TTV Capital, an early-stage FinTech task superior firm, has closed its sixth money astatine $250m to put successful early-stage FinTech companies.
The fundraise, which primitively targeted $150m, is nan largest since nan patient was founded 2 decades ago.
TTV Capital said nan information saw “overwhelming interest” and was oversubscribed by $100m. Fund VI includes some caller and existing constricted partners comprising organization and strategical investors, arsenic good arsenic family offices.
In 2022 alone, TTV Capital made 18 investments successful early-stage FinTech companies crossed payments, banking, investing, cybersecurity, Web3, and embedded finance, pinch an mean first cheque size of $2m to $7m.
The patient besides has an exploratory money for investments starting astatine $250,000. To date, TTV Capital counts much than 100 financial exertion companies successful its portfolio, and 7 of those person reached unicorn status.
The patient has led early investments successful aggregate category-creators, including Bill.com, Shopkeep, Green Dot, SmartAsset, and others.
Gardiner Garrard, co-founder and managing partner astatine TTV Capital, said, “Fund VI represents an inflection constituent for each of america astatine TTV Capital. Twenty-three years ago, we took an early stake connected really nan exertion down financial services would evolve. Back then, we didn’t telephone it ‘fintech’ – we conscionable started investing successful applications that were being built connected nan internet. We saw nan integer translator that was happening and we knew we wanted to beryllium portion of it. And now, arsenic we look ahead, we’re still committed to uncovering nan adjacent people of enduring businesses that will style nan early of finance.”
Sean Banks, partner astatine TTV Capital, added, “Founders often show america that our relationships, connections, and heavy manufacture knowledge are astir adjuvant to them arsenic they turn their businesses.”
Last year, British Patient Capital revealed it will perpetrate €25m to Finch Capital’s Europe Fund III, a dedicated FinTech fund.
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