About

Discovery Approach

We cultivate a discovery mindset at Citi that is essential for unlocking bold new sources of growth and value for our customers. We relentlessly seek fresh ideas by bringing outside perspectives into Citi with an active exploration of the startup landscape, strategic investments and partnerships, regardless of lifecycle stage.

We embrace disruption and collaborate with internal and external partners to drive innovation throughout Citi. Dedicated to fostering a dialogue – one that is open to new approaches, encourages curiosity and activates a willingness to test and iterate – we are forging an ambitious future for Citi by asking the question, “What if?”

A Strong Legacy

Citi’s commitment to innovation is in our DNA and aligns with our core strengths of global scale, access to deep data insights and longstanding customer relationships. Citi Ventures envisions a new future of financial services built upon the foundation and expertise of more than 200 years of service. Citi’s longstanding mission is to foster progress and help our clients achieve their ambitions. From funding the Trans-Atlantic Cable and the Panama Canal to pioneering the ATM and rewards programs, Citi has been integral to defining moments in history and the financial services industry.

As the world’s leading global bank, Citi serves 200 million customer accounts in 160 countries and 1,000 cities, facilitating an average of $3 trillion in daily business and institutional transactions. Citi Ventures is building upon this scale with innovative new technologies, businesses and partners to design the future of financial services.

Timeline

     
  • May 2017

    - Launch of Citi Connect for Blockchain integrated with Nasdaq Linq, leveraging Citi Ventures portfolio company Chain

    - Citi Ventures and IDEO CoLab launch Mosaic Digital Identity Lab

  • February 2017

    Citi Ventures launches Citi University Partnerships in Discovery program

  • January 2017

    - Citi names new Head of Citi Ventures and Citi’s second Chief Innovation Officer, Vanessa Colella

    - Citi Ventures joins Cisco CHILL to explore digital supply chains

  • August 2016

    - Walmart announces its acquisition of Citi Ventures portfolio company Jet.com

    - Citi Ventures makes its 40th investment

  • January 2016

    Citi Ventures and IDEO CoLab begin work in distributed digital identity

  • August 2015

    Citi Ventures makes its 30th investment

  • May 2015

    Citi Ventures joins IDEO Co-Lab as founding member with Nasdaq, Fidelity and Harvard

  • December 2014

    Partnership with Plug and Play is announced to launch global FinTech accelerator with locations in U.S., Germany, Singapore, Brazil and Spain

  • January 2014

    Citi Ventures makes its 20th investment

  • December 2013

    Internal Acceleration Fund is established

  • November 2013

    Citi’s first FinTech accelerator is launched in Tel Aviv

  • July 2013

    Citi Ventures establishes the Global Lab Network

  • October 2012

    Silver Tail is first portfolio company exit (acquired by EMC)

  • April 2012

    Citi Ventures makes its tenth investment

  • March 2012

    First portfolio company commercialization with Silver Tail

  • January 2012

    First pilot product from investment portfolio is tested

  • July 2010

    Citi Ventures makes its first venture investment

  • January 2010

    Citi Ventures is founded in Palo Alto by Citi’s first Chief Innovation Officer, Debby Hopkins