Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Home

Marketplace
Database
News
Store
Resources
Contact Us

 

 

News


VENTURE CAPITAL DIRECTORY | PRIVATE EQUITY DIRECTORY

List of Venture Capital / Private Equity Firms and Sources
Published since 1998, VCPro Database is the most reliable, up-to-date and affordable venture capital directory

2022 EDITION NOW AVAILABLE!
Buy Now for $119.95 with a FREE mid-year update in July 2022
Learn More or Buy Now

VCPro Database 2022 25th Edition -- a downloadable and searchable venture capital database with 6,600+ venture capital and private equity firms worldwide. The most reliable, up-to-date and affordable venture capital directory of its kind. VCPro Database is available in both Windows and macOS versions. It has been published since 1998. (Updated JANUARY 2022)

Learn More » or Buy Now »




Vestigo Ventures Closes Oversubscribed Fund II with $117.3 Million

Strong demand for AI and the API economy within financial services drives VC firm to triple AUM

CAMBRIDGE, Mass., February 17, 2022-- Vestigo Ventures, an early-stage venture capital firm focused on investing in transformative FinTech companies, announced that it has successfully closed Vestigo Ventures Fund II, L.P. ("Fund II") with $117.3M total fund commitments that surpassed its fundraising goal.

The succeeding fund nearly doubles Vestigo's inaugural fund ("Fund I"), driven by strong investments in companies such as Alloy, Jobble, and Railz. Fund II is well on its way with portfolio companies that include Acquire, DVx Ventures, ForMotiv, Retirable, and Roots Automation.

Vestigo General Partner Mark Casady notes that despite the substantial increase in fund size, the firm will stick to its winning formula. "Fund I's portfolio is dominated by commercial applications of machine learning across consumer and enterprise businesses. AI remains the most viable technology theme for Fund II. As the TradFi and DeFi ecosystems converge, we will continue to be on the lookout for superlative teams bringing distributed-ledger technology to create new markets and solve business challenges in financial services."

Vestigo General Partner Dave Blundin expounds on the value of AI companies. "The supply of skilled traditional software engineers alone hasn't kept pace with the market's growing demand for talent. The problem is many times worse for machine-learning engineers. At the end of the day, it's all about the talent. The commercial applications for AI today are boundless. The key for us is to find great teams who can build, sell, and recruit to solve massive problems or, in some cases, even assemble great teams around a market opportunity. Our partnership with Cogo Labs is critical to our ability to identify high-impact players and convex investments."

The firm's leadership shares the same history of launching and operating companies as the entrepreneurs it guides towards growth. "We ask the kind of questions that plant the foundation any visionary needs to realize their dreams," says Casady: "Is the market big? Is the business model bound to generate profits? Will the capabilities provided create a new and better outcome in financial services? If the answer to all three is 'yes'—for a company with the tech and talent poised to meet the market's needs—there's no telling how far they can go."

About Vestigo Ventures

Vestigo Ventures finds and funds the emerging technologies that best serve the $91.5B global annual market for FinTech. Learn more at vestigoventures.com.


News Index

Venture Capital Database 

 

 NEWS

Latest VC News
VC News Archive
News Search

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Business Plan Tools

Free Business Plan Template

 

Copyright © 1998-2022 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer