At Two Culture Capital we try to operate quietly, and invest smartly, but if you’ll indulge us in one annual review, here’s a short overview. Looking back on 2020, which was a very tough year for the world, we are reflective and thankful of our global reach and network that enabled us to partner with incredible founders across four continents from pre-seed to IPO. Check out our Full 2020 Year in Review.
We are immensely thankful for our global friends and thought partners who enable us to cast the net wide without traditional regard for stage, geography, or sector. Unlike most firms who are geo or stage driven, we are trust driven, and invest in the relationships we have in doing this for the last decade. Some of the highlights were:
We kicked off 2020 with a ~50x exit from CoverWallet’s sale to AON. Founded by Spanish three-time entrepreneur Inaki Berenguer, we’ve known him a decade, and even worked at his prior startups. We were the first check into CoverWallet.
Backed repeat Spanish founders building the Plaid of Latin America before Y-Combinator. After demo day they raised $10M from Founders Fund and Kaszek.
Participated in the largest Series A in Brazil health history alongside Redpoint, MAYA, Monashees, and Valor Capital, four of the top funds in Brazil. Sami is building the Oscar Health of Brazil, an accessibly priced health insurance company.
Followed on in Kin’s Series Seed with Canaan after investing in their pre-seed. Kin Euphorics is the leading company in the zero-proof beverage space.
Participated with Lightspeed Ventures in Carta’s Series F alongside Tiger Global, Andreessen Horowitz, Thrive Capital and others in the leading private market stock and options management platform building a private market exchange.
Invested alongside Y-Combinator, ALLVP and the founders of Uber and OpenDoor in the leading instant buyer in Mexico, facilitating home buying online.
Invested with Sequoia Capital in Robinhood’s Series F alongside NEA and Ribbit Capital in the world’s leading zero-commission brokerage platform.
(Stealth)
Invested alongside First Round Capital in the Seed round of a future of work platform created by the founders of Optimizely, a recently-exited unicorn.
Invested alongside Tiger Global, Coatue, Sequoia Capital and Accel in the Series E of UI Path, leader in future of work robotic process automation (RPA).
Invested alongside Foundation Capital and Magma Partners in the Pre-Seed round of JEFA, a bank focused on the 1.3 billion unbanked women in the world.
Invested alongside True Ventures, Homebrew, and Inspired Capital in Seed round of artificial intelligence and machine learning re-insurance startup Kettle Re.
Invested alongside Tiger Global, Ballie Gifford, BOND Capital and IQONIC in the Series D of 3-D printing and rocket company Relativity Space.
Invested pre Y-Combinator alongside our friends at East Ventures in the Plaid of South East Asia, a leading team out of Google, Lending Club, and EV’s EIR program.
Invested alongside ENIAC and Arc Ventures in a vertical payments solution for the health care industry founded by veterans of Mt. Sinai and Enigma.
Followed on in Kumu, the #1 app in the Philippines where we were the first check. Kumu over 7 million users create 30,000 live streams every day.
We couldn’t be more excited about 2021 and doubling down not only on the founders who have been kind enough to allow us on the journey with them, but also to partner with the next generation of founders solving big problems, anywhere on Earth. What we also realize is that while we’re excited about the SpaceX Starship and the Hyperloop getting us from point A to B faster than we ever imagined, you can also run a fully global fund from one or two desks, a Zoom subscription, and WhatsApp.