SAN FRANCISCO–(BUSINESS WIRE)–Fiat Ventures, the leading emerging venture fund investing in products, services and technologies focused on financial democratization, announced today the launch of the firm’s first venture capital fund with $25M in AUM and co-investment vehicles. Fiat Ventures is dedicated to companies building technology at the intersections of financial technology, financial access and inclusion. To date, Fiat has invested in over 25 companies, leading five investment rounds, including Copper’s Series A round in April 2022 (the top banking platform for teens). The fund boasts a list of investors uncommon for an early stage venture fund, such as Invesco Private Capital who anchored the fund, DAHG Capital Partners, Joint Effects LLC, Full Spectrum Capital, Temerity Capital Partners, Now Investments, Mountaineer Capital, Permit Ventures and several other notable Fintech founders like Jonathan Abelmann (Bestow), Kyle Daley (Chime) and Chinedu Eleanya (Mulberry).
Fiat Ventures Launches $25M Fund To Invest In The Future Of Financial Access And Inclusion
“We believe that doing good and performing well don’t have to be mutually exclusive,” said General Partner and co-founder Drew Glover. “Not only is backing underrepresented teams the right thing to do, but it provides an incredible opportunity to serve a large swath of the population that’s in need of these types of services. We feel incredibly fortunate to have such a wide base of LPs and advisors who support the Fiat mission. At Fiat, we strive to bring financial inclusion, stability and resolve to communities that have historically been overlooked in the U.S.,” he said.
Fiat Ventures Launches $25M Fund To Invest In The Future Of Financial Access And Inclusion
In 2018, Fiat launched its founding arm, Fiat Growth, a marketing consultancy which serves as an in-house “turnkey CMO” primarily to fintech startups, offering out-of-box growth marketing and advisory services. These services include paid…
Fiat Ventures Launches $25M Fund To Invest In The Future Of Financial Access And Inclusion
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Fiat Ventures Launches $25M Fund To Invest In The Future Of Financial Access And Inclusion
Fiat Ventures Launches $25M Fund To Invest In The Future Of Financial Access And Inclusion
Fiat Ventures Launches $25M Fund To Invest In The Future Of Financial Access And Inclusion
Fiat Ventures Launches $25M Fund To Invest In The Future Of Financial Access And Inclusion