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    CMFG Ventures Discovery Fund logo

    CMFG Ventures Discovery Fund

    Madison, Wisconsin, United StatesFounded 2021
    www.trustage.com/ventures/discovery-fundLinkedIn
    Fintech

    The Discovery Fund is a corporate venture capital fund created to address inequities in the financial sector by investing in underrepresented entrepreneurs building solutions for financial inclusion. It was launched by CMFG Ventures (now TruStage Ventures), the venture capital arm of TruStage (formerly CUNA Mutual Group).

    60% of their portfolio is in Fintech. Deal activity increased 100% year-over-year (2 deals in the last 12 months). Average disclosed round size is $41.1M (across 13 rounds with reported amounts).

    Find people at CMFG Ventures Discovery Fund on Goldilocks AI

    Portfolio

    14

    Fund Size

    $15M

    Top Stage

    Series B

    Last 12 Mo

    2

    Team

    Jacqueline S. Shoback

    Jacqueline S. Shoback

    Co-founder and Managing Director, 1414 Ventures

    AC

    Al Cantrell

    Managing Director, Alternatives

    AF

    Anne Finucane

    Deputy CIO, Sr. Managing Director

    BW

    Ben Wydick

    Sr. Managing Director, Investment Strategy, Risk and Platforms

    Brian Kaas

    Brian Kaas

    President and Managing Director

    Elizabeth McCluskey

    Elizabeth McCluskey

    Managing Director, Discovery Fund

    JM

    Jason Micks

    Managing Director, Credit Research

    KC

    Kevin Coombe

    Managing Director, Structured Securities

    Mike Kraus

    Mike Kraus

    Managing Director

    Sam Das

    Sam Das

    Managing Director

    SV

    Stan Van Aartsen

    Managing Director, Private Placements

    TJ

    Tom Jensen

    Managing Director, Commercial Mortgages

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    15 investments
    CompanyRoundAmountDate
    RenoFi logoRenoFiSeries B$22MMar 2026
    Piere logoPierePre-Seed$2.1MOct 2025
    Clutch logoClutchSeries B$65MJan 2025
    Clerkie logoClerkieSeries A$33MApr 2023
    Zest AI logoZest AIGrowth$50MNov 2022
    HELLO DIVORCE logoHELLO DIVORCESeed$3.3MOct 2022
    Stackwell logoStackwellSeed$3.5MAug 2022
    Caribou logoCaribouSeries C$115MMay 2022
    Happy Money logoHappy MoneySeries D$50MFeb 2022
    CarSaver logoCarSaverUnknown—Jan 2022
    SmartAsset logoSmartAssetSeries D$110MJun 2021
    MotoRefi logoMotoRefiSeries B$45MMay 2021
    Steady logoSteadySeries B$15MJun 2020
    Current logoCurrentSeries B$20MOct 2019
    Happy Money logoHappy MoneySeries D—Sep 2019

    Top Co-Investors

    Gaingels3 shared
    CMFG Ventures3 shared
    Curql3 shared
    Scale Venture Partners2 shared
    Nexus Venture Partners2 shared
    Anthemis2 shared
    IA Capital Group2 shared
    Wellington Management2 shared
    Flourish Ventures2 shared
    Accomplice2 shared
    Moderne Ventures2 shared
    The Goldman Sachs Group, Inc.2 shared
    Motley Fool Ventures2 shared
    Canaan Partners2 shared
    Service Provider Capital1 shared
    Vertex Pharmaceuticals1 shared
    SE Ventures1 shared
    Advance Publications1 shared
    Strategic Development Fund1 shared
    Major League Baseball Ventures1 shared

    Last updated: 7 October 2026