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Unlike traditional venture outfits, Flourish is an evergreen firm, meaning that its investing is open-ended, or has no fixed end date.

“Since our capital is permanent, we are more flexible and not subject to the same pressures of other funds that have to deploy or exit in a certain time frame,” said Tilman Ehrbeck, global managing partner and co-founder.

Redwood City, California-based Flourish has backed 71 startups across five continents since its inception with about half of the fund’s capital having been deployed in the U.S.

“In all of those deals we were either the seed or Series A investor, ” noted managing partner and co-founder Arjuna Costa.

Flourish’s managing partners and founders (and their regions of focus) include Ehrbeck (India and Southeast Asia), Emmalyn Shaw (U.S.) and Costa (emerging markets such as Latin America and Africa).

Looking ahead, Shaw said that Flourish continues to lead into infrastructure and is seeking to back “next-gen” companies in the B2B payments and vertical SaaS spaces that are “embedding finance more deeply in the stack.”

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