07 December 2023

FinTech-focused Canapi Ventures raises $750mn

Written By FinTech Alliance

FinTech-focused Canapi Ventures raises $750mn

Fund II represents a 15% increase in funds and a near-doubling of the Canapi Alliance from firm's Fund I


In brief:

- The FinTech venture capital fund backed by nearly 70 financial institutions and strategic investors across the United States, today announced the raise of a $750 million Fund II

- This latest raise brings Canapi's total assets under management to over $1.4B and will allow the Fund to continue to support the most innovative entrepreneurs and companies looking to create a sounder, more inclusive and equitable financial ecosystem

- In Fund I, Canapi made 20 investments across key verticals, including fraud and identity, financial infrastructure, lending and credit, payments, and real estate technology

- Canapi has helped to facilitate nearly 100 partnerships between its LPs and portfolio companies – including such names as Alloy, Built, Thoropass, and Greenlight.


What does this mean?

"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," said Canapi Managing Partner, Gene Ludwig. "Our connectivity in Washington and to its regulators has allowed us to help our companies better understand and comply with complex requirements while building alongside founders to maximise impact." Canapi Managing Partner Chip Mahan added, "We're proud to work shoulder to shoulder with our teams, helping them to best serve their customers and their customers' customers."


Read more here.

Up Next ...
29 May 2024

Meethaq Boosts Islamic Banking with Temenos Core Tech Upgrade

Meethaq, Bank Muscat's Islamic banking division, has implemented Temenos' core ...

29 May 2024

Australian Start Up, Rich Data Co, expands into US Market with M&T Bank Deal.

Australian start-up Rich Data Co (RDC) has extended its AI-powered ...

29 May 2024

RBI's 3 new initiatives hailed by Industry

FinTech Leaders praised RBI's 3 new Initiatives...

28 May 2024

CEO of UK asset management firm, Abrdn, steps down.

Abrdn have today announced that group CEO, Stephen Bird, is ...

More in Investment

Uber to back Nigerian start-up Moove in up to $100mn round

26 February 2024

Funding round could push Moove’s market value to $750mn In brief:- ...

Simetrik secures $55mn in Series B to bolster platform globally

26 February 2024

Simetrik is a financial automation platform based in Colombia. In brief:- ...

FinTech startup Pontera raises $60mn

07 December 2023

Pontera, formerly known as FeeX, has successfully secured $60 million ...

Wayflyer hits monthly profitability

28 November 2023

A month after securing a $1bn debt funding line, Irish ...

White Papers Investment

Investment vehicles in private markets

17 November 2023

How investment vehicles are revolutionising private markets and bridging the gap in democratisation...

White Papers Investment

The Three-Body Problem: Finding the New Stable Points in Venture Capital

12 June 2023

William Edwards Deming once famously said, “It is not necessary to change. Survival isn’t mandatory....

White Papers Investment

FT Partners Quarterly FinTech Insights

12 June 2023

FT Partners’ FinTech Insights Reports are published on a quarterly basis, along with a comprehensive...

Articles Investment

Innovate Finance on: 2022 Summer Investment Report

19 July 2022

In the first half of 2022 total capital invested in FinTech globally reached $59bn – flat year-on-ye...

There are no Events in this category