FinTech Collective, a NYC-based venture capital firm focused on investing across traditional fintech and emerging digital assets, raised a combined $250m in capital.
The firm raised:
- $200m to focus on early-stage investments in entrepreneurs rewiring how money moves through the world and invests thematically and across capital markets, wealth and asset management, banking-lending-payments, and insurance, as well as
- $50m to focus on open-source, composable financial protocols and applications being built on smart-contracting platforms such as Ethereum. The DeFi strategy will invest across the breadth of opportunities emerging in the decentralized finance space – including both equity and liquid tokens.
Limited partners include some of the largest and respected institutional asset managers in the world, including The State of Wisconsin Investment Board, The Teachers’ Retirement System of the State of Illinois, Greenspring Associates, and StepStone Group. New limited partners additionally include some of the most experienced institutional crypto investors in the US and Europe, including DRW and Alan Howard.
The two fundraises brought the firm’s total assets under management (AUM) to over $500m.
Founded in 2012, FinTech Collective is led by Managing Partners Brooks Gibbins and Gareth Jones, who have worked together for more than two decades as entrepreneurs and operators in the fintech space, having built and sold four businesses for proceeds of more than $1.5 billion.
The firm invests globally and has 53 companies operating in the United States, Latin America, the UK/Europe, and Africa. Notable exits include Quovo to Plaid, Reorg Research to Warburg Pincus, and MoneyLion, which announced it will go public through a merger with the SPAC Fusion Acquisition Corp. in a $2.9 billion deal.
FinSMEs
22/08/2021