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CJ Reim shared thisAs agents proliferate, value will migrate to the coordination layer. Keep your eyes on Henry Gasztowtt Eddie Zhang and the team at Isara Labs https://lnkd.in/g6NsVg-BExclusive | OpenAI Backs New AI Startup Seeking Bot Army BreakthroughsExclusive | OpenAI Backs New AI Startup Seeking Bot Army Breakthroughs
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CJ Reim shared thisBorderless.xyz Benchmark brings a much needed standard for stablecoin-fiat transparency—leveraging real-time data from global ramps to drive precision and trust // Kevin LehtiniittyCJ Reim shared this"Are stablecoins cheaper than our fiat network?" That's the question we keep hearing over and over again when we talk to large fintechs and payments companies. Intuitively, the answer is both yes and no. In corridors like US to EU, settlement is already same-day and FX spreads are incredibly tight, however, in corridors like South Africa to Brazil, the speed of stablecoins and the reduced refunding requirements in volatile currencies make a lot of financial sense. So how do you figure it where it makes sense? Unlike traditional markets where you can pull up a natural index for rates like Bloomberg, in stablecoins the liquidity is highly fragmented with different on/offramp providers charging vastly different spreads. I'm really excited to bring together a handful of our partners on the Borderless Network to create the first stablecoin <> fiat FX benchmark and make it available for free to everyone building on the stablecoin economy! This is still super early and only tapping into about ~10% of the data from the network. Over the coming months, we'll be rolling out more data from the network, more features, and new connectivity to enable more token and currency pairs. If this aligns with what you’re seeing or gets you excited, quick ask: please contribute feedback, and share this with builders who can help make the Benchmark stronger and more representative. Learn more about the methodology we're using and most importantly, click through the data! Check it out here: https://lnkd.in/gQ9KDJDR
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CJ Reim shared thisThrilled to welcome Andy Ravreby back to Amity. He’s been part of our story from the beginning and will be a huge part of where we go next.CJ Reim shared thisThrilled to share that I’ve rejoined Amity Ventures as a Partner. After spending the last five years helping scale companies from seed to late-stage growth, I’ve seen firsthand how much opportunity exists for founders to rethink the foundations of entire industries amid one of the biggest platform shifts in decades. The energy in the ecosystem and pace of company-building is unlike anything I’ve seen, and I’m convinced the companies that will define the next decade are being formed right now. At Amity, we lead rounds from the very beginning - backing founders building category-defining companies. We’ve built the firm around depth over breadth: doing fewer investments each year so we can go deep, work closely, and be true partners for the journey. Grateful to be alongside CJ Reim, Patrick Yang, Peter Bell, and Andy Bromberg - an exceptional team that’s proven you can still practice early-stage venture the right way. If you’re working on something ambitious, I’d love to connect.
