The Team

The team behind Consumer Equity Partners.

Built for the next era of retail innovation.

CEP brings together deep operating experience inside the world’s leading retailers and technology companies, proven venture investing capability, and an ecosystem of leaders who understand how to scale innovation inside large enterprises.

Tom FurphyTom FurphyTom Furphy

Tom Furphy

Co-Founder & General Partner

Tom has spent his career at the intersection of retail, technology, and innovation. Across leadership roles at Wegmans and Amazon, startup founder journeys, venture investing, and public-company governance, he has consistently focused on helping companies navigate major shifts in consumer behavior and commerce infrastructure.

He began his career at Wegmans, where he learned firsthand the importance of customer obsession, operational excellence, and long-horizon innovation from one of the industry’s most respected retail organizations. He later founded and scaled a SaaS commerce platform that reduced friction between retailers and suppliers before the company was acquired by Oracle.

Tom then joined Amazon during its formative growth years, where he helped build and scale the Consumables and Grocery businesses. During his tenure, he also helped launch foundational innovations including Subscribe & Save and early advertising capabilities that ultimately became major pillars of Amazon’s commerce ecosystem.

Current roles

  • CEO of Replenium, an AI-driven agentic commerce platform
  • Board Member, Regency Centers (NASDAQ: REG)
  • Senior Advisor (Luminary) to Accenture
  • Active supporter of FMI Grocery Lab and the Data Task Force

What he brings

  • Large-scale retail operating experience
  • Startup building and commercialization expertise
  • Retail technology innovation leadership
  • Venture investing and portfolio development
  • Public-company board governance
  • Decades of trusted relationships across retailers, brands, technology providers, and founders
Patrick WalshPatrick WalshPatrick Walsh

Patrick Walsh

Co-Founder & General Partner

Patrick complements Tom’s retail and operating background with deep venture investing experience, advanced technology expertise, and a strong working understanding of AI, infrastructure, compute, and the systems that will power the next generation of commerce.

He has spent nearly two decades investing in breakthrough technologies through leadership roles at Intel Capital and National Grid Partners, where he completed more than 65 financing rounds across 35 companies and helped build highly successful venture portfolios spanning AI, cloud, infrastructure, IoT, energy systems, cybersecurity, analytics, and enterprise software.

As a founding General Partner at National Grid Partners, Patrick helped shape one of the world’s leading strategic venture platforms focused on infrastructure modernization, AI, data science, and emerging technologies.

Notable investments

  • Tomorrow.io
  • Exodigo
  • Urbint
  • Omnidian
  • LineVision
  • Copper Labs
  • InContext Solutions
  • Prism Skylabs
  • Yottaa
  • Black Duck Software

What he brings

  • Deep technical expertise in AI, software architecture, cloud, open source, and infrastructure
  • Extensive venture investing and board governance experience
  • Strong diligence and transaction execution capability
  • A long track record supporting transformative technology founders
Our Model

A different kind of venture firm.

CEP is intentionally being built differently. The firm is designed to combine:

  • Venture investing discipline
  • Deep retailer operating experience
  • Advanced technology expertise
  • Enterprise commercialization capability
  • Strategic LP collaboration
  • Structured innovation deployment

We do not merely invest in technology companies. We help retailers identify, fund, operationalize, and scale the innovations that will define the future of commerce.