San Francisco-based Deciens Capital has set an $80m goal for its 2018 fund.
Although no capital has been registered, a filing with the SEC lists Global Alliance Securities as a placement agent for the fund.
Deciens Capital Fund 2018 shows Daniel Kimerling and Zachary Townsend as managers for the fund.
The firm targets FinTech investments, backing companies in sectors including?payments, lending, insurance, RegTech, risk management, capital markets, trade finance, personal finance, savings and marketplace businesses, according to its website.
Earlier in the year, B Capital raised $360m for a new fund, which will primarily focus on technology within the financial, insurance and healthcare industries. The firm has invested in a selection of FinTechs, having supported contract management company Icertis’ $50m Series D and SME loan provider Capital Match’s undisclosed round.
The fundraise comes as investments in the FinTech sector continue to grow, with?last year seeing the third consecutive year for a rise in funding. Last year, a total of $38.9bn was deployed to FinTechs around the world, which is almost double the amount invested in 2014.
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