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CJ Reim shared thisSometimes the most transformative companies operate behind the scenes. MaintainX has quietly become the digital backbone of frontline operations for over eleven thousand organizations. From Seed to today, it's been a privilege to watch you turn your passion for empowering frontline workers into an AI powerhouse! Huge congrats to Chris Turlica, Hugo Dozois-Caouette & the incredible team at MaintainX on the Series D and here's to the journey ahead 🙌 Byron Deeter Merritt Hummer David Hornik Peter Yared Sam Bondy Nick Haase Rochelle Scott, CPA Erich Ziegler John Jorgensen Justin Turner Chris MattonCJ Reim shared thisToday we announced a $150M funding round at MaintainX, but what excites me most isn't the funding itself. It's what this enables for our customers who trust us with their most critical operations. Every day, I hear the same challenges: experienced technicians retiring faster than new ones can be trained, equipment failures costing billions annually, and external pressures squeezing margins. Meanwhile, decades of institutional knowledge walks out the door. Our customers are proving there's a better way. They're not just fixing problems faster, they're preventing them while transforming how they onboard new technicians. We're building toward a future where AI amplifies human expertise instead of replacing it. Where maintenance and reliability transforms from a cost center into a competitive advantage. Where every frontline professional becomes the knowledge worker they've always been. With this funding, we're doubling down on AI capabilities that help our customers reduce unplanned downtime and cut maintenance costs. But the real impact? Preserving irreplaceable knowledge, accelerating learning, and creating opportunities for the next generation of maintenance, repair & operations professionals. To our customers who've trusted us with their operations, this is for you! Read more here: https://lnkd.in/ev5Yzwhv #Maintenance #AI #IndustrialOperations #CMMS #EAM
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CJ Reim reposted thisCJ Reim reposted thisFun news! Josh Archer and I are announcing our $15M Series A led by Inspired Capital! Thank you to Forbes for covering our story. I started Arketa because while I was teaching yoga and working at the studio, we wasted hours using outdated software instead of focusing on what mattered - our students and community. And I watched my friends say “I can’t open my own studio because it’s too hard”. Selfishly, I wanted it to be easier. I wanted us to rule the world. The people in wellness, who dedicate their lives to serving others, deserve better tools. Today, thousands of studios rely on Arketa, and we’ve processed nearly $500M in transactions. The wellness industry is booming, expected to reach $80B by 2029, and studio owners need tools that can keep up. But it’s not just about the numbers… what drives me most is getting that text from a new owner saying, “clients are obsessed with my new branded app!” or seeing someone launch profitably for the first time. That’s when I know we’re making a real difference. To every studio owner, instructor, team member and investor who’s bet on us early: thank you. You’ve helped shape Arketa into what it is today. We wouldn’t be here without you. Michael Seibel Patrick Yang Haley Barna Emery Rosansky Amy Fu First Round Capital Y Combinator What’s next? We’re investing deeply in AI to help studios run smarter and faster—automating admin, boosting revenue, and giving owners back their time. We’re also doubling down on what matters most: fast, human support and industry experts owners can count on. We’re thrilled to be working with Lucy Deland, Chris Brown and Alexa von Tobel at Inspired Capital who align with our vision so deeply. We're building the modern OS for every wellness business, and this is just the beginning. P.S. We’re hiring - if you know anyone great, please send them our way! https://lnkd.in/dVgq4Ty4 https://lnkd.in/diXuvPr5Arketa Raises $15 Million To Power The Next Trip To Your Yoga ClassArketa Raises $15 Million To Power The Next Trip To Your Yoga Class
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CJ Reim shared thisKevin Lehtiniitty is the embodiment of an asymmetric founder building in a massive market. With experience as technical lead scaling both Prime Trust and Fortress, Kevin is now in the driver's seat tackling global payments infrastructure with Borderless.xyz The market is massive, ripe for disruption, yet incredibly challenging, which is why we were so excited to invest in this team of operators on the cutting edge of stablecoin, RWA, and broader fintech innovationCJ Reim shared thisAmity Ventures leads $3 million pre-seed round for Borderless.xyz https://lnkd.in/dEjX5VgzAmity Ventures leads $3 million pre-seed round for Borderless.xyzAmity Ventures leads $3 million pre-seed round for Borderless.xyz
