May 17, 2021 - Economy

Plaid's CEO is raising a VC fund

Illustration of a woman's hand holding a lightbulb with a dollar sign for the filament

Illustration: Sarah Grillo/Axios

Zach Perret, the CEO of payments infrastructure company Plaid, is raising $30 million for a venture capital fund called Mischief, according to an SEC filing. His partner is Lauren Farleigh, founder of defunct Gen Z shopping app Dote and an angel investor in such companies as Faire and Modern Fertility.

Why it matters: Plaid is now valued at $13.4 billion, after federal antitrust regulators blocked a proposed $5.3 billion acquisition by Visa.

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