CMFG Ventures is the venture capital arm of CUNA Mutual Group, a financially strong insurance company serving 95% of the U.S. credit unions for more than 80 years. Founded by credit union pioneers looking for a trusted financial partner, we continue to earn that trust by helping credit unions and hardworking Americans build financial security.

CMFG Ventures is looking for the next generation of like-minded entrepreneurs to help us continue our focus to serve credit unions and their members for years to come.

We want ideas that will help tomorrow’s generation plan for, protect and invest in their future. At CMFG Ventures, we build strong partnerships with companies that are motivated to bring new technology and innovation to credit unions and their members.

Initial investments of $1 - $5 million are typically made in the Series A or B round of companies that focus on one of our core investment themes:

Mobile and online banking

Mobile and online banking

Financial services

Financial services

Insurance technology

Insurance technology


Our Portfolio of Investments

Align Income Share Funding

Align Income Share Funding

This consumer finance company provides an affordable, safe, and transparent option for consumers in need of funds to receive capital in exchange for a fixed percentage of their income for a defined period of time through an Income Share Agreement.
helloalign.com

CUneXus

CUneXus

CUneXus provides a data-enabled marketing solution for credit unions to offer pre-approved lines of credit to their members through online and mobile banking platforms.
cunexusonline.com

ForeverCar

Forevercar

This auto protection business offers post loan warranty coverage that delivers choice, transparency, and a delightful user experience to the extended warranty purchasing process.
forevercar.com

Rippleshot.com

Rippleshot, Inc.

Rippleshot provides transaction monitoring and fraud detection technology for financial institutions, processors, and merchants. Its data consortium can identify payment card breaches at all types of merchants, siphon out which cards are most likely to see fraudulent activity as a result, and subsequently prescribe which transactions to decline with real-time decision rules.
rippleshot.com

SmartAsset

SmartAsset

SmartAsset helps consumers make major financial decisions through its interactive modeling tools related to home buying, retirement, insurance, taxes, investing and more. It also provides credit scores and monitoring.
smartasset.com

SpringboardAuto.com

Springboard

Springboard Auto offers a fully digital lending platform that personalizes loan terms and can make auto loan offers to borrowers with less than perfect credit, allowing credit unions to provide auto loans to members who may not otherwise qualify.
springboardauto.com


Meet the Team

Our team strives to build partnerships grounded in trust, teamwork and mutual success. We believe in investing in people, and we view our investments as a personal commitment. We value genuine relationships; straightforward and transparent communication; and people who like to work hard, enjoy life, and play the occasional round of golf.

Brian Kaas, Managing Director

Brian Kaas

Managing Director

Brent Greiber, Associate

Brent Greiber

Associate

Mandi Salo, Analyst

Mandi Salo

Associate


Announcements and News

Stories about our investments, announcements and events.

CMFG Ventures Invests in Rippleshot Read More
Feb. 8, 2017

CUNA Mutual Group Invests in Mobile Lending Tech Firm Read More
Jan. 24, 2017

CMFG Ventures Invests in CUneXus Read More
Jan. 24, 2017

Xconomy – CUNA Mutual Group Venture Arm Exits Stealth, Reveals Investments Read More
Oct. 28, 2016

Wisconsin State Journal - CUNA Mutual creates company to invest in financial startups Read More
Oct. 28, 2016

VC Daily - ForeverCar Lands $10M Read More
Oct. 27, 2016

Private Equity Wire - CUNA Mutual Group invests in ForeverCar Read More
Oct. 27, 2016

CU Today - CUNA Mutual Provides Venture Backing To ForeverCar Read More
Oct. 26, 2016

Milwaukee Journal Sentinel – CUNA Mutual venture arm leads deal Read More
Oct. 26, 2016

Chicago Crain’s - Auto warranty startup raises $10 million Read More
Oct. 26, 2016

CMFG Ventures Announces Investment in ForeverCar Read More
Oct. 26, 2016

CUNA Mutual Group Announces Strategic Investment in SpringboardAuto.com Read More
Feb. 23, 2016

Contact Us for More Information