# Montage Ventures

Montage Ventures is a Venture Capital based in Menlo Park, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Menlo Park, United States
- **Region:** North America
- **Address:** Menlo Park, CA, United States
- **Assets under management:** Undisclosed
- **Website:** www.montageventures.com
- **LinkedIn:** https://www.linkedin.com/company/montage-ventures

## Regulatory record

- **CRD number:** 169560
- **SEC file number:** 802-132564
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/169560

## About

Early stage VC backing technical founders innovating across core sectors of our economy: Fintech, Commerce, & Healthcare | Founded in 2013, Montage Ventures is an early stage venture capital firm. We back ambitious founders that improve the lives of consumers across fintech, commerce, and healthcare categories. We work for founders, partnering with them to unlock the next level of success.

## Sectors

- FinTech
- Healthcare Services
- Commerce
- AI/ML

## People

- Todd Kimmel — Managing Partner
- Matt Murphy — General Partner
- Daphne Che — Principal
- Connie Wang — Vice President
- Nia Patel — Vice President
- Matthildur Árnadóttir — Associate

## Questions

### Who runs investment decisions at Montage Ventures?

Managing Partner Todd Kimmel and General Partner Matt Murphy lead the investment team. Kimmel, a repeat founder, and Murphy, a former operator at Chegg and E*TRADE, make partnership-level decisions alongside a lean bench of principals and vice presidents. The firm's public posture emphasizes a collaborative, founder-sympathetic process, with portfolio companies describing Kimmel and Murphy as active, hands-on partners.

### What investment stages does Montage Ventures typically target?

Montage characterizes itself as investing at "early stage," specifically start-up and seed rounds, with potential for follow-on into growth. Its portfolio companies, such as Equi and Fermat, have described Montage as the first institutional investor and as a participant in seed extension rounds. The firm looks for founding teams at what it calls "the genesis of tomorrow."

### Which sectors does Montage Ventures explicitly avoid?

By design, Montage Ventures filters out any opportunity outside financial services, healthcare, and commerce technology. The firm's public thesis states these three pillars represent over half of US GDP, and it believes AI's convergent impact will be most profound within them. Sectors like pure enterprise SaaS without a commerce or health angle, hardware, or consumer social platforms unconnected to its core themes fall outside the mandate.

### Does Montage Ventures participate in fund commitments or only direct deals?

Publicly available information describes Montage as a direct investor making seed and start-up stage equity investments. There is no disclosed track record of fund-of-fund commitments or co-investment alongside other GPs in SPVs. The firm's model revolves around building concentrated, relationship-driven positions, often as a first or founding investor.

## Related profiles

- [Montage Partners](https://altss.com/profile/montage-partners)
- [Montague Street Private Partners](https://altss.com/profile/montague-street-private-partners)

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Last updated: 2026-06-03T20:00:00.000Z

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