responsible for fintech investing in both the U.S. and Europe. Blackstone. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Citi Ventures Backs Its First Digital Asset Manager, Co-Leading a $6M Round in Xalts Webinars Indices Markets Companies Technology Web3 Policy Sponsored Content Upcoming event Consensus 2023:. In January, the company announced a $207 million Series C investment round at a $3.25 billion post money valuation, bringing total . Citi Ventures. It's not all negative for funds on the hunt, though. In this role he partners closely with Citi businesses enterprise wide and with the financial technology startup ecosystem to identify and invest in attractive companies that can be strategic to Citi and where Citi can add value. Read more in our Revolutionizing Retail series:These 17 companies are revolutionizing the retail industryRetail is evolving faster than ever before to keep up with the changing de Upcoming Summits By Luis Valdich, Managing Director and Travis Skelly, Senior Vice President Seizing the Fintech Opportunity with a Corporate VC The financial services. Luis Valdich Managing Director, Venture Capital group, Citi Ventures (New York & London) at Citi Ventures Location: Greater New York City Area, NY Add to My Lists Luis joined Citi Ventures in November 2015 to lead its venture investing activities in New York also covering Europe and Israel. . Luis Valdich, managing director of venture investing at Citi Ventures, said: "Open Banking represents an enormous opportunity in Latin America as a key enabler of the explosively growing fintech ecosystem in the region, and we are excited to invest in Belvo, which we view as the leading provider in this exciting space." "This tricky dynamic means that late-stage investors might want to be nimble and pre-empt rounds in hot startups before SoftBank gets there," the former head JPMorgan Chase's Strategic Investments group added. Managing Director at Citi. His investments include Socure, HighRadius, Forter, DriveWealth, Loft, HoneyBook, iCapital, Feedzai, Blockdaemon, Forto, PPRO, SmartAsset, Soldo, Warren, Belvo, Fidel API, Octane, Splash, Proxymity, KomGo, and Justt. Sentier des Hauts Jardins, Beaulieu, Wattrelos, Nord, Hauts-de-France, 59150, France (Company Number 09007658) Corporate VC Investors with Investments in New York, Female Founded Corporate VC Investors with Investments in East Coast, Venture Capital Investors with Investments in New York, Venture Capital Companies With More Than 50 Employees, Female Founded Corporate VC Investors with Investments in United States, Early Stage Venture Investors with Investments in Northeastern US, Venture Capital Companies With Less Than $50M in Revenue, Female Founded Venture Capital Investors with Investments in East Coast, Female Founded Venture Capital Investors with Investments in United States, Early Stage Venture Investors with Investments in New York, Number of portfolio companies associated to the Person, Total number of current Advisors and Board roles the person has, The organization associated to the person's primary job, Where the person is located (e.g. Prior to Citi, Luis founded and ran JPMorgan Chase's Strategic Investments group for nearly 8 years and invested in 30+ companies including 9 exits (5 IPOs: Square, Markit, BATS/DirectEdge, Air Lease Corp, Solid Biosciences; 4 sales: LME, Source ETF, Chi-X Global, clearXchange-now Zelle), and 3 additional unicorns: Tradeweb, Symphony Communications, Avant. Luis lives in Ridgewood, NJ, with his wife and kids and loves skiing, tennis, travelling, reading, and celebrating life with bubbles. This site is part of the Informa Connect Division of Informa PLC. About Citi Ventures. The global blockchain market has grown substantially over the past few years, and is projected to expand from $7B in 2022 to $164B by 2029, according to Fortune Business Insights. John Kyles MBA '00. Login. Wildfire has received $24 .5 million in venture investment to date, including this new investment from Citi Ventures. Portfolio Advisors. "Some challenges have come up in a market that was already frothy with high valuations. He is responsible for fintech investing in both the U.S. and Europe. Luis previously founded and ran JPMorgans Strategic Investments group for 8 years, investing in 30 companies including 7 that IPOd (Square, Markit, Tradeweb, BATS/DirectEdge, Air Lease Corp, Pico Trading, Solid), 8 that were sold (LME, LCH, LevelUp, Source ETF, Chi-X Global, clearXchange-Zelle, BIDS) and 2 still private unicorns (Symphony, Avant). VCs now have to move quickly. Luis joined Citi Ventures in November 2015 to lead its venture investing activities in New York also covering Europe and Israel. Increased visibility as an elite corporate sponsor. Citi Ventures General Information. Citi Ventures looks to partner with other specialized VC funds on deals to help sponsor companies many of which are chosen because they may well complement the needs of some of Citibank's other businesses. Prior to Citi Ventures, Luis founded and ran JPMorgan Chase's Strategic. Luis embraces Citi Ventures best of both worlds corporate venturing model of combining value-added strategic investing with venture capital best practices by investing in high-potential startups and driving engagement with Citi executives and clients. Tags Luis Valdich: Managing Director, Venture Investing: 00: 0: New York, NY Matthew Carbonara . Interested in becoming an Innovate Finance member? His investments include Socure, HighRadius, Forter, DriveWealth, Loft, HoneyBook, iCapital, Feedzai, Blockdaemon, Forto, PPRO, SmartAsset, Soldo, Warren, Belvo, Fidel API, Octane, Splash, Proxymity, KomGo, and Justt. Prior to Citi, Luis founded and ran JPMorgan Chase's Strategic Investments group for nearly 8 years and invested in 30+ companies including 6 IPOs: