![]() ![]() At a time when the tech sector as a whole as well as financial technology startups specifically are seeing falling valuations and layoffs, it’s reassuring to see that there is still a strong interest in FinTech investment. There’s no doubt that TTV Capital’s Fund VI is great news for the FinTech industry. We believe our FinTech expertise and years of experience in venture capital are the reasons why we’ve been able to drive strong returns for our limited partners amid different economic cycles.” It’s a privilege to do what we do, and we’re especially proud of the reputation that we’ve built as a founder-friendly firm. Meanwhile, the firm’s partner Sean Banks stated, “Founders often tell us that our relationships, connections, and deep industry knowledge are most helpful to them as they grow their businesses. ![]() And now, as we look ahead, we’re still committed to finding the next class of enduring businesses that will shape the future of finance.” Garrard continued, “We saw the digital transformation that was happening and we knew we wanted to be part of it. Back then, we didn’t call it ‘FinTech’ – we just started investing in applications that were being built on the internet.” Twenty-three years ago, we took an early bet on how the technology behind financial services would evolve. Some of the startups the firm has funded include Green Dot, Cardlytics, Greenlight, Hurdlr, and TaxBit among others, while some more recent investments include Payabli, Foro, Greenwood Bank, Scratch, and more.Ĭommenting on the latest news and what it means for the firm, TTV Capital’s co-founder and managing partner Gardiner Garrard said, “Fund VI represents an inflection point for all of us at TTV Capita. To date, TTV has more than 100 FinTech companies in its portfolio, including seven that have reached unicorn status. On average, the firm’s initial investment for each was between $2 and $7 million. In fact, TTV made 18 such investments in 2022, covering such areas as banking, payments, embedded finance, and Web3. ![]() According to the firm, initial plans called for the fund to close at $150 million, but “overwhelming interest” led to the $100 million increase - making Fund VI the largest in the company’s two-decade history.įund VI will be utilized to invest in early-stage FinTech companies. Capital in this fund was contributed by both new and existing partners, including institutional and strategic investors. This week, TTV Capital announced the closure of its sixth fund (Fund VI), with a total of $250 million. A major venture capital firm has announced the closure of its latest fund, which will invest in a number of growing FinTech startups. ![]()
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