Intercept Ventures

Intercept Ventures is a venture capital firm founded in 2011 by Andy Sessions and Sam Lee, headquartered in Oakland, California. The firm invests in the next wave of technology leadership through seed and early-stage investments across five focused sectors: fintech, identity, insurtech, security, and wealthtech, along with cloud and mobility. Intercept manages approximately $1 billion in AUM as of 2019, deploying capital through its own balance sheet and special purpose vehicles. Sessions is a SEC-registered investment adviser operating through Intercept Venture Management, LLC, and sits on the board of DailyPay, reflecting the firm's active governance engagement. The firm leads rounds and invests $500,000 to $3 million at seed and Series A stages, with a portfolio of 22 companies. The active portfolio includes DailyPay, an earned wage access platform that achieved unicorn status in 2021; NewRetirement, a wealthtech and retirement planning platform; Coterie Insurance in insurtech; Collective Liquidity in private market liquidity solutions; Smile ID in identity verification for Africa; and Juvo in financial identity for underserved markets. Exited portfolio companies include CrowdStrike, the cybersecurity company that IPO'd and now exceeds a $60 billion market cap; UserTesting, acquired after its IPO; SharesPost, acquired by Forge Global; and Budgeta, acquired by Sage. The most recent notable acquisition was Corlytics by Verdane in April 2024. Intercept Ventures operates at the intersection of financial services and technology infrastructure, backing companies that address fundamental gaps in how financial identity, insurance, and wealth management are delivered. The firm's active board participation and focused sector model give portfolio companies access to domain expertise and commercial introductions within the financial services industry.