3Q25 Newsletter
Hello, It’s BTV 👋
Welcome back to our quarterly update!
Q3 is always one of our favorite times of the year - and this one was packed. In October alone, we managed to:
- Head south for a team offsite in Mexico 🇲🇽 (spoiler alert - it rained the whole time so we sat inside and talked about the future of BTV and played Monopoly Deal)
- Host our Annual LP Meeting 🏛️
- Gather founders in the Redwoods for Camp BTV 🌲
- Host a happy hour and dinner at M2020 🎰
ICYMI: We announced BTV III! → Read more here.
If you want to read more about how we view all the fintech activity in the context of Fund III, check out this blog post from JC.
And if you want to learn more about what we are seeing at the intersection of AI and fintech, check out this blog post from Nihar.
🗓️ Coming Up - Where in the World is BTV?
Here’s where you’ll find Team BTV over the next quarter+:
- Nov. 14-19: Jake ➡ NYC 🗽
- Dec. 1-2: Jake ➡ NC 🤠
- Jan. 9-13: Sheel ➡ Buenos Aires 🇦🇷
- Jan. 11-15: Jake ➡ NYC 🗽
- Jan. 19-22: Sheel ➡ NYC 🗽
- Feb. 19-22: Sheel ➡ Boca Raton, FL ☀️ (Stepstone summit)
- Feb. 25-26: Jake ➡ Upfront Summit LAl
- Mar. 1-4: Nihar ➡ India 🇮🇳
- Mar. 2-6: Sheel ➡ Vail ⛷️ (Cendana summit)
📈 BTV Portfolio Updates
💰 Fundraising (announced rounds)
Meroka (BTV II) raised $6 million in a seed funding round, which we co-led with Slow. To learn more about why we invested, check out some thoughts from Nihar!
Monk (BTV II) raised $4 million in a seed funding round, which we led. To learn more about why we invested, check out some thoughts from Nihar!
BRKZ (BTV II) secured $30M in venture debt.
Kin (Opp) raised $50M in a Series E funding round at a $2B valuation.
Human Interest (pre BTV) in talks to raise at $3B valuation.
📰 In the News
Caliza (BTV I) partnered with Skydo to make it easier for Indian merchants to accept payments from international buyers.
Coast (BTV I) launched a valuation tool.
Layer (BTV II) published a case study with Dripos.
Agree (BTV II) launched agentic revenue recovery.
Ramp (pre BTV) hit a major milestone - $1B annualized run rate for gross revenue.
📢 BTV in the Spotlight
Podcasts and articles featuring our portfolio founders:
- Yoseph (Relay) was on PYMNTS and The Fastest Growing Fintech You’ve Never Heard Of
- YG (Deck) was featured on the Infinity Founder Spotlight
- George (Monk) was on TWIF and TBPN
- Alex (BTV) was interviewed by Yoni at Slow Ventures
- Daniel (Coast) was on I/O podcast
- Mitch (Basis) was featured on The MAD Podcast
- Tim (Notes) was on the HMC feature
- Doug (Ethic) was on the PMF Show
- Justin (Layer) was on Do fewer things and Founder Fridays
Our BTV team also spent some time in the spotlight. Per usual, by team, we mean Sheel!
- Sheel:
- Spoke at AI Weekend Croatia 🇭🇷 with Victor Dodig, CEO of CIBC bank
- Was on TBPN, discussing Fund III.
- Was as featured in The Information
- Was on Unfair Edge
🤙 Community
Not only did we get to spend time with founders in NYC this summer AND soak up the rain? (and strategy) with our team in Mexico, but we also teamed up with friends at SVB and Monk to bring even more fintech minds together under one roof.
Here’s the highlight reel:
In July, we kicked things off with a BTV Founder Dinner in New York. A lively night of stories, laughs, and a few heated debates over the future of fintech (in true BTV fashion).
Then, in September, we partnered with our portfolio company Monk and SVB to host the Strategic Finance Network Dinner, bringing together top finance leaders and operators for an evening of sharp insights, great food, strong cocktails, and even stronger connections.
Finally, we kicked off October by heading south for our offsite in Puerto Escondido. A week of reflection, surf sessions that got canceled by torrential rain (but don’t worry there was plenty of Monopoly Deal going on), and deep dives into what’s next for BTV. There may have been a few mezcal-fueled brainstorms along the way. 🧐
The rest of October was jam packed but still is our favorite month of the year. Over one unforgettable week we pulled off:
- Our Annual LP Meeting
- AGM after party
- Unit x BTV Coffee + Croissants
- Camp BTV
- Money 20/20 Kickoff Happy Hour with Notable, GIC, and Blank
- Money 20/20 Dinner with SVB
📖 Reading
Our friends at This Week in Fintech wrote a great piece on the opportunity for startups in agentic payments. Check it out!
We also spent time reading and digging into Ribbit's token letter.
💪 Talent
As you’ve read, this time of year is an especially busy one for the team at BTV. Our AGM is also a valuable moment for reflection. We shared some of the core pillars of our Talent Platform with our LPs: Hiring Enablement, Network Activation, Advisory & Systems, and Internal Platform Building.
Looking back over the past three years, the scope of our work has been remarkable: more than 500 candidates added to our talent network, over 800 introductions made into BTV companies, and many high-impact hires, advisors, contractors, and fractional leaders who have helped our portfolio grow.
There are incredible opportunities across our portfolio, spanning Engineering, GTM, Product, and Design functions. If you’re exploring what’s next in your career or know someone who is, we’d love to connect.
Made it this far? We appreciate you. Feel free to hit reply and tell us what you want from this newsletter so we can be better tomorrow (and next quarter).
Until next time,
Team BTV
