Exor Seeds pulls in up to $75m for new fund

Amsterdam-based investors Exor Seeds has pulled in at least $75m for its new venture capital fund.

The vehicle, Exor Seeds, has registered commitments from two investors, a new US SEC filing states. While $75m is also set as the fund’s target, it is not made clear whether the fund has closed or if this is its hard cap.

Exor Seeds is the early-stage focused investor of Exor N.V., which looks to back entrepreneurs across all industries and geographies. The firm is a fifth-generation family-led business that looks to invest into companies over the long-term.

Over the years Exor Seeds has backed a number of FinTech companies including insurance policy comparison app Cover. Users can find the best insurance rates in the market by just taking an image of the product to be covered. Auto, homeowner, renters, personal property, pets, commercial, phone, electronics and jewellery insurance can be covered through the app.

Brex, a corporate card provider, is also one of the businesses in the firm’s portfolio. The company offers businesses with a series of corporate cards for their employees which have individual spending limits, receipt capturing, virtual card access and tracked expenses, among other services.

Other FinTechs in Exor Seeds portfolio include health insurance platform LifeCo, virtual card startup Privacy and personal finance solution for the elderly True Link Financial.

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