84 FinTech VC Firms to Consider If You Are a FinTech Startup Raising Money

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Let’s Talk Payments keeps a periodic track of FinTech investments in the industry. Our latest study found out that $4.5 billion worth of FinTech investments were made in five months from July 2015 to November 2015. Our analysis also revealed that the majority of the funding raised by the companies was to expand their services globally. The largest funding of $1 billion was raised by SoFi in its series E round; the investments were led by SoftBank Group and other investors, including Baseline Ventures, DCM Ventures, IVP, Renren Inc., Third Point Ventures and Wellington Management.

A research study by Accenture and CB Insights stated the fact that global investment in FinTech ventures tripled to $12.21 billion in 2014 in one year. The emerging trends for FinTech include lending, money transfer, APIs, machine learning, blockchain, bitcoin, risk & security, biometrics authentication, payment processing and more. FinTech is evolving rapidly not only in the US but also in countries like China, India, Singapore, the UK and Israel. Investors are continuously looking for the next big thing in the financial industry. While there are VC firms like Green Visor Capital and BBVA Ventures who are exclusively focused on investing in FinTech startups, there are big players like Accel Partners and KPCB who are increasingly investing in FinTech startups.

We’ve updated our previous listicle on FinTech VC firms and compiled this new list of 84 FinTech VC firms (in no particular order of ranking) who either have FinTech as one of their focus areas or who invest exclusively in FinTech. Needless to say, while we have researched investments carefully, this list may still not be exhaustive; so any feedback on inadvertent omissions or additions is always appreciated.

Please Note: Here onwards, this list will be updated on our new FinTech research and discovery platform, MEDICI. Please make sure that you are a part of it to continue getting access to our future updates. Visit MEDICI: https://medici.letstalkpayments.com/

Santander InnoVentures

Location: London

Portfolio: iZettle, MyCheck, Ripple, Kabbage, Cyanogen

In their own words: We launched our $100-million fund in July 2014 to get closer to the wave of disruptive innovation in the FinTech space. We aim to support the digital revolution to make sure Santander customers around the world benefit from the latest know-how and innovations across the banking group’s geographies.

Stage/Size of Investments: Small companies and startups

Segments: FinTech exclusive

Oak HC/FT & Oak Investment partners

Location: Connecticut, USA

Portfolio: Digital Currency Group, Fastpay, Feedzai, Insureon, Poynt

In their own words: Oak HC/FT is a premier venture growth equity fund that invests in healthcare information & services (“HC”) and financial services technology (“FT”). We’re focused on driving transformation in these industries by providing entrepreneurs and companies with strategic counsel, board-level participation and access to our extensive network of industry leaders. Oak HC/FT is peerless in delivering returns for investors and growing innovative businesses. Over the past decade, the partners at Oak HC/FT have had 20 realizations with six companies achieving valuations in excess of $1 billion.

Stage/Size of Investments: Early-stage startups

Segments: Healthcare information and FinTech (next-generation payments, data-driven solutions, and services that offer the following: efficiencies, cost savings, transparency, fraud reduction or risk mitigation.)

Great Hill Ventures

Location: Boston, Massachusetts

Portfolio: PayChoice, Accelerated, Custom House, GTM Group, Billmatrix

In their own words: The principals of GHP have years of middle-market private equity experience, including more than 50 portfolio company investments, over 100 consolidating acquisitions and nearly $3 billion of arranged portfolio financings during their tenures at GHP. GHP investment professionals working with a portfolio company know the space as an insider would, with a deep knowledge and understanding of the competition, the threats, and the opportunities. GHP investment professionals turn knowledge into added value, delivering relationships with relevant executive recruiters and management candidates, actively profiling and pursuing acquisition targets, maintaining active discussions with effective investment bankers, understanding the debt and promoted equity options available to the company, and knowing the likely strategic acquirers. After all, your success is our success.

