Financial Venture Studio, a US venture capital fund specializing in early-stage fintech startups, announced the final close of their second fund with commitments totaling about $40 million. A wide range of top institutional investors, including some of the biggest banks and insurance companies in the nation, as well as pension funds, international fund-of-funds, and some of the most well-known names in financial services and technology helped fund the round. Financial Venture Studio uses its funding to help fintech founders get their businesses off the ground and flourish more swiftly. They actively seek out outstanding management teams in the fintech space.
Financial Venture Studio Closes $40 Million Fund II