Hi friends,
As we close out Q3, we’re eager to share some highlights from our firm. Last week, we celebrated US National Immigrants Day, a moment to recognize the immense contributions of immigrants to our nation, and Fortune Magazine released an article about One Way’s Founding Partner Semyon Dukach, where he talks about why we should not immigrants for granted.
While we are optimistic about value creation opportunities from rapidly evolving technologies and exceptional immigrant entrepreneurs, we also remain mindful of global challenges, such as the recent Hamas terror attack on Israel, Russia's ongoing Ukraine situation, and the ongoing humanitarian crisis in Ethiopia's Tigray region.
Despite the challenges we face, our dedication to supporting our immigrant entrepreneurs remains unwavering. We're excited to share some positive highlights from our recent quarter, including a new fintech investment that aims to simplify the complex inheritance process, the expansion of our advisory network, and notable achievements within our portfolio companies.
New Investments in Q3
Ribbon | Fintech
Ribbon is a fintech startup designed to simplify the inheritance process by serving as a one-stop intermediary between beneficiaries and financial institutions. The platform is focused on alleviating the typical 15+ hours spent by beneficiaries in dealing with multiple financial institutions to claim inherited assets.
The company was founded by Saeid Kian, the son of Iranian refugees and a top-performing product manager at Meta and Stripe, and Allan Oloo, a Kenyan immigrant and the 2nd engineering hire at Capitalize.
We recognized the importance of this opportunity as Ribbon originates from Saeid’s profound personal experiences with the challenging process of receiving an inheritance. Leveraging their combined 10 years of experience in building fintech products, Saeid and Allan rapidly validated the legal feasibility of automating this process. Within just three months, they developed an MVP and secured their first customer along with several key distribution partners.
Portfolio Highlights
🏠 Mighty Buildings raises $52M to build 3D-printed prefab homes [TechCrunch]
🚙 Helm.ai Announces $55 Million Series C Funding for its AI Software [Cision]
🖥️ Brelyon Named Recipient of Optica's 2023 Paul F. Forman Team Engineering Excellence Award [Cision]
Pathfinder Collective Spotlight
The Pathfinder Collective is our advisory network of unicorn founders, dedicated to helping our portfolio companies as they scale. Below are a few individuals who have earned a special mention for helping our portfolio companies navigate difficult challenges this quarter:
Damian Kimmleman: Co-Founder, Batelle, Rho Bank, and Founder’s Pledge
Pep Gomez: CEO & Founder, Fever
Juan Pablo Ortega: Co-Founder, Yuno and Rappi
Brian Ma: Founder & General Partner, Iterative Capital; Former CEO, Divvy Home
Global News + Resources
One Way Ventures Seeks Fierce Immigrant Founders
4 ways to show customers they can trust your generative AI enterprise tool
Green Card Backlog Decreased by 3.5%
17 Tools and Resources for Immigrants in the U.S.
1% of venture capital goes to Black founders. California’s new bill hopes to shame VCs into change
Featured Jobs
Interested in working for a venture-backed startup? Explore some of our handpicked selections below or visit our careers page to learn more:
Sales Development Representative at Billdr (📍 Remote)
FP&A Manager at Mighty Buildings (📍 Monterrey - Mexico)
Dev Ops Engineer at Qashio (📍 Dubai - UAE)
Product Designer at Ribbon, Part Time (📍 Remote)
Operations Lead at Ribbon, Full Time (📍 Remote)
Want More?
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4 ways to show customers they can trust your generative AI enterprise tool by Luigi La Corte (CEO of Provision) and Leo Arango (Partner at One Way Ventures).