Omidyar Network Spins Off a New Venture Fund Called Flourish

One of the leaders in venture capital focused on financial inclusion, Omidyar Network, has launched a new initiative it is calling Flourish; the firm will launch with an existing $200 million portfolio and will have an additional $300 million to invest over the next five years; their current portfolio has 40 fintech companies including Chime, Aspiration, LenddoEFL and Neon; Tilman Ehrbeck, one of the three managing partners at Flourish said, “We believe that capital, when deployed to create individual opportunity and change sectors, can shape a more inclusive economy – where everyone does better. That is at the core of Flourish’s mission”. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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