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Rex Salisbury’s Cambrian Ventures raises new fund, bucking fintech slowdown
Spurred by the performance of its first fund, Cambrian Ventures' $20 million second fund will continue the firm's thesis of focusing on fintech startups.
Prior to joining a16z, Salisbury founded a fintech community that hosted monthly meetups for founders, builders, and sector enthusiasts. Thanks to his well-regarded network, Salisbury attracted founders from top fintech companies like NerdWallet, Plaid, Betterment, and Melio as LPs for his first fund. Salisbury says his strategy remains unchanged for Cambrian’s second fund, explaining that he is still focused on “finding great founders who have new ideas for unique products.”
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