Growth investor Jump Capital has pulled in $100m for its latest venture fund.
JCDP 5 hit its target after attracting commitments from 48 investors, and comfortably beats the $60m raised for its predecessor.
The strategy the Chicago-based fund will adopt has not been confirmed, but it typically deploys between $1m and $20m into early stage companies across the FinTech, Saas, healthcare and digital industries.
The firm has a special focus on the US, and has invested in businesses from Boston to San Francisco.
It was founded by managing partner Michael McMahon and Sach Chitnis in 2012, and has since invested in 55 companies, including Champion Healthcare Technologies, Flashpoint and MD Revolution.
Since it began investing, the firm has exited compliance and technical services business ProPharma Group and cloud data analytics company Spire. Most recently, the firm led a $40m series B round in e-commerce app platform Tulip Retail alongside Kleiner Perkins. Before that, the firm participated in a series C round which saw Tubi TV raise $20m.
Recently there has been a string of funds with an interest in FinTech close. Earlier this week, BNP Paribas launched its latest technology fund, with it having raised €181m, while last week saw Balderton Capital pull in $375m for its new vehicle and Viola Group launch a new FinTech dedicated fund.
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