USA – Financial Venture Studio, a San Francisco, CA-based venture capital fund focused on early-stage fintech startups in the US, closed its second fund with approximately $40m.
An array of institutional investors, including some of the country’s largest banks and insurance companies, as well as pension funds, global fund-of-funds, and some of the most prominent names in financial services and technology, backed the firm in the raise. Founded in 2018 by Ryan Falvey and Tyler Griffin, who had been investing together since 2016, Financial Venture Studio is a firm providing early-stage companies with foundational capital and deep operational support. This includes a structured program that connects founders with experts and operators in the financial services industry and operational guidance from a team of fintech leaders and operators. These support mechanisms are aimed at helping founders overcome the barriers to launching a fintech company and to set them up to grow more quickly.Since launching Fund I in 2019, they’ve invested in 50 companies with 6 exits backing fintech companies such as Dave, Point, Propel, and Flex.The team also included Cameron Peake, Partner at Financial Venture Studio. 09/08/2022
