08/20/2024
🚀 Big News from Ripple Ventures 🚀
Today marks a major milestone in our journey at Ripple Ventures as we announce not just one, but two significant achievements. We’re thrilled to officially introduce Ripple Ventures Fund III, and celebrate the well-deserved promotions of two key team members (Nazuk Thakkar and Katie Ko) who have been instrumental to our success.
Ripple Ventures Fund III has been in full swing since late 2022, anchored by RBCx and the Government of Canada’s renewed Venture Capital Catalyst Initiative (VCCI) through BDC Capital. With 20 companies already backed, we remain laser-focused on investing at the “true pre-seed stage,” from inception to first revenue, supporting founders with $250K to $750K checks. Our focus is on software companies transforming legacy industries through building new-age systems of record, workflow automation tools, or platforms that enable the transition to frontier technology. We’re also doubling down on our commitment to underrepresented student and recent grad founders through the RippleX Fellowship and our Fellow Fund, writing $50K to $100K investments. And we’re just getting started—expect another 10-15 new investments in this fund alone.
We’re excited to announce two big promotions at the firm - Nazuk Thakkar to Senior Associate and Katie Ko to Associate. Naz has been a driving force in our growth, from handling deal flow full-stack to building out our co-investor and corporate development engine. Katie, the glue of our fund and deal operations, has been pivotal in scaling our sourcing engine and RippleX Fellowship. Both started with us through the RippleX Fellowship, and their passion and dedication have made them integral to Ripple Ventures.
We’re proud of what we’ve accomplished together and even more excited for what’s ahead.