Jessica Jackley Joins SparkLabs Global Ventures as General Partner
Jessica Jackley, co-founder of nonprofit microlending platform Kiva, has taken on a new role as general partner at SparkLabs Global Ventures. In this position, she will focus on seed-stage investments in the United States, Asia, and Europe.
Background and Experience
Jackley’s experience in social issues and finance will undoubtedly carry over to her investments at SparkLabs Global Ventures. She was previously a venture partner at the firm, where she gained valuable insight into the startup ecosystem. Her role as chief impact officer at Aspiration, an online financial services firm that allows customers to open bank accounts with a ‘sustainability score’ based on the environmental impact of the companies they spend money at, has also given her expertise in fintech and sustainability-related startups.
Why SparkLabs Global Ventures?
In an email interview with TechCrunch, Jackley revealed why she chose to join SparkLabs Global Ventures as general partner. "I was interested in joining a truly global fund; SparkLabs really does have a far-reaching presence, while maintaining a strong U.S. focus, too," she said.
Investment Focus
Jackley’s experience and expertise will undoubtedly shape her investment strategy at SparkLabs Global Ventures. She expressed her interest in fintech startups that focus on digital platforms and virtual payment options, particularly in the wake of the COVID-19 pandemic. "I’m intentionally casting a broad net," she said, "but I am eager to look at investments in Asia because recovery from the COVID-19 pandemic is happening more quickly there."
Additional Interests
Jackley’s interests extend beyond fintech and sustainability-related startups. She also expressed her enthusiasm for online education, citing her own experiences as a parent during the pandemic. "Of course biotech is more interesting to me now," she said, "but as a parent of four, trying to homeschool while working full time at home has made me quickly develop a deep love/hate relationship with several ed-tech platforms."
SparkLabs Global Ventures’ Reaction
In a statement, SparkLabs Global Ventures co-founder and general partner Bernard Moon praised Jackley’s passion for entrepreneurship, innovation, and social impact. "Getting to know Jessica over the past few years has been inspiring," he said. "Her passion for entrepreneurship, innovation and how it can positively impact people’s lives is the driver that led us to give her a leadership role with SparkLabs Global Ventures, especially as we enter a post-COVID-19 world."
The Future of Venture Capital
Jackley’s appointment at SparkLabs Global Ventures marks an exciting development in the venture capital landscape. As the industry continues to evolve and adapt to changing market conditions, Jackley’s expertise and experience will undoubtedly play a crucial role in shaping the firm’s investment strategy.
Asia’s Recovery from COVID-19
The COVID-19 pandemic has had far-reaching consequences for economies around the world. However, Asia’s recovery is happening more quickly than expected. Jackley’s interest in investing in Asian startups reflects this trend and highlights the region’s potential for growth and innovation.
Fintech’s Future
The fintech industry has experienced significant growth in recent years, driven by advances in technology and changing consumer behavior. Jackley’s focus on fintech startups that focus on digital platforms and virtual payment options reflects her confidence in the sector’s long-term prospects.
Online Education
Jackley’s interest in online education is a timely development, given the shift towards remote learning during the pandemic. As the industry continues to evolve, it will be fascinating to see how ed-tech platforms adapt to meet changing consumer needs.
Conclusion
Jessica Jackley’s appointment as general partner at SparkLabs Global Ventures marks an exciting development in the venture capital landscape. With her expertise and experience in social issues and finance, she is well-positioned to shape the firm’s investment strategy and drive growth in key sectors such as fintech and sustainability-related startups.
About the Author
Catherine Shu is a senior reporter at TechCrunch, covering startups in Asia and breaking news. She has a deep understanding of the venture capital landscape and has written extensively on topics related to innovation, technology, and entrepreneurship.
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