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CJ Reim shared thisIn ten years, we might look back at the AI companies of 2022 as ahead of the curve. But Jerry Ting, Amine A., and Jake Sussman started Evisort back in 2017, long before AI’s full potential was recognized by the broader market. Huge congratulations to the team on the acquisition by Workday. It’s been a privilege to have a front-row seat as Evisort grew from idea to product, to growth, and now this major milestone. We at Amity are deeply grateful for the opportunity to have partnered with you early on, and are looking forward to seeing the next chapter unfold with Workday.CJ Reim shared thisI’m thrilled to share that Evisort has entered into a definitive agreement to be acquired by Workday! We've worked closely with Workday over the years, with the company being a long-term customer. With their tremendous leadership in enterprise software, we’re excited to continue to build on our vision to bring AI to business documents. I want to thank our employees, customers, partners, and investors for believing in Evisort over all of these years. It’s great that after our 8 year journey, Evisort will be joining Workday, which is headquartered just 15 minutes from where I grew up. It just feels right, and we’re excited to keep innovating with Workday. When we started Evisort, we did not know for certain that AI was going to become one of the biggest technology developments of our lifetime. We did know that we did not like reading contracts and business documents. It has been the ride of my lifetime to see what we’ve been able to accomplish. Today, Evisort is used by many of the most respected companies in the world. With Workday, our leadership will only continue to grow and so will the value we can provide to customers. Particularly important to me is that all of the early founding team is still here and will continue to build with me at Workday. Thank you to my co-founders, Amine A., Jake Sussman, and founding teammates Xin Li, Memme Onwudiwe, Riley Hawkins, and Elie Wahnoun for being on this incredible journey with me. You have taught me how to be a leader and learned the entrepreneurial journey with me. Looking forward, Workday is an amazing company with over 10,500 customers, including 60% of the Fortune 500. This year, Workday also joined the Fortune 500. Workday’s core values are much aligned with ours —focusing on employees, innovation, and customer service. With their investment in AI, I couldn’t be more excited about what we will be able to accomplish together. For all of us at Evisort, this marks the beginning of an exciting new chapter. We’ll be joining a team that shares our values and passion for innovation and delivering real business success for our customers. I’m excited about what the future holds and look forward to continuing this journey with all of you. Thank you again for your trust, hard work, and partnership. The best is yet to come. For more details, check out the official announcement here: https://lnkd.in/gAqwjssw #Evisort #Workday #AI #Leadership #Growth #client-cambridge-innovation #WDAYRisingWorkday Signs Definitive Agreement to Acquire EvisortWorkday Signs Definitive Agreement to Acquire Evisort
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CJ Reim shared thisThank you for having Salil Deshpande & I Jake Zeller. It's an incredible time to start and build companies 💪CJ Reim shared thisGreat session at AngelList with Salil Deshpande (twelve-time Midas List VC) and CJ Reim (100th percentile performance per AngelList data) on playing offense in the current market environment. https://lnkd.in/d-2iC-BZDeploying capital: Is it time to go back on offense? | AngelList Confidential 2023Deploying capital: Is it time to go back on offense? | AngelList Confidential 2023
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CJ Reim reposted thisCJ Reim reposted thisAt the annual meeting for Amity Ventures earlier this fall Bruce Dunlevie, one of the founders of Benchmark Capital, in a fireside chat with CJ Reim shared the following insights on early-stage venture: · Benchmark's Fund 1 was an 80x+ multiple outcome · Early-stage venture is not an activity business, you don't get paid for doing the most deals, you get paid for doing the right ones · Early-stage venture is a direct sales business, not a marketing business · Dealflow (from marketing) can be distracting because it can deter you from finding the right thing since you are reacting to a torrent of inbound, which is often lower yield · As a VC you are known by your portfolio over a long period of time, but that will get you a chance at the deal, what wins the deal is who you are and what you have to say, which is a sales and not a marketing phenomenon · If you want to maximize MOIC, you can't raise a large fund, you stay small · So many of the enormous returns in venture are one-offs, things that are out of favor for a long period of time but finally emerge before everybody decides it's the gold dust opportunity · Early-stage venture is finding those 2-5 entrepreneurs every year who are great and that are going to make you a star, it's not a business that you can make efficient · Tech is the only place in the world where you can experience financial alchemy, where you take something very small and turn it into something very, very large · Founders that have a chip on their shoulder, have something to prove, have the desire and the urge to build something 90 hours a week for 10 years is fundamental . . . generally well-rounded people don't have that drive · You can't have strategy in the venture business, you allocate your time on the flow of entrepreneurs who are really smart because they will tell you where the future is going to be · As a VC you can't sit at your desk waiting for deals, you won't be at the cutting edge, you go out in the field all the time meeting with hundreds of entrepreneurs · Also try to keep your thinking supple enough to not be dismissive of stupid ideas, many stupid ideas in the past turned into trillion dollar companies
CJ Reim commented on a post
5mo
Awesome event Kevin Lehtiniitty!
