Lauren Kolodny, a partner at Acrew Capital, focused on technology's role in democratizing financial services. She was pivotal in investing $9 million in Chime during its challenging 2016 startup phase. Chime's recent IPO at a $14.5 billion valuation affirmed Kolodny's strategic insight. Her enthusiasm continues as she led a $20 million Series A investment in Alix, a startup that uses AI to streamline the estate settlement process. Founder Alexandra Mysoor's difficult personal experience highlighted the need for modern solutions in this outdated domain.
"I was shocked that this process was so hard. It's paper-driven. It's archaic. You're googling to-do lists that are not helpful. You're calling attorneys who might do a sliver of the work, and they cost thousands and thousands of dollars."
Chime, backed by Lauren Kolodny, went public at a $14.5 billion valuation, validating her foresight in investing in technology for the working class.
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