Amino Capital raises up to $20m for Fund III

California-based seed to growth stage investor Amino Capital has raised up to $20m for its third fund, so far.

Amino Capital III is looking to raise at least $100m, but it is unclear whether this figure is a target or hardcap, according to the latest US SEC filing.

The firm raised a fifth of its goal through contributions of 18 investors, the filing states.

Its predecessor closed on $50m in 2016, with a focus on AI and data-driven ventures, and expanded its investments from seed stage to also include Series A and B. Amino’s debut vehicle closed in 2012, and completed 39 transactions spanning seed and pre-A rounds.

Founded in 2012, Amino has backed over 100 companies across the big data, machine learning, domain agnostic and decentralised data infrastructure sectors. The firm has also been a big investor into the cryptocurrency and blockchain technology markets.

Since the firm launched, it has been a keen investor into the FinTech space. The firm has previously invested into the US challenger Bank Chime, which offers consumers with automatic saving tools, mobile banking services and the ability to receive paychecks early. The company recently closed its Series C round on $70m, bringing its total funding efforts to $100m.

Other FinTechs in its current portfolio include asset tokenisation platform TrustToken, decentralised e-commerce application ApoloX and blockchain technology developer.

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