Early stage investor FinTech Collective rounds up $93.8m for Fund II

New York-based early stage investor FinTech Collective has pulled in just shy of $100m for fund II.

The firm raised $93.8m after attracting commitments from 94 investors, according to a filing with the SEC.

It is not clear if this signals a final close however, and no target has been listed.

FinTech Collective II is likely to target early stage FinTech start ups across the US. It is unclear how much the firm will invest in each transaction, but it has previously deployed between $8m and $22m into a number of FinTech start ups.

The firm was founded in 2014 by Brooks Gibbins and Gareth Jones, and now employs a team of up to 10 people.

It currently boasts a portfolio of 18 businesses, including financial data company Quovo, digital advice business Next Capital and solar financing company Wunder.

The seed stage investor most recently took part in a series A funding round in Vestwell, a white-labelled retirement platform, which saw the business raise $8m.

Months before that, it participated in a $25m series A round in Neighbourly, an investment opportunities platform.

Copyright © 2017 FinTech Global

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