Why We Invested In Drip Capital — Financing For Developing Markets

Excited to announce our investment alongside TI Platform, Sequoia, Accel India, Wing Ventures, Initialized Capital and YC in the $175M series C of Drip Capital which offers trade financing focused on SMEs in developing markets. Tau Ventures is an AI-first fund in Silicon Valley investing primarily in seed but we occasionally take later bets when we see immense promise. We are investing in US / Canada but in exceptional cases will consider a deal outside, Drip being the second one. The company was founded in 2018 and impressed us with (1) a strong need, (2) building an execution-focused team, and…...