Trinity Ventures hired Schwark Satyavolu as a general partner focused on the financial technology sector. Satyavolu will join the firm next month from LifeLock, where he was executive vice president. Previously, he co-founded Yodlee Inc and was chief executive officer of Truaxis Inc, a Trinity portfolio company.
MENLO PARK, CA–(Marketwired – February 16, 2016) – Trinity Ventures, an early-stage, technology-focused investment firm that recently raised $400M for its twelfth fund, today announced that Schwark Satyavolu, most recently an executive vice president at LifeLock, will join the firm as a general partner next month.
Satyavolu’s expansive work as a cofounder, CEO and public company executive has connected him to some of the largest institutions and most successful entrepreneurs in the world. As a trailblazer in the fintech space, Schwark has been sought out as a formal or informal advisor to several fintech startups over the years, including BillGuard and Personal Capital. He brings a wealth of enterprise and consumer technology experience to Trinity’s already diverse portfolio.
Like many within Trinity’s network of entrepreneurs, Satyavolu has a long history with the firm. He met Trinity Ventures general partner Gus Tai at a cook-off in 2007, and he subsequently became a Trinity portfolio CEO and independent board member and advisor to Trinity companies.
“I’ve always walked away impressed with the team at Trinity,” Satyavolu said. “They are a diverse group of partners, not only in who they are as individuals, but in the types of deals they do and the founders they back. I appreciate their commitment to entrepreneurs, their willingness to go out on a limb, and their dedication to building great relationships; I’m a testament to that.”
Trinity general partner Ajay Chopra said Satyavolu has long played the role of trusted and thoughtful advisor for the firm’s investment team.
“Schwark was already invaluable to us — I have called him dozens of times to get his advice,” Chopra said. “In our search for a general partner, we looked to the network of people who we had the strongest relationships with, and Schwark quickly rose to the top of our list. Not only does he understand what it’s like to be an entrepreneur and build substantial consumer businesses, he has experience operating in a company that scaled all the way to IPO. We value his extensive experience, and look forward to the expansion of thinking, new sector expertise and relationships he will bring to our practice.”
Satyavolu cofounded Yodlee, an early pioneer in heralding the consumer financial data ecosystem. The ground-breaking company, which went public in 2014, was the default platform provider for numerous financial technology apps and counted almost every major financial institution as a customer. He later cofounded Truaxis, a Trinity investment in the rewards management space, which he ran as CEO before selling the company to MasterCard. Tai led the investment and worked closely with Schwark as a member of the Truaxis board.
At MasterCard, Satyavolu spearheaded all of the company’s global rewards and offers initiatives. In his most recent role as Executive Vice President of Product and Technology for LifeLock (NASDAQ: LOCK), a consumer identity theft prevention company, he was part of the core leadership team.
About Trinity Ventures
Trinity Ventures is a top-tier venture capital firm combining business insight, practical expertise and a personal touch to help startups win big. For over three decades, Trinity has helped passionate entrepreneurs with breakthrough ideas transform markets and lives. Trinity’s investment team takes a collaborative approach and believes in personal engagement, mutual respect and goal alignment to deliver out-sized returns to entrepreneurs and investors. The firm invests in early-stage technology companies with emphases on Cloud and Mobile Infrastructure, Software-as-a-Service, Digital Media, and Social and Mobile Commerce. For more information, visit www.trinityventures.com.