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9mo
Excited to have the firepower of Brian Rowen, Andrew M. Spellman and the Fifth Down Capital team onboard to help Chris Turlica and the MaintainX team scale into our next chapter 💪
CJ Reim commented on a post
9mo
"the customers are all on trials? they aren't paying yet? they're all different ICPs? cohorts too young for churn or upsell data? let's do this!" // Chris Turlica Hugo Dozois-Caouette
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CJ Reim liked thisCJ Reim liked thisI love Obsidian, but I hate pasting my notes into Google Docs to share & collaborate with others. So I built a plugin called Collaborative Folders that enables real-time, e2e encrypted, multiplayer editing inside your local Obsidian app. Check out https://lnkd.in/gAnt4zZV if you're an Obsidian user! You can use the hosted service or deploy your own server. All MIT-licensed. Huge gratitude to the Obsidian team for building such a great & principled product — happy to contribute something back! More color and link to source code: https://lnkd.in/gxNBkHRe Note: beta product, use with caution and always back up your vault!
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CJ Reim liked thisCJ Reim liked thisSad to see the layoffs at Block / Square this week. I was at Square over a decade ago, and I can say without hesitation that the people I worked with there were some of the sharpest folks I've ever worked with in my career. That talent doesn't disappear with a layoff. If you were impacted and are thinking about what's next, whether that's an early-stage startup, a later-stage company, or you just want to talk it through, I'm happy to be a resource. I spend my days working with founders and startups across the ecosystem and have a good sense of who's hiring and where the most interesting opportunities are right now. Drop me a note here or at andy@amity.vc 🔳❤️
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CJ Reim reacted on thisCJ Reim reacted on thisToday we hosted our first Vets To Tech coffee huddle at Perfect Venue. The conversation centered on something many veterans experience but do not always talk about openly: what it actually feels like to transition from military life into a tech startup. The new stressors. The new acronyms (Customer relationship management, not composite risk management). The new tools. In the military, expectations are clear and hierarchy is defined. In a startup, ambiguity is constant and roles evolve quickly. There is no fixed playbook, just a mission and a small team building something from the ground up. What stood out most is how transferable the core traits are. At Perfect Venue, we look for work ethic, coachability, and adaptability in our team members. Veterans have those qualities in spades. They take ownership without being asked. They seek feedback and implement it. They stay steady when priorities shift overnight. They understand mission focus and how to build trust inside a team. We are very fortunate to have world class vets on our team like Dakota, Sean, Joshua, and Eric. Kyle E. - thanks for the intros with Sitreps 2 Steercos! I am also incredibly grateful for the investors and advisors who were willing to take a bet on me despite having never worked at a company before. Thanks Eric Bahn for writing the first check, CJ Reim, Andrew Munday, Stanley Tang, Tim Hsia, Paul Madera, Gary Griffiths. If you are a veteran curious about tech, or a founder looking to build a resilient team, let’s connect. We have many open roles!
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CJ Reim liked thisSuch a great conversation with CJ Reim (Amity Ventures), Mike Giampapa (Galaxy), and Evi M. (Flourish Ventures). Thank you Kevin Lehtiniitty and the Borderless.xyz team for hosting a great event. If you’re building a Stablecoin business and prioritizing compliance and risk management I’d love to chat!CJ Reim liked thisThis week, Adams Conrad took the stage at Borderless.xyz's Stablecoin Day event hosted at The Venetian Resort in Vegas. During the panel, Why VCs Bet on Stablecoin Adoption, Adams joined the stage with managing partner at Amity Ventures CJ Reim, general partner at Galaxy Mike Giampapa and investors at Flourish Ventures Evi M. to discuss the current landscape and market activity, key friction and adoption barriers and give a look into the path ahead. Thanks to Borderless.xyz for inviting Adams to join the conversation.