Stage/Size of Investments: All beyond early-stage; $25–$150 million investment size

Segments: E-commerce, IT Services, Media, Software, Cloud, Education, FinTech, Healthcare, Enterprise SaaS

Spectrum Equity

Location: Boston, San Francisco

Portfolio: BATS, Ethoca, ExactBid, Ipay Technology, Netquote, Trintech, Seisint

In their own words: Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative Internet, software and information services companies. For over 20 years, we have partnered with high-growth companies across the information economy. We are currently investing the firm’s seventh fund with $1 billion in capital.

Stage/Size of Investments: All

Segments: Healthcare, Tech, Business Services, Education

FPrime Capital

Location: Cambridge, MA

Portfolio: Receivables Exchange, TradeBlock, Tradier, Flywire

In their own words: Our roots are in one of America’s great entrepreneurial success stories. Fidelity Investments was founded in 1946 and grew from a single mutual fund into one of the largest asset management firms in the world, with over $2 trillion in assets under management. For the last 40 years, our venture capital group has had the privilege of backing other great entrepreneurs as they built ground-breaking companies in technology and life sciences, including Atari, MCI, ROLM Corp., Alibaba, Ironwood Pharmaceuticals and Ultragenyx.

Stage/Size of Investments: Early-stage companies, but also exceptional teams at any stage

Segments: Biopharmaceuticals, MedTech, Healthcare IT/Services, FinTech

Camden Partners

Location: Baltimore

Portfolio: Planet Payments, Network for Good, In Go, BlueFin Payments

In their own words: We are a Baltimore-based private equity firm providing growth and seed capital to companies in our targeted sectors of education, healthcare, technology and business services. We are also a provider of human capital. We leverage our financial and sector expertise and relationships to provide our partners in growth, the management teams, with the differentiated insight, networks and experience necessary to accelerate and execute their growth strategies.

Stage/Size of Investments: Seed- and growth-stage companies

Segments: Healthcare, Tech, Business Services, Education

Mucker Capital

Location: Santa Monica, California

Portfolio: Grand Intent, Emailage, Penango, Verifico

In their own words: We partner with exceptional entrepreneurs who have deep domain expertise, principally in the greater Los Angeles area, to provide their earliest institutional funding and work side-by-side to help launch and scale their new ventures. But it is our conviction that we must provide more than just capital. As operators and entrepreneurs ourselves, we roll up our sleeves and work with entrepreneurs in all parts of their businesses that need additional resources.

Stage/Size of Investments: Seed-stage companies

Segments: Internet Software and Media

Omdiyar

Location: Redwood City, California

Portfolio: Better Than Cash Alliance, Cignifi

In their own words: At Omidyar Network, we start from a fundamental belief: People are inherently capable, but they often lack opportunity. We believe if we invest in people, through opportunity, they will create positive returns for themselves, their families, and the world at large. We also believe that businesses can be a powerful force for good. Pierre Omidyar experienced this firsthand as the founder of eBay. Just as eBay created the opportunity for millions of people to start their own businesses, we believe market forces can be a potent driver for positive social change. That’s why we invest in both for-profit businesses and nonprofit organizations, whose complementary roles can advance entire sectors.

Stage/Size of Investments: All stages

Segments: Consumer Internet and Mobile, Education, Financial Inclusion, Governance & Citizen Engagement and Property Rights

Susquehanna Growth Equity

Location: Bala Cynwyd, PA

Portfolio: 29 west, Ballista, CashEdge, Derivix, ESP, Plimus, Versafe

In their own words: Susquehanna Growth Equity was founded in 2006 to create a different kind of growth equity investor: a firm that itself is funded by entrepreneurs who understand the ups-and-downs of operating a business; a firm that has no fixed time horizons and is not subject to the vagaries of the private equity fundraising cycle; a firm that can be flexible in the types of deals it does, the securities it holds, and the risks it takes; and a firm which will help strategically without forcing its operational playbook on the operators we are backing.

Stage/Size of Investments: All stages

Segments: SaaS, FinTech, HealthTech, Internet, Info Services, Marketplaces

Continue exploring more companies here.

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