Canapi Ventures has raised its second fund
IN BRIEF:
Canapi launched with its first fund in 2020, securing backing from more than 30 banks and strategic investors for a $545 million fund
The fund claims to have helped to facilitate nearly 100 partnerships between its LPs and portfolio companies
The second fund will continue to make similar investments but also look to target firms working on the governance of AI, cybersecurity, and the intersection of financial services and climate technology
What does this mean?
Founder, Gene Ludwig, comments: “Our venture capital model connects high-quality fintech companies to our extensive network of banks and strategic partners, creating strong symbiotic value in this important ecosystem.”
