Global CVC funding hit an all-time high of $73B in 2020. Corporations are increasingly investing in the startup community and can be a valuable resource beyond capital. But not all corporate VCs are the same. Understanding a corporate investor’s strategy, mandate, and processes can improve how startups successfully fundraise from corporate VCs. Intuit Ventures recently invested in Clearco, a $2B+ startup that is disrupting traditional VC with founder-friendly, equity-free capital. Join Shveta Mujumdar (VP of Corporate Development at Intuit), Andrew D’Souza (Co-founder and CEO at Clearco), and Michele Romanow (Co-founder and President at Clearco) to learn what corporate VCs are looking for in an investment and how to best position your company and showcase how you are solving your customers’ biggest problems.
Andrew D’Souza — Co-Founder & CEO, Clearco
Andrew D’Souza is the Co-founder & CEO of Clearco, the largest e-commerce investor in the world. Andrew has raised hundreds of millions of dollars in venture capital and is an adviser and investor to companies such as WealthSimple, Properly, and Tulip Retail. Prior to Clearco, Andrew was the president of Nymi, a wearable platform focussed on identity and security and the COO of the education startup, TopHat. Andrew began his career as a consultant with McKinsey & Company after receiving his degree in Systems Design Engineering from the University of Waterloo.
Shveta Mujumdar — Vice President of Corporate Development, Intuit
Shveta Mujumdar is the vice president of Corporate Development at Intuit. In her role, she leads the company’s M&A strategy, execution, and integration efforts and is also leading Intuit Ventures. Prior to her role at Intuit, she served as Vice President, Corporate Development for Lynda.com, an online learning platform, up until and through the sale to LinkedIn for $1.5B. Additionally, Shveta has held various strategy, corporate development, and financial advisory roles at Live Nation/Ticketmaster, Goldman Sachs, and Deloitte. She holds a B.A. and M.A. in economics from the University of Southern California and an M.B.A. from the University of California, Berkeley Haas School of Business. She also sits on the board of Mr. Cooper Group, Inc. (Nasdaq: COOP) and is on the Board of Trustees for Whittier College, a 4-year private liberal arts college in Southern California.