Global asset management firm focussed on B2B FinTech Fin VC has closed three funds totalling more than $400m.
Together with its first set of funds, Fin has now reached over $1bn AUM in its third year of operations. The new capital will be deployed across four investment strategies, Regatta (pre-Seed), Flagship (Seed-B), Horizons (Growth), and Constellation (Publics).
The firm has also listed a $200m Special Purpose Acquisition Company (SPAC), typically used to raise capital through an IPO for the purpose of acquiring or merging with another company.
Founded in 2018, Fin works with experienced entrepreneurs and invests exclusively in B2B FinTech Saas across the US, UK and Europe. The firm is focussed on full lifetime cycle investing, from inception to IPO.
Fin will also open a regional headquarters in London in the first quarter of 2022, to supplement its existing offices in San Francisco and New York. The London office will be led by Henry Cashin, and, according to Fin, will play an integral part in furthering the firm’s mission to partner with B2B FinTechs on both sides of the Atlantic.
Logan Allin, founder and managing general partner, said, “FinTech company formation is at an all-time high and we believe that the rise of ‘innovation enablers,’ the B2B companies supporting incumbent FinTechs, banks, insurers, and corporates, will create an even larger and more impactful market than their B2C and B2B FinTech predecessors.”
Speaking of the firm’s expansion, Allin added, “In such a competitive market, founders need more than just capital to succeed. The UK, in particular, remains a much more mature FinTech market and so we are excited to expand our physical presence in Europe through our London HQ.”
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