A16Z

Novo is a venture-backed fintech that makes banking powerfully simple for small businesses. Since its Fall 2018 beta launch, Novo has grown from free business checking accounts and debit cards to lending products, business tools (invoicing, bookkeeping and more) and a wide set of integrations. Today the platform serves over 250,000 small businesses and has processed billions of dollars in transactions in partnership with established banking partners. Novo is a fintech, not a bank - banking services are provided by Middlesex Federal Savings, F.A., Member FDIC. The company has raised $170 million in venture capital from investors including Stripes, Valar Ventures, Crosslink Capital and Notable Capital (formerly GGV).

We’re building the first autonomous insurance group, starting with Morrow, our AI-native commercial insurance brokerage. We help businesses find, compare, and buy insurance across 100+ carriers. Every placement deepens our understanding of businesses, risk, and underwriting. We’re turning that knowledge into an insurance ontology that gives our AI agents the context to reason, apply judgment, and execute insurance workflows autonomously across calls, emails, and carrier portals. Our ambition is to build the most comprehensive intelligence layer in the industry. Over time, we’ll use this foundation to develop and underwrite our own insurance products. Insurance spending represents 12% of U.S. GDP, and we want to go after all of it. We’re backed by C-suite executives at some of the world’s largest insurers, first-check investors in Rippling and Twilio, and a Cloudflare board member.

Alder is an AI-native property management company that operates directly in the property management industry. By leveraging artificial intelligence as a core part of its operations, Alder manages properties with a technology-forward approach designed to streamline and enhance traditional property management practices.