Fiat Ventures combines venture and advisory divisions into new brand, raises $35M Fund II

Fiat Ventures combines venture and advisory divisions into new brand, raises $35M Fund II

In an environment where emerging fund managers struggle to attract LP attention, FGV is betting that a different venture model can help it lure LPs.

FGV Capital closes $35m fund to back FinTech startups

FGV Capital, A US-based venture capital firm, has closed its second investment fund at $35m, exceeding its original $25m target as it prepares to deploy the capital into early-stage companies across FinTech, financial access and AI. Investors in Fund II include Reinsurance Group of America (RGA), MassMutual, Bank of America and the Stellar Development Foundation, alongside foundations, fund of funds, family offices and high-net-worth individuals…

FGV Announces $35 Million Fund For AI-FinTech Startups

Venture capital firm Fiat Ventures is rebranding after closing its oversubscribed $35 million fund. The fund invests in early-state startups at the intersections of FinTech, financial access and artificial intelligence (AI), the company—now known as FGV Capital—said in a Tuesday (Aug. 25) news release. Led by Marcos Fernandez, Drew Glover, Alex Harris and Rohit Ramkumar, FGV has, since its founding in 2018, worked with more than 325 companies in…

Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II

SAN FRANCISCO--(BUSINESS WIRE)--FGV Capital, the venture arm of FGV, today closed its $35 million Fund II. The vehicle, which includes co-investment capital, was oversubscribed from its original $25 million target. FGV Capital will employ Fund II to back early-stage companies at the intersections of financial technology, financial access, and AI innovation. Led by Marcos Fernandez, Drew Glover, Alex Harris and Rohit Ramkumar, FGV Capital differe…

FGV Capital closes oversubscribed $35M Fund II to chase fintech's AI wave

Fiat Ventures has rebranded as FGV Capital and closed its oversubscribed $35 million Fund II, exceeding its original $25 million target. Before it established its investment fund, FGV Capital created a growth agency, unlike most venture firms. The amount of assets that FGV Capital now manages, having raised Fund II, exceeds $60 million. FGV Capital, the San Francisco-based fintech investor formerly known as Fiat Ventures, has completed its $35 m…