We dive deep into our sectors. Our research drives our insights and thesis-driven approach.

A few weeks ago, I put out a post on vertical fintech, and in this post, I will be diving deeper into one specific model within vertical fintech: verticalized payroll. In that previous post, I mentioned the difficulty in leading with fintech rather than workflow because of the commoditized nature of many fintech products. Payroll, in a horizontal sense, could also be seen as a commodity offering, but it is a product offering that is embedded within the HR workflow stack and, when applied in a single vertical, is not a commodity given the nuances that must be taken into account for specific markets.

Markets over the past 18 months have resoundingly demonstrated that building lasting value is not just about posting strong revenue growth. This is broadly true, but it may hold especially true of the insurance sector — a space that, before the VC run-up over the last decade, was hardly synonymous with rapid tech-enabled growth.

The climate industry has been a rollercoaster across the last two decades. After a dormant innovation environment for the industry, we’ve seen a record amount of capital raised by private investors and deployed into ClimateTech startups in the last three years.

In our 2023 Research POV, we highlighted our focus on “going global” with our climate practice. In this post, we’d like to share more context on what we believe is one of the biggest opportunities in climate tech: the energy transition in emerging markets.

In our 2023 Research POV, we highlighted our focus on “going global” with our climate practice. In this post, we’d like to share more context on what we believe is one of the biggest opportunities in climate tech: the energy transition in emerging markets.