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The TMC Emerging Technology Fund, established in 2020, operates as an early-stage venture capital fund sponsored by The Mortgage Collaborative (TMC). This fund is dedicated to investing in companies that enhance the efficiency of mortgage manufacturing and servicing, improve customer experience, and increase profitability in mortgage origination. The fund's unique structure allows it to leverage the expertise of its Limited Partners, who are technology-forward lender members of TMC, providing a strategic advantage in the mortgage sector.
Currently, the fund focuses on earlier stage companies, specifically from seed stage through Series B, with a geographic emphasis on North America. The TMC Emerging Technology Fund has a portfolio of eight companies, showcasing its commitment to fostering innovation in the mortgage industry. The fund's approach is characterized by its ability to syndicate alongside other fintech VC and private equity funds, allowing it to lead mortgage-focused syndicates rather than investing alone.
Notable milestones include the establishment of a strong network of over 262 lender members, which facilitates product-market fit validation and sales channel deployment for portfolio companies. This network significantly reduces sales-cycle friction and enhances go-to-market strategies for startups in the mortgage technology space.
The TMC Emerging Technology Fund invests in companies that improve various aspects of the mortgage industry. Its investment strategy encompasses several key themes, including Robotic Process Automation (RPA), Cybersecurity and Blockchain Applications, Machine Vision/Machine Learning, Web and Mobile Applications, Digital Transaction Platforms, and Artificial Intelligence (AI). These technologies are aimed at reducing costs, enhancing transaction speed and quality, and improving customer experiences within the mortgage sector.
Investment stages range from seed to Series B, allowing the fund to engage with startups at various points in their development. The fund specifically targets companies that demonstrate potential for improving efficiency, customer experience, quality, and profitability in mortgage manufacturing and servicing. The TMC Emerging Technology Fund seeks founders who are innovative and possess a deep understanding of the mortgage industry, as well as a clear vision for their technology's application.
Geographically, the fund focuses on North America, aligning its investments with the needs of the mortgage market in this region. The fund's strategic advantage lies in its access to a network of lender members, which provides portfolio companies with immediate opportunities for validation and deployment of their products.
The TMC Emerging Technology Fund has invested in a diverse range of companies that are innovating within the mortgage technology space. Notable portfolio companies include:
These companies exemplify the fund's commitment to improving mortgage origination and servicing efficiency through innovative technology solutions. Each portfolio company aligns with the fund's thesis of enhancing customer experience and profitability in the mortgage industry.
Jim Park: Executive Chairman, CEO & Founder. Jim has extensive experience in the mortgage industry and venture capital, having founded the TMC Emerging Technology Fund to focus on innovation in mortgage technology.
Sandy Selman: Venture Partner. Sandy has a background in investment banking and technology entrepreneurship, previously managing the $100M Asia West Environment Fund LP. His expertise lies in identifying promising startups and guiding them through the investment process.
Vik Sasi: Venture Partner. Vik brings a wealth of experience in technology and finance, contributing to the fund's strategic direction and investment decisions.
Jonathan Freed: Lender Engagement Director. Jonathan has a strong background in mortgage lending, having co-founded a successful mortgage lender that grew into one of the largest independent mortgage bankers in the region.
To pitch the TMC Emerging Technology Fund, founders should utilize the contact email info@tmctechfund.com or submit their information through the website at tmctechfund.com. A well-structured pitch deck should include details about the technology, market opportunity, and how the startup plans to improve efficiency and customer experience in the mortgage sector.
Founders are encouraged to highlight any existing traction, partnerships, or unique insights into the mortgage industry. The fund values clear communication and a strong narrative that connects the technology to real-world applications. Response times may vary, but founders should expect to hear back within a few weeks.
In March 2021, the TMC Emerging Technology Fund announced its investment in Maxwell, a mortgage origination platform, marking a significant addition to its portfolio. This investment aligns with the fund's focus on enhancing efficiency in mortgage processes.
In the same month, the fund participated in a Series B investment round for Clever Real Estate, further demonstrating its commitment to supporting innovative solutions in the mortgage industry.
Additionally, the fund has made investments in companies like TRAiNED and Capacity, both of which focus on leveraging AI to improve mortgage operations. These investments highlight the fund's strategy of backing technologies that streamline processes and enhance customer experiences.
What investment criteria does TMC Emerging Tech Fund use?
The fund focuses on early-stage companies in the mortgage technology sector, specifically those that enhance efficiency, customer experience, and profitability. It invests from seed stage through Series B.
How can I apply or pitch to TMC Emerging Tech Fund?
Founders can pitch their startups by visiting the fund's website at tmctechfund.com or by emailing info@tmctechfund.com. A clear presentation of the technology's application in the mortgage industry is essential.
What makes TMC Emerging Tech Fund different from other VCs?
The fund's unique advantage lies in its sponsorship by The Mortgage Collaborative, providing access to a network of over 262 lender members. This network facilitates product-market fit validation and accelerates sales processes for portfolio companies.
What is the geographic scope of TMC Emerging Tech Fund?
The fund primarily focuses on investments within North America, aligning its strategy with the mortgage market's needs in this region.
What is the typical check size for investments?
While specific check sizes are not disclosed, the fund targets early-stage investments, which typically range from seed to Series B funding rounds.
What post-investment involvement does TMC Emerging Tech Fund have?
The fund actively engages with its portfolio companies, leveraging its network to assist in product development, market entry, and scaling operations within the mortgage industry.
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