Merritt Hummer

Merritt Hummer invests in ambitious growth-stage founders building the next generation of global fintech, proptech, and e-commerce platforms, in particular B2B marketplaces.

Partner
New York

Portfolio Highlights

About Merritt

I love to roll up my sleeves and get involved at the growth stage to help founders transition their startups into billion-dollar global brands. I led BCV’s investments in Ankorstore, Socure, Pleo, Material Bank, Properly, and SmartRent,and worked on investments in ReCharge Payments, Mirakl, GoCardless, Finix, and Ribbon. 

 

What is the first company you invested in? Do you have any anecdotes from when you first began working together?

SmartRent. The company had been in business all of nine months when we went to visit the team in Arizona. Their office doubled as a warehouse: smart locks, leak sensors, and smart thermostats were piled from  floor to  ceiling in every room. SmartRent had become one of the country’s largest importers of smart home devices in less than one year. That’s when we knew they had great product-market fit!


What inspires you?

I love working with teams and founders that are hitting an inflection point in their company’s growth.


Do you have an investment ethos?

A core pillar of my investing philosophy is that great founders and great companies are born everywhere. I believe you don’t have to be native to Silicon Valley or a Stanford dropout to build a world-changing company. I am drawn to founders who don’t fit stereotypes and I don’t mind jumping on a plane (or Zoom!) to meet them wherever they are.

 

What is compelling about your domain?

I spend all of my time on fintech, proptech, and commerce, particularly B2B marketplaces. Each of these domains is compelling for a different reason! Fintech for its incredible pace of innovation. Proptech for its tangible impact on the physical world. B2B marketplaces for the diverse array of founders across countries and verticals united by a common desire to bring trillions of dollars of B2B commerce online.

 

What are your interests and passions outside of BCV?

I love spending time with my family, traveling to new places (at least pre-COVID when that was a thing to do!), hiking, reading biographies, and cooking.

 

What advice would you give your younger self?

Go to bed! There was a time in college when I became fully nocturnal. One of my friends started calling me a bat.

 

What is a self-care ritual you practice?

When I have time, nail art is a guilty pleasure!

Background

4 years
2 years
2 years
2 years
2 years
4 years

Insights

Why We Invested In Fidel API: Building The Next Foundational Platform For Fintech Applications

By Merritt Hummer, Partner at Bain Capital Ventures 2021 was a banner year for fintech: global funding to fintech companies hit an all-time high of $132 billion and the sector produced more than a dozen IPOs not including SPACs. The aggregate market cap of public fintech companies exceeds $600 billion. Just a handful of years ago, there […]

Merritt Hummer 5 min read
Spotlight Fintech

It’s A Wrap! BCV’s Inaugural B2B Marketplace Founder Summit

B2B marketplace founders discussed key trends such as B2B BNPL, the vertical integration of marketplaces, and the promise of emerging markets Global B2B e-commerce generates tens of trillions in transaction volume annually, but amazingly, B2B e-commerce penetration is still in its infancy. The vast majority of B2B transactions still occur offline. Yet there is evidence […]

Merritt Hummer 7 min read
News Commerce

The Future Of Retail Is Local: Co-Leading Ankorstore’s $100M Series B

by Allison Xu and Merritt Hummer We aspire to partner with marketplaces that are transforming the way their respective industries operate, and that’s what we found in Ankorstore and the European wholesale market. Our investment thesis on the future of retail can be summed up in four words: staples online, specialty offline. It is indisputable that e-commerce […]

Merritt Hummer 4 min read
News Commerce

Merritt's Selected Portfolio Companies

Company
About
Partner
Invested
Domain
Stage

SmartRent provides smart technology solutions that deliver the ultimate smart building experience for real estate owners, managers and residents.

Partner(s) Merritt Hummer
Invested 2019
Apps
Growth

Ankorstore is the first marketplace that connects brands and creators with shops all over Europe.

Partner(s) Merritt Hummer
Invested 2021
Commerce
Early

Socure is the leading platform for digital identity verification and trust.

Partner(s) Merritt Hummer
Invested 2021
Fintech
Growth

Material Bank is an American technology and logistics company headquartered in Boca Raton, Florida, with its logistics hub in Olive Branch, Mississippi.

Partner(s) Merritt Hummer
Invested 2020
Commerce
Growth

Expense reports and out-of-pocket purchases just don’t work for today’s forward-thinking teams.

Partner(s) Merritt Hummer
Invested 2021
Fintech
Seed

Properly is your hassle-free partner to buy and sell homes in Canada.

Partner(s) Merritt Hummer
Invested 2021
Apps
Early

Fidel API is a financial infrastructure platform, providing tools to build powerful experiences on top of payment cards.

Partner(s) Merritt Hummer
Invested 2022
Fintech
Growth

Ribbon provides all-cash offers and powerful software solutions for agents.

Partner(s) Matt Harris
Invested 2016
Fintech
Seed

GoCardless is a global leader in account-to-account payments, making it easy to collect both recurring and one-off payments directly from customers' bank accounts.

Partner(s) Matt Harris
Invested 2020
Fintech
Growth