•
The Future of Financial Software
Talks about Fintech, Financial Software and Accounting Software
AT
Alex Tong
General Partner at Stealth
Toronto, Ontario
Overview
Alex Tong is a Toronto-based investor with a Bachelor of Business Administration from Simon Fraser University, currently serving as Co-Founder and General Partner at Stealth. With a focus on investing in ambitious technology founders, Tong has made significant investments in companies like Strike Graph, Jirav, Thoughtexchange, Cinchy, Procurify, and LendingFront, contributing to their growth and success in various funding rounds.
Tong's career highlights include serving as a Venture Partner at Information Venture Partners and advising at Holt Accelerator, showcasing expertise in strategic financial planning, corporate development, and venture capital investments in sectors such as SaaS, FinTech, and security, reflecting a strong track record of supporting diverse founders and companies in their growth journey.
Work Experience
Co-Founder and General Partner
2024 - Current
- actively investing
Angel Investor
2019
- Verafin (https://Verafin.com) - acquired by Nasdaq - Commit (https://commit.dev/) - Seed led by Accomplice - Spare Labs (https://sparelabs.com/) - Series A led by Inovia Capital - L1 Advisors (https://l1advisors.com/) - Pre Seed with Van Eck.
Advisor
2018
AI Fintech Accelerator
Venture Partner
2016 - 2023
Early stage FinTech and enterprise software investors. Firm's early investments included Verafin (sold to Nasdaq $2.75B), Adaptive Insights (sold to Workday $1.6B), BigID ($1.3b Advent International), Procurify (Series C, Ten Coves Capital) Cinchy (Series B Forgepoint Capital), Varicent (sold to IBM). First investment team hire in 2016 and rapidly promoted over 7-year tenure, investing across 3 funds (including 1 fully exited SPV). Board member or observer to many of the firm's portfolio companies.
Board Member and Series A Investor
2021 - 2023
Strike Graph helps companies build a simple, reliable and effective compliance program so that they can get their security certifications quickly and focus on revenue and sales. https://www.strikegraph.com/
Strike Graph is a compliance SAAS solution simplifying cyber security certifications.
Raised $20,400,000.00 from Information Venture Partners, Madrona, BAMCAP, Revolution’s Rise of the Rest Seed Fund, Madrona, BAMCAP and Information Venture Partners.
Board Observer
2021 - 2023
Via acquisition of PostBeyond
Seed Investor & Board Observer
2021 - 2023
Nue is an easy-to-manage, omni-channel RevOps platform designed to meet the needs of the modern business to innovate and manage their customer revenue lifecycles end-to-end. With Nue, RevOps teams can accelerate sales with innovative pricing models and streamlined processes (direct and self-service commerce) so that companies can easily manage quotes to orders to renewals to billing – all the while delivering accurate analytics to Finance. Learn more at nue.io.
Nue is an easy-to-manage quote-to-revenue platform designed to meet the needs of the modern business.
Raised $15,000,000.00 from Penny Jar Capital, NJP Ventures, Operator Stack, Information Venture Partners, NextWorld Capital, Bluefish Ventures, Sunil Madan, Bluefish Ventures, Information Venture Partners and NextWorld Capital.
Series A Investor & Board Observer
2020 - 2023
A Data Collaboration company, Cinchy separates data from the applications that create it. Our Autonomous Data Fabric uses a network-based design that eliminates the ongoing integration work that otherwise consumes 50% of your IT budget. When creating new solutions, teams leverage what’s already on the fabric and add only what they need. Cinchy is used by some of the world's largest financial institutions and enterprises. Sourced and co-led investment internally.
Series A Investor & Board Observer
2020 - 2023
Jirav is financial planning and analysis in the cloud that helps accounting and finance teams budget and forecast without the need for stale, error prone spreadsheets. Designed to be completely customizable, Jirav lets you track, forecast, and share the data that matters most to your business.
B2B Financial Modeling, FP&A, and Predictive Analytics
Raised $32,300,000.00 from Born Capital, Information Venture Partners, Alumni Ventures, Cota Capital and Bluefish Ventures.
Series B Investor & Board Observer
2019 - 2023
Procurify is reinventing the way organizations spend. For organizations looking to make their spend process more manageable, Procurify is a software solution that offers convenience and accessibility. Achieve greater visibility into your company's spend, track purchases across your organization and report on your financial data with certainty. Managing company spending does not have to be overwhelming or complex. Procurify offers a smarter way to manage spending for hundreds of companies around the world. Sourced and co-led investment internally.