Early-stage fintech venture firm Information Venture Partners has raised $106m in for its second fund.
Investing in fintech and enterprise software ventures, the fund’s final close exceeded its $100m target.
The Toronto-based firm’s new fund sees financial services group Manulife join as a limited partner with existing backers also contributing.
Information Venture Partners co-founder and general partner David Unsworth said, “We are pleased to close our second fund at $106 million, surpassing our original target set when we launched Information Venture Partners.”
The firm’s fintech investments are focused broadly across core financial applications, financial security and crime prevention, financial data application, capital markets and payments.
Unsworth and his fellow co-founder and general partner Robert Antoniades’ team brings almost 35 years of venture investing experience.
The team also claims expertise in fintech and enterprise software, having previously led RBC Venture Partners, the in-house fund of RBC, Canada’s largest bank.
Information Venture Partners counts Adaptive Insights, Verafin, Igloo Software, eSentire, PostBeyond and Q4 among its portfolio companies.
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