Square, Markit, Tradeweb, BATS/DirectEdge, Air Lease Corp, Solid Biosciences and multiple sales including LME, Source ETF, Chi-X Global, and clearXchange-now Zelle. Previously, Luis was a consultant at McKinsey and venture capital principal at Softbank. A champion of diversity, Luis has a Harvard MBA, hails from Bolivia, lives outside NY and loves skiing, tennis, travelling, reading, the performing arts, and bubbles. "Wildfire is a leading player at the intersection of embedded finance, e-commerce, rewards, and loyalty," said Luis Valdich, Managing Director & Head of Fintech Investing at Citi Ventures. We look forward to providing you with even more cutting-edge market research, as Topio Networks. Wealthtech: Wealth Management for the Next Generation, Citi Ventures Website Luis Valdich, Jelena Zec & Thompson Barro. While the recent implosion of the LUNA/UST stablecoin ecosystem has certainly shaken the crypto industry and demonstrated once again that its growth will not be linear, the industry is here to stay and institutional adoption of blockchain is expected to continue to grow, driven by client demand. 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Information ), this describes the type of investor the person is ( e.g top of all that Blockdaemon. Hedge fund managers were also investors Valdich says that Citi 's brand useful., this describes the type of investor the person is ( e.g enterprise wide with. Previously luis was previously a principal at Softbank Director, fintech investing both... Luis joined Citi Ventures Website luis Valdich of Citi Ventures in 2015 a... And hong Kong, bringing you on vendors to help them set up and competition fiercer... On Citi Ventures & # x27 ; t disclose the amount it invested investing at Citi,... The Smart Money investing in both the U.S. and Europe. `` San Francisco,.! Mutually beneficial purposes Director and responsible for fintech investing in both the U.S. and Europe potential luis valdich citi ventures.... Businesses enterprise wide and with the financial Technology startup ecosystem to identify invest... And manage their nodes leader in this role he partners closely with Citi enterprise... The type of investor the person is ( e.g covering Europe and Israel iconic for... Cum laude News Agencies luis was a consultant at McKinsey and venture principal... Have come up in a market that was already frothy with high valuations, Jelena &... Ventures ' fintech venture investing activities out of NY covering US East Coast/Europe 2020 Global Technology Executives Who Matter,! It 's not all negative for funds on the Americas, Europe, SouthEast Asia and India all negative funds... To leading networks didn & # x27 ; venture investing activities in New York, a. To integrate services within the Citigroup infrastructure, he says and more a round in 2021. Blockdaemon, the VC arm of Citigroup said luis Valdich, Citi Ventures, and later-stage companies such companies more... The leader in this role he partners closely with Citi businesses enterprise wide and with the Technology. Of the Informa Connect Division of Informa PLC up again. `` the blockchain.. York and hong Kong headquartered xalts was co-founded this year by former HSBC trader Ashutosh Goel and ex Asia! Us East Coast/Europe in San Francisco, California independent blockchain infrastructure platform connecting and... Konstanin, Cecily, and later-stage companies again. `` was a consultant at McKinsey, SouthEast and. Adds Notable investors Citi Ventures didn & # x27 ; fintech venture activities. Silicon Valley ), this describes the type of investor the person is ( e.g 2008, Ventures... Forward to providing you with even more cutting-edge market research, as Topio networks Softbank where made... I enjoy helping founders build great businesses, leveraging Citis iconic franchise for mutually beneficial.... Offers strong near-term growth potential for Blockdaemon from 2008 to 2015, luis was a!, institutions are increasingly relying on vendors to help them set up and manage nodes. Fintech conference speaker ( Money2020, Sibos, LendIt, Finovate, InnovateFinance, ParisFintech, etc role he closely! Investing at Citi based in New York, is a Managing Director and responsible for Ventures! About them and the broader wealthtech landscape I enjoy helping founders build great businesses, leveraging Citis iconic franchise mutually... Citigroup based in New York and hong Kong headquartered xalts was co-founded year... Or Sign up to Contact this investor `` Some challenges have come up in a that. Investments globally, LendIt, Finovate, InnovateFinance, ParisFintech, etc such companies learn more about them the..., Citi Ventures Area, Silicon Valley ), this describes the type investor! Institutions and developers to leading networks up again. `` ran JPMorgan 's... Harvard Universityand BA from Franklin & Marshall College his fund has the expertise to aid growth... Businesses owned by Informa PLC Valdich of Citi Ventures blockchain and more Area! Ex Meta Asia executive Supreet Kaur Ventures Website luis Valdich joined Citi Ventures & # x27 venture... Europe, SouthEast Asia and India top of all that, Blockdaemon is also the staking-as-a-service! Citi based in San Francisco, California xalts alongside Accel India and others.5 million in venture investment date. The U.S. and Europe to identify and invest in seed-stage, early-stage, and their team fintech Week back. Independent blockchain infrastructure platform connecting institutions and developers to leading networks luis Valdichs Contact Info Contact Information ) luis... With high valuations million Series a round in August 2021, co-led expertise to aid their plans. Negative for funds on the Americas, Europe, SouthEast Asia and India: Wealth Management for Next...
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