Clocktower Ventures

Today, I'm excited to announce that Nuvocargo has acquired Mentum, a YC-backed startup building AI agents that automate procurement and supply chain workflows. We're excited to partner with Gus Trigos, Mentum's awesome founder/CEO - to accelerate our AI agents roadmap inside NuvoOS and to keep adding AI native and Y Combinator founder DNA to our R&D team. Thank you Noi Mahoney from FreightWaves for the exclusive coverage here: https://lnkd.in/eSwNrVjb You can also read more on why we partnered with Gus and Mentum on our company's blog (below). Onwards & upwards!

Thrilled to share that Momento has raised a $10M Series A to keep reinventing auto insurance in Mexico! Just four years ago, we moved to Mexico to take on one of the country’s largest and most regulated industries. Since then, we’ve secured the fastest license approval on record, surpassed 10,000 active customers, partnered with 450+ agents and brokers, built Mexico’s #1-rated insurance app and experience (4.9/5), and assembled one of LatAm’s best teams — all while leading AI adoption in underwriting, fraud, and claims, becoming one of the few neoinsurers consistently beating the market on loss ratio. And we’re only getting started. This fresh capital will help us scaling geographically across Mexico, while we keep compounding our data and product advantage. We’re very excited to welcome Hedosophia and American Family Ventures to the journey, and grateful for the continued trust of Foundation Capital, Y Combinator, Hudson Structured Capital Management Ltd., and Clocktower Ventures. And above all, thank you to our team, who continue to do whatever it takes — and more. From here on, we won’t settle for anything short of absolute success. Por la industria 🥂 León Bartolomé Carreño, Andrés Guerrero Álvarez and the whole Momento team! John Lynch, CJ Armbrust, Rodolfo Gonzalez, Adrian Jones, Vikas Singhal, Adriana Saman, Ben Savage Thank you Ryan Lawler and Axios for breaking the news: https://lnkd.in/eNVGCugb

Today, we're thrilled to announce that Melio has agreed to be acquired by Xero 🚀 This exciting news means we're set to supercharge our mission to simplify payments and empower small businesses and their advisors. It's a significant milestone not just for us, but for the future of business payments! Together, Xero and Melio will solve a critical US customer need, combining accounting and payments seamlessly in a single integrated platform so we can build the future of accounting and payments for SMBs in the US. This will accelerate our innovation and create an even more seamless experience for small businesses and their advisors. With Xero’s scale and deep accounting expertise, we’ll be able to accelerate innovation to build the most powerful accounts payable and receivable platform for small businesses in the U.S., giving you the tools to stay ahead in a fast-changing financial landscape. Melio.com will also continue to serve all US businesses regardless of their accounting software. We remain deeply committed to our customers, partners, and to helping business owners save time, reduce manual work, and improve their cash flow. This milestone is a true testament to the incredible talent and relentless passion of the Melio team. What an amazing journey so far, and we're just getting started! Read more about this news here 👇 https://lnkd.in/dyT_BJ6x

It’s official—$CHYM is live on Nasdaq! This is a milestone—yes. But more than that, it’s a massive moment for Chime—and every Chimer who made this happen. Years of grit, belief, and heart brought us here. We’ve always said real progress is a team effort, and today proves it. From our 1% equity pledge to the Chime Scholars Foundation, to the members at the heart of everything we do, we’re proud to build with and for the people who matter most. To every Chimer, past and present: Thank you. This moment is yours, too. Let’s keep building. Let’s keep unlocking progress—together. 💚 #CHYM #ChimeIPO #FinancialProgress Photo credit: Nasdaq, Vanja Savic