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CJ Reim liked thisCJ Reim liked this"Are stablecoins cheaper than our fiat network?" That's the question we keep hearing over and over again when we talk to large fintechs and payments companies. Intuitively, the answer is both yes and no. In corridors like US to EU, settlement is already same-day and FX spreads are incredibly tight, however, in corridors like South Africa to Brazil, the speed of stablecoins and the reduced refunding requirements in volatile currencies make a lot of financial sense. So how do you figure it where it makes sense? Unlike traditional markets where you can pull up a natural index for rates like Bloomberg, in stablecoins the liquidity is highly fragmented with different on/offramp providers charging vastly different spreads. I'm really excited to bring together a handful of our partners on the Borderless Network to create the first stablecoin <> fiat FX benchmark and make it available for free to everyone building on the stablecoin economy! This is still super early and only tapping into about ~10% of the data from the network. Over the coming months, we'll be rolling out more data from the network, more features, and new connectivity to enable more token and currency pairs. If this aligns with what you’re seeing or gets you excited, quick ask: please contribute feedback, and share this with builders who can help make the Benchmark stronger and more representative. Learn more about the methodology we're using and most importantly, click through the data! Check it out here: https://lnkd.in/gQ9KDJDR
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CJ Reim liked thisPleased to announce that we’ve fully deployed The JEDI Fund in under four years, a milestone of disciplined sourcing and diligence, and a deep fiduciary commitment to our LPs who placed their trust in us. A privilege to work with the exceptional Kamco Invest team, especially Dalal AlShaya, CFA whose dedication and professionalism were crucial every step of the way. Appreciative of the trust Kuwait Projects Company (Holding) - KIPCO and excited for what’s next…because the best time to invest is always now! Fortes fortuna adiuvat⚡️CJ Reim liked thisClosed and almost fully deployed, the 'JEDI Fund' continues to demonstrate its strong performance with a capital of USD45mn. The Fund is a unique institutional-grade investment platform connecting GCC investors with the world’s top international tech opportunities. Through a disciplined, data-driven, and relationship-anchored hybrid model, the Fund demonstrated how a Kuwait-based platform can operate with the same sophistication, precision, and reach as its US peers. The Fund managed to outperform many of its 2022-vintage global peers by delivering a 1.3x Gross MOIC (Gross multiple on invested capital). It first recognized the potential of Mercury, recently valued at USD3.5bn, through its 3.0 fund portfolio before increasing its position via secondaries and a tender offer, building it into one of the largest investments in the Fund. A similar conviction-based approach was applied to MaintainX, which the Fund initially backed in its early stages before investing an additional follow-on check. Additionally, the Fund leveraged its early exposure through emerging managers to secure a direct position in Kepler, alongside Addition, GlobalFoundries, Temasek, Intel and others. The Fund also secured a meaningful stake in Deel as well through secondary access despite the company being closed to new investors. Dalal AlShaya, CFA, Director of Private Equity, said “The strength of the JEDI Fund’s model is best reflected in its direct investment program. This is where we managed to strategically identify breakout companies sourced through the Fund’s underlying managers and gained access to opportunities typically reserved for larger institutional investors.” Fahad AlSharekh, CEO of Techinvest and the Investment Advisor of The JEDI Fund, commented, “The Fund has demonstrated that competitiveness is defined by capability and conviction rather than geography. What began as a Kuwait-based initiative has evolved into a regional platform investing alongside leading global funds in Silicon Valley and beyond." Read more: https://lnkd.in/d7DHrhkhKamco Invest redefines global tech investing from Kuwait, innovative strategy and competitive performanceKamco Invest redefines global tech investing from Kuwait, innovative strategy and competitive performance
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