Michelle Mccarthy
Investor at Verizon Ventures
New York City Metropolitan Area
Overview
Work Experience
Managing Director, Verizon Ventures
2012 - 2024
Invested in strategically aligned startups as a leading director of the transaction team for Verizon Ventures. Served as a board member for portfolio companies with technologies that included AI, IoT, connected home, robotics, sports tech, media, fintech, and adtech. Investments spanned B2B and B2C, and included both SaaS and hardware. Partnered with Verizon BU teams to provide a bridge between external startup innovation and internal business objectives. Represented Verizon Ventures in industry associations and at CVC/VC/innovation events. Established the venture team’s operations, processes, and reporting, and oversaw events. Recognized as a Rising Star by Global Corporate Venturing.
Head of LIHTC Investments and Portfolio Management
2005 - 2012
Led new investments and managed a large, geographically diverse portfolio of Section 42 LIHTC tax credit real estate investments as well as a portfolio of commercial real estate leveraged leases. Closed more than 100 LIHTC transactions in custom designed proprietary funds with over a dozen tax credit syndicators, investing more than $1B in equity. Investments generated above market returns and were used to finance the development of affordable housing properties for low income families.
Director, Corporate Strategy, Development & Planning
1998 - 2005
During a period of tremendous industry transformation, led initiatives to pursue new business opportunities, enhancements to existing lines of business, and monetization opportunities. Managed portions of multi-billion dollar foreign and domestic acquisition target analyses and oversaw strategic planning materials for the Board of Directors. Led a team of corporate strategy directors and managers.
Verizon is a broadband and telecommunications company that provides information and entertainment services.
Raised $32,103,192,466.00 from U.S. Department of Defense, Connect Maryland, NYSERDA and NYSERDA.
Board
2023 - 2023
Software-based multi-sensing platform for situation-aware AI-driven IoT
Board
2021 - 2023
Human-like Artificial General Intelligence (AGI) in General Purpose Robots (GPRs)
Board Member
2021 - 2023
Local community news, information, and engagement platform
Patch is a community-specific news, information and engagement platform that covers individual towns and communities.
Board
2021 - 2023
High-fidelity haptic gloves for fully immersive, professional-grade Virtual Reality (VR) and robotics
HaptX is a leading haptics company that brings realistic touch to virtual reality for the first time with HaptX Gloves.
Raised $59,500,000.00 from Mason Avenue Investments, Advanced Input Systems, Crescent Cove Advisors, Taylor Frigon and Verizon Ventures.
Board
2021 - 2023
Motion detection for practical applications like security, energy conservation, and fall detection by applying AI engines to wireless traffic data; no need for specialty sensors or video
Board
2020 - 2023
Sports tech real-time tracking and analytics
ShotTracker makes sensor-based technology that automatically captures basketball statistics in real-time during practices and games.
Raised $33,785,000.00 from Hearst Ventures, Evertz, TechNexus Venture Collaborative and Verizon Ventures.
Board
2014 - 2023
Verizon Ventures board observer Software platform for API integration and data visualization
Bug Labs is a hardware platform enabling tinkerers and engineers to create their own digital devices.
Raised $7,500,000.00 from Verizon Ventures, Union Square Ventures, Court Square Ventures, Spark Capital and Union Square Ventures.
Investment Lead
2020 - 2023
Early Stage Funds in Female-Led Startups Investment areas include future of work, commerce tech, fintech, security, healthcare
Investement Lead
2018 - 2023
Mobile Secure Token Wallet and Engagement Platform Investment was originally in SimplyTapp, acquired by OV Loop
GBC Systems provides a route distribution program, accounts receivable, inventory, and equipment services.