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Baiyin Murphy

General Partner at Indicator Ventures

Boston, Massachusetts

Overview 

Baiyin Murphy is a General Partner at Indicator Ventures in Boston, Massachusetts, with a strong background in investments, financial analysis, and venture capital. Notable highlights include serving on the board of Retrocausal and investing in companies like Polymer at the seed stage.

Work Experience 

  • Board Member

    2023 - Current

Retrocausal gives superpowers to manufacturing assembly operators, line leaders, and lean engineers with its Generative AI Copilots.

Raised $9,860,000.00 from Indicator Ventures, Differential Ventures, SaaS Ventures, Argon Ventures, One Way Ventures, Incubate Fund, Techstars, Stage Venture Partners, Hypertherm Ventures and AVV.

  • General Partner

    2020

    Seed stage tech VC investing in founders building technology making work (B2B SaaS), life (digital health), and wealth building (fintech) easier and more accessible. Investments and Board roles: CapWay, Expectful (acq. by Babylist), Complete Specialty Solutions, Polymer, Makini, and Retrocausal

We invest in founders building software making work, life, and wealth-building easier and more accessible.

  • Faculty Advisor

    2021

  • Board Observer

    2022

Makini is One API for All industrial enterprise integrations

  • Board Member

    2021

Polymer is a cybersecurity company that offers a software platform to manage sensitive data in SaaS and AI.

Raised $9,863,730.00 from Studio VC, Indicator Ventures, Tensility Venture Partners, Green Egg Ventures, Motivate Venture Capital, Story Ventures, Cold Start Ventures, Inspiration Ventures, Maccabee Ventures and Forum Ventures.

  • Investor

    2021

Complete Specialty Solutions provides solutions to dentist offices through their combination of clinical, business, and operational support.

Raised $2,500,000.00 from Indicator Ventures.

  • Board Member

    2021

Expectful is a mental health app designed to assist women before, during, and after pregnancy.

Raised $4,200,000.00 from Basecamp Fund, Joyance Partners, Ashley Mayer, Harlem Capital, Alumni Ventures, Ellen Pao, Break Trail Ventures, Sequoia Capital, Chingona Ventures and Powerhouse Capital.

  • Investor

    2020

CapWay is a digital bank creating financial access and opportunities for everyone.

Raised $145,000.00 from Fearless Fund.

  • Principal

    2016 - 2020

    Early growth stage, enterprise tech-focused VC. Investments and Board Roles: Splash, Connected2Fiber, GR8 People, Empow (acq. by Cyberreason), RapidMiner, Revulytics (acq. by Flexera), Vee24, Promoboxx

Ascent is a venture capital firm that invests in early stage, emerging B2B technology companies, backing over 110 companies since 1985.

  • Associate

    2014 - 2016

    Expansion stage venture capital fund, focused on high-growth software, internet, and technology-enabled companies. Investments: Logikcull, Lesson.ly (acq. by Seismic), SwiftStack (acq. by NVIDIA)

OpenView is an expansion stage venture firm that helps grow software companies into market leaders.

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