Banana Capital

Banana Capital is a venture capital firm based in Ann Arbor, Michigan, that invests globally across various sectors, from pre-seed to pre-IPO stages. The firm typically commits between $25,000 and $300,000 in its initial investments and is open to participating as a founder's first investor, as well as engaging in later-stage funding opportunities. Banana Capital aims to make 35 to 40 investments, with a particular focus on sectors such as Information Technology and the Internet of Things. Through its strategic investments, Banana Capital seeks to support innovative companies in their growth journey.

Turner Novak

Investor

24 past transactions

Candor

Seed Round in 2022
Candor is a professional network focused on how people work, showing how someone is in Slack, whether they’re a morning person or night owl, and how they like to get feedback.

Umba

Series A in 2022
Umba is an African digital bank, offering free bank accounts and financial services to our customers. We provide an ecosystem of connected financial services that allows the customer complete control of their finances all in one App.

GOALS

Seed Round in 2022
Goals is a provider of an online football game that focuses on creating a multiplayer experience primarily for PC and console users. The platform allows gamers to connect digitally, fostering a sense of community within the gaming environment. By incorporating elements of esports, Goals enables players to engage with football in a unique way, bridging the gap between real-world experiences and digital interactions. Additionally, the game offers players the opportunity to own in-game digital assets as they participate, enhancing the overall gaming experience.

Compound

Series B in 2022
Compound Financial, Inc. specializes in wealth management services for startup employees, assisting them in understanding the implications of their stock options. Founded in 2019 and based in San Francisco, the company offers tools that help clients forecast the potential value of their equity over time while also addressing optimization strategies related to taxes. Despite being a relatively new entrant in the market, Compound has quickly garnered a customer base of 200 startup employees, reflecting its growing relevance in the financial services sector.

Mio App

Series A in 2022
Mio App is a community application for groups of friends, colleagues, neighbors, to buy together fresh items imported directly from farmers and gardeners, ensuring the best price for everyone.

Kilo

Seed Round in 2021
Kilo develops a retail platform that provides retailers access to price, assortment, and inventory management. The platform is designed specifically to serve small and medium-sized retailers. The Kilo network effect creates a virtuous growth cycle for both supply and demand.

JOKR

Series B in 2021
JOKR is a grocery and delivery platform that provides hyper-local product delivery services. The company offers customers delivery of an assortment of grocery and retail items to their doorstep in less than 15 minutes. It aims to democratize retail by bringing together global suppliers' all-time favorite products and local brands to support the small businesses in every neighborhood while minimizing waste. JOKR currently operates hubs in cities including New York, São Paolo, Mexico City, Bogota, Lima, Warsaw, and Vienna. It was headquartered in New York, New York in 2021.

Flox

Seed Round in 2021
Flox is an app to help friend groups meet each other.

KitaBeli

Series A in 2021
KitaBeli is a startup that sells daily essentials, fast-moving consumer goods (FMCG), and other household items.

VINN Automotive Technologies

Venture Round in 2021
Working at the intersection of technology and automotive retail, VINN aims to revolutionize the automotive retail model by connecting buyers and dealerships through an online platform.

Mindset Health

Seed Round in 2021
Mindset Health Pty Ltd is a digital therapeutics company based in Melbourne, Australia, founded in 2017. The company develops an application designed to enhance mental health through psychotherapy and hypnotherapy. Its services focus on managing chronic health conditions such as irritable bowel syndrome and anxiety, while also addressing issues like depression, sleep quality, and stress reduction. The application employs techniques aimed at creating neural changes in the brain and offers tools to complement cognitive behavioral therapy, enabling users to improve their overall mental well-being without the need for significant lifestyle changes.

SoleSavy

Series A in 2021
SoleSavy is building the next generation of paid communities and marketplace. Our mission is to make collecting sneakers accessible and bring like-minded communities together.

SoleSavy

Series A in 2021
SoleSavy is building the next generation of paid communities and marketplace. Our mission is to make collecting sneakers accessible and bring like-minded communities together.

Facily

Series C in 2021
Facily is a social commerce marketplace in Latin America. The platform focuses on low-ticket items, delivering great prices and differentiated logistics to lower income neighbourhoods, leveraging learnings from China. Facily offers a unique experience by bringing the opportunity to buy together with friends directly from producers and manufacturers, having fun playing with freemium features. Facily also promotes community buying by leveraging local leaders and influencers.

Arrive Recommerce

Seed Round in 2021
Arrive Outdoors offers a premium rental service for consumers, brands, and retailers. Our Rental-as-a-Service technology and reverse logistics gives brands and retailers the ability to integrate rental directly into an existing ecommerce experience. With our unique model, Arrive Outdoors makes it possible for any company to seamlessly launch a rental channel - ultimately reaching more consumers, driving more revenue, and promoting a more sustainable solution. Arrive Outdoors also supports partners like outdoor companies, organizations, nonprofits, park systems and resorts to provide an 11 star outdoor experience for all. Arrive Outdoors was awarded the 2019 Outdoor Retailer of the Year by the Outdoor Retailer Association for our innovative model.

KitaBeli

Series A in 2021
KitaBeli is a startup that sells daily essentials, fast-moving consumer goods (FMCG), and other household items.

Secureframe

Series A in 2021
Secureframe is a compliance automation platform designed to assist organizations in achieving and maintaining compliance with security and privacy standards, specifically SOC 2 and ISO 27001. Founded in 2020 by Shrav Mehta and Natasja Nielsen, the company is headquartered in San Francisco, California. Secureframe's software streamlines the compliance process by offering automated audits and continuous monitoring, ensuring that service providers effectively manage data to protect both organizational interests and client privacy. This platform enables companies worldwide to navigate the complexities of compliance, thereby enhancing their security posture and maintaining adherence to critical global standards.

Bottomless

Series A in 2021
Bottomless is a company that has developed a WiFi-enabled scale designed to enhance the coffee subscription experience. This innovative scale allows users to track their coffee consumption and automatically reorder freshly roasted beans when supplies run low. By syncing with the scale, consumers can specify their preferences, enabling the platform to learn individual caffeine habits and provide personalized coffee selections. This approach ensures that customers receive fresh coffee at optimal times, avoiding the stale offerings typically associated with traditional coffee purchases.

Canvas

Seed Round in 2020
Canvas makes data teams spend less time on SQL favors and dashboard maintenance.
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