Former managing directors of Amex Ventures have raised $78m to establish a fintech fund, Vesey Venture, which will invest in early-stage fintech startups that are capable of forming partnerships with financial incumbents. The group already has several investments, including in Cyrus, Coast, Equi, Grain, and Proper.
Facts
- Vesey Venture, founded by Dana Eli-Lorch, Lindsay Fitzgerald, and Julia Huang, has raised $78 million for its debut fund.
- The fund will focus on early-stage fintech and enabling technology companies.
- Vesey Ventures aims to identify, fund, and scale the next generation of great companies by combining the best of their backgrounds.
- The founders have nearly a decade of experience investing together and have established over 100 partnerships between startups and financial services institutions.
- The fund will invest in firms that can form early partnerships with financial incumbents.
- Vesey Ventures has already made several investments, including in Coast, Cyrus, Grain, Equi, and Proper.
- The group believes that partnerships can be a game-changing part of a fintech company’s growth story and has an unparalleled track record of delivering these for its founders.
