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APX Ventures

APX Ventures is a venture capital firm that invests in early-stage technology companies in the Greater Toronto Area.
APX Ventures
Leadership team

Phil Sanderson , Paul Kedrosky, and Ben Narasin (Managing Directors)

Number of Employees
0 - 50
Headquarters
Greater Toronto Area
Established
2017
Social Media
Summary

APX Ventures is a venture capital firm that invests in early-stage technology companies in the Greater Toronto Area and beyond. The firm has a portfolio of over 20 companies, ranging from start-ups to established companies in the sectors of artificial intelligence, blockchain, healthtech, fintech, and media & entertainment. APX Ventures is focused on helping startups grow and scale, providing them with capital, mentorship, and strategic advice. The firm also has an incubator program that provides access to resources, connections, and expertise to help entrepreneurs bring their businesses to the next level.

History

APX Ventures is a venture capital firm that invests in early-stage startups with the potential to disrupt the financial services industry. The firm was founded in 2017 by serial entrepreneur and venture capitalist, Morgan Beller.

APX Ventures focuses on investments in high-growth companies that are aiming to disrupt financial services. The venture capital firm is particularly interested in investments related to blockchain technology, artificial intelligence, and machine learning.

The firm has invested in a number of successful companies, such as Coinbase, Circle, and Robinhood. APX Ventures has also invested in more than 30 startups in the United States, Europe, and Asia, including companies such as Revolut, TransferWise, and N26.

The team at APX Ventures is made up of experienced investors, entrepreneurs, and technologists with extensive knowledge of the financial services industry. The team works closely with its portfolio companies to help them accelerate their growth.

APX Ventures is committed to creating value in the financial services industry and helping its portfolio companies become successful. The venture capital firm is constantly on the lookout for innovative new companies that have the potential to change the way people access, use, and manage their money.

Investment criteria
  • Strong founding team: APX Ventures believes that a strong founding team is the foundation of any successful startup. The firm looks for teams with a track record of success, a clear vision for their company, and the skills and expertise needed to execute on that vision.
  • Innovative technology: APX Ventures focuses on investing in startups that are using technology in new and innovative ways to solve real-world problems. The firm looks for companies with a unique approach to their market and a clear competitive advantage.
  • Large addressable market: APX Ventures looks for startups that are addressing large and growing markets with the potential for significant growth. The firm looks for companies with a clear understanding of their target market and a plan for how to capture market share.
  • Scalability: APX Ventures invests in startups that have the potential to scale quickly and reach a large customer base. The firm looks for companies with a clear plan for growth and a strong understanding of the metrics that will drive that growth.
  • Early-stage startups: APX Ventures specializes in investing in early-stage startups, typically at the seed or pre-seed stage. The firm looks for companies with a clear business model and a plan for how to use the investment to reach key milestones and attract follow-on funding.
Values

At APX Ventures, they are guided by three core values:

1. Foster Innovation: They believe in pushing boundaries and actively seek out creative solutions to the challenges they face.

2. Embrace Transparency: They prioritize clear communication and strive for open, honest dialogue in all of their interactions.

3. Celebrate Impact: They recognize and reward the contributions of their team members and celebrate the results of their collective work.

Mission

According to their website, “APX Ventures is dedicated to building a community where creativity, collaboration, and technology create a better future. We strive to make a positive impact by providing access to resources, guidance, and tools for entrepreneurs, startups, and small businesses. We support our members with innovative solutions, mentorship, and education to help them achieve their goals. Our vision is to be the leading global venture capital firm providing sustainable, long-term investments, and to be the trusted partner of choice for entrepreneurs, startups, and small businesses.”

Portfolio

APX Ventures is a Berlin-based venture capital firm that invests in early-stage startups with a focus on the digital and tech sectors. Here are some of the companies in APX Ventures' portfolio:

  • CHRONEXT: CHRONEXT is a leading platform for luxury watches, offering customers the ability to buy, sell, and trade high-end timepieces. The company has raised over €100 million in funding to date and has offices in Berlin, London, and New York.
  • Skoove: Skoove is an online platform that offers interactive piano lessons for beginners and advanced players. The platform uses artificial intelligence and machine learning to personalize the learning experience for each user. The company has raised over $4 million in funding to date and has users in over 190 countries.
  • Refurbed: Refurbed is an online marketplace for refurbished electronics, offering customers a more sustainable and affordable alternative to buying new devices. The company has raised over €53 million in funding to date and has a presence in several European countries.
  • Caroobi: Caroobi is an online platform that connects car owners with independent mechanics for repairs and maintenance. The platform offers transparent pricing and a convenient booking process, and has raised over €25 million in funding to date.
  • Careship: Careship is a platform that connects elderly people and their families with qualified caregivers. The platform offers a range of services, including in-home care, companionship, and assistance with daily tasks. The company has raised over €13 million in funding to date and operates in several European countries.
References
APX Ventures
Leadership team

Phil Sanderson , Paul Kedrosky, and Ben Narasin (Managing Directors)

Number of Employees
0 - 50
Headquarters
Greater Toronto Area
Established
2017
Social Media