Cambrian Ventures' Rex Salisbury Raises New Fund Amid Fintech Slowdown

Rex Salisbury's Cambrian Ventures raises a new fund despite the fintech slowdown. Salisbury believes there are still opportunities in the category, citing only 1% of global financial services revenues being captured by fintech. His inaugural $20 million fund has invested in 33 companies, with half securing Series A funding. The second fund will continue to focus on pre-seed and seed-stage startups.

Rex Salisbury, the founder of Cambrian Ventures, has raised a new $20 million fund, bucking the trend of a slowdown in the fintech sector. Despite the current market conditions, Salisbury remains optimistic about the opportunities in fintech, citing that only 1% of global financial services revenues have been captured by fintech companies [2].

Salisbury's inaugural $20 million fund has already invested in 33 companies, with approximately half securing Series A funding, a significantly higher rate than the industry average of 15.4% [2]. This early success has enabled Salisbury to secure a second fund, which will continue to focus on pre-seed and seed-stage startups.

The second fund will leverage the advancements in AI, allowing startups to build multi-product companies from day one. Salisbury's investment in Every, a company that offers a range of financial services, exemplifies this trend [2].

Salisbury's strategy remains unchanged, focusing on finding great founders with innovative ideas. His network, which includes founders from top fintech companies, has attracted institutional backers to the second fund, including a bank and a life insurance firm [2].

The fintech industry is experiencing a shakeout, with aggregators consolidating their tech stacks, fintech solutions consolidating, and robust tech firms needing to diversify their client base [1]. However, Salisbury's success in raising a second fund indicates that there are still opportunities in the sector for investors and entrepreneurs.

References:

[1] https://www.financial-planning.com/opinion/3-fintech-trends-that-could-signal-sector-downturn
[2] https://techcrunch.com/2025/07/16/rex-salisburys-cambrian-ventures-raises-new-fund-bucking-fintech-slowdown/