Only two-and-a-half years ago we welcomed Vetri and Ally.io into the Founders’ Co-op family. Today, we’re congratulating them on joining the Microsoft family, where their vision to bring purpose and alignment to the employee experience will continue towards global scale, but now on a radically accelerated timetable. While we’ll miss spending time in the trenches with Ally.io’s fantastic leadership team in this next stage of their growth, Microsoft is and always was the perfect long term partner for them, and we couldn’t be more thrilled for everyone involved.
All startup journeys are different, even the wildly successful ones. In the past couple of weeks we’ve had the opportunity to celebrate an 11-year journey from first check to IPO with Remitly and now this much shorter journey from first check to blockbuster acquisition. To us, both paths feel just as complete. When we partner with founders, we’re backing them and their vision, and the best part of the job as an early stage investor is the moment when that vision grows into something that’s bigger than we or they ever imagined. (That and making our LPs happy, which goes hand-in-hand with these kinds of successes).
When Chris and I first met Vetri, we knew that he was going to build something special. We just didn’t know how quickly he’d do it. Today, Ally.io serves over 1,000 customers and employs over 250 people across multiple continents. And they’re just getting started.
Vetri is a man on fire with the passion to impact and elevate others, delivered through a rare balance of charisma and humility that we look for in every new founder that we meet. Thank you Vetri and Ally.io for selecting us to lead your seed round and inviting us to go on this journey with you. It’s been a privilege, and you’ve made us better investors for the experience.