Venture Capital

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TruStage Ventures

TruStage Ventures is the venture capital arm of TruStage, focused on the financial technology sector. Founded in 2016 in Madison, Wisconsin, it invests in...

TruStage Ventures

TruStage Ventures is the venture capital arm of TruStage, focused on the financial technology sector. Founded in 2016 in Madison, Wisconsin, it invests in fintech startups that improve financial services and foster financial inclusion. The firm has made 146 investments, including a Seed VC investment in Flora Fertility on April 07, 2026.

General information

Firm type

Venture Capital

Year founded

2016

Location

Region

North America

Country

United States

City

Madison

Corporate office

Madison, WI, United States

Additional offices

San Francisco, CA · Seattle, WA · Brooklyn, NY · San Carlos, CA

Principals

Sam Das

Managing Director

Sector focus

FinTechInsurTechEnterprise SoftwareDigital HealthAI/MLClimateTech

Frequently asked questions

What is TruStage Ventures' relationship to CUNA Mutual Group?

TruStage Ventures is the dedicated corporate venture capital arm of CUNA Mutual Group, which rebranded to TruStage in 2023. The parent is a mutual insurance and financial services company that serves credit unions and their members. The venture unit was established in 2016 to invest in technologies that align with the credit-union mission of expanding financial access.

Who makes investment decisions at TruStage Ventures?

Sam Das has led the firm as Managing Director since at least 2022 and is the primary decision-maker for investment commitments. He manages a team of investment professionals with prior experience in fintech operating roles and institutional investing.

How does TruStage Ventures source deals?

The firm sources through its network of credit unions, its own industry relationships, and co-investor referrals from traditional institutional VCs. Its multi-city office footprint — including San Francisco, Seattle, and Brooklyn — gives it access to the major US startup hubs, while the Madison headquarters connects it to the credit-union industry's center of gravity.

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