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Thirdstream Partners

North America, California, United States, San Mateo

Description

Thirdstream Partners LLC is a specialized venture capital firm based in San Mateo, California, dedicated to investing in early-stage financial technologies (FinTech) and financial services companies. Established in 2017, the firm focuses on identifying and supporting innovative startups that are building the next generation of financial infrastructure and services. Their investment thesis centers on the transformative potential of technology within the financial sector, targeting companies that address critical needs and opportunities in this rapidly evolving market.

The firm primarily targets Seed and Series A funding rounds, positioning itself as an early and strategic partner to its portfolio companies. Thirdstream Partners has built a notable portfolio of 11 investments, frequently co-investing alongside other prominent venture capital firms. Their portfolio showcases a strong inclination towards B2B FinTech infrastructure, including companies specializing in banking-as-a-service, payment operations, and fraud prevention. Key investments include Finix, a payments infrastructure provider; Synctera, a banking-as-a-service platform; and Treasury Prime, another significant player in the banking API space, all of which have gone on to raise substantial follow-on funding rounds.

While specific investment amounts are not publicly disclosed by Thirdstream Partners, their participation in Seed and Series A rounds for high-growth FinTech companies suggests a typical check size range. Based on their role as co-investors in multi-million dollar rounds, it is estimated that their initial investments generally range from approximately $500,000 for Seed stage participation to about $3,000,000 for Series A rounds. This strategic approach allows them to support promising ventures at their critical early growth phases, leveraging their deep industry expertise.

Thirdstream Partners plays a crucial role in nurturing the FinTech ecosystem by providing capital and strategic guidance to nascent companies. Their focused investment strategy and track record of backing successful FinTech innovators underscore their commitment to shaping the future of financial services. The firm's consistent activity since its founding in 2017 highlights its sustained engagement in the dynamic FinTech landscape.

Investor Profile

Thirdstream Partners has backed more than 49 startups, with 1 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 11 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Series Unknown, Seed rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Australia.
  • Strong thematic focus on Financial Services, FinTech, Finance.
  • Typical check size: $500K – $3M.

Stage Focus

  • Series A (35%)
  • Series Unknown (27%)
  • Seed (20%)
  • Series B (8%)
  • Series C (2%)
  • Private Equity (2%)
  • Series D (2%)
  • Pre Seed (2%)
  • Undisclosed (2%)

Country Focus

  • United States (90%)
  • United Kingdom (2%)
  • Australia (2%)
  • Singapore (2%)
  • Colombia (2%)
  • Japan (2%)

Industry Focus

  • Financial Services
  • Fintech
  • Finance
  • Blockchain
  • Software
  • Trading Platform
  • Personal Finance
  • Impact Investing
  • Sustainability
  • Artificial Intelligence (Ai)
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Thirdstream Partners frequently co-invest with?

Cantos
North America, California, United States, San Francisco
Co-Investments: 3
Urban Innovation Fund
North America, California, United States, San Francisco
Co-Investments: 3
Digital Currency Group
North America, Connecticut, United States, Stamford
Co-Investments: 3
AME Cloud Ventures
North America, California, United States, Palo Alto
Co-Investments: 2
Access Ventures
North America, Kentucky, United States, Louisville
Co-Investments: 2
Nyca Partners
North America, New York, United States, New York
Co-Investments: 4
Kapor Capital
North America, California, United States, Oakland
Co-Investments: 3
Route 66 Ventures
North America, Virginia, United States, Alexandria
Co-Investments: 3
Sound Ventures
North America, California, United States, Beverly Hills
Co-Investments: 2
Wicklow Capital
North America, Illinois, United States, Chicago
Co-Investments: 3

Which angels does Thirdstream Partners often collaborate with?

DC
Europe, Ile-de-France, France, Paris
Shared Deals: 1
SW
North America, New York, United States, New York
Shared Deals: 1
JF
North America, California, United States, San Francisco
Shared Deals: 1
CJ
North America, New York, United States, New York
Shared Deals: 2
TB
North America, Michigan, United States, Ann Arbor
Shared Deals: 1
SG
North America, California, United States, San Francisco
Shared Deals: 2
CN
North America, California, United States, Los Angeles
Shared Deals: 1
AS
North America, New York, United States, New York
Shared Deals: 1
Marie A. Chandoha
North America, Massachusetts, United States, Boston
Shared Deals: 1
RK
North America, California, United States, Belmont
Shared Deals: 1

What are some of recent deals done by Thirdstream Partners?

Provenance Blockchain Labs (ProvLabs)

San Francisco, California, United States

ProvLabs is a fintech company that offers blockchain SaaS solutions for financial institutions.

BlockchainFinancial ServicesFinTechSaaSWeb3
SeedNov 8, 2024
Amount Raised: $17,650,200
Climate Vault Solutions

Seattle, Washington, United States

Climate Vault Solutions a provider of climate solutions that is defining the market for climate action by offering a comprehensive solution.

Environmental Engineering
Series AJun 13, 2023
Amount Raised: $9,400,000
Climate Vault

Chicago, Illinois, United States

Climate Vault is a non-profit organization that provides environmental services.

Environmental ConsultingEnvironmental EngineeringNon Profit
Series UnknownMay 4, 2023
Amount Raised: $9,400,000
InterPayments

Sydney, New South Wales, Australia

InterPayments is changing the profit game for U.S. retailers by allowing them to recover every dollar permitted.

E-CommercePayments
Series AMar 1, 2023
Amount Raised: $5,000,000
Quadrata

Marina Del Rey, California, United States

Quadrata is a Passport Network that brings the identity and compliance layer to DeFi across existing public blockchains.

BitcoinBlockchainFinanceIdentity ManagementSoftware
SeedJan 1, 2023
Iconik

Laguna Beach, California, United States

Iconik is a trading platform that allows investors to build voting technology to exert more influence on companies.

AppsFinancial ServicesFinTechTrading Platform
Series UnknownJan 1, 2023
Ficc.ai

Seattle, Washington, United States

Ficc.ai is a capital markets and enterprise SaaS company that uses machine learning to create efficiency & capture alpha in fixed income.

FinTechMachine Learning
Series UnknownJan 1, 2023
Deception And Truth Analysis

Sarasota, Florida, United States

Deception And Truth Analysis is a proprietary library of scientifically-based algorithms that rapidly scour financial texts for deception.

Information TechnologySoftwareText Analytics
Series UnknownJan 1, 2023
Infima

San Mateo, California, United States

Infima is a deep-learning-based mortgage analytics platform for predicting borrower payment behaviors.

Artificial Intelligence (AI)FinTechMachine LearningPredictive Analytics
SeedJul 26, 2022
Amount Raised: $5,000,000
FutureProof Technologies

San Diego, California, United States

FutureProof is a climate-smart P&C insurtech using AI to power a new generation of insurance underwriting and pricing.

Financial ServicesInsurTechProperty Insurance
Series UnknownMay 5, 2022
Amount Raised: $6,500,000