WEX Venture Capital is the corporate venture capital arm of WEX Inc. (NYSE: WEX), a global financial technology company providing payment processing and information management services. It invests in early-stage startups focused on the energy transition in mobility, including fleet electrification, EV charging, energy management, and B2B payments.
30% of their portfolio is in Climate & Energy. Deal activity increased 100% year-over-year (2 deals in the last 12 months). Their most common stage is series-a (80% of deals). Average disclosed round size is $18.4M (across 9 rounds with reported amounts).
Portfolio
10
Fund Size
$100M
Top Stage
Series A
Last 12 Mo
1
Team
Lee Carter
Investor
Vanessa Trinh Keeling
Investor
Vlad Korshin
Investor
David Klein
Founder & Head of WEX VC
Kate Murphy
Strategy
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
Top Co-Investors
Last updated: 8 September 2026