Flybridge eyes up to $75m for Fund V

Flybridge Capital Partners, a seed and early-stage venture capital firm, is looking to raise $75m for its latest fund.

With offices in Boston and New York, Flybridge is yet to raise any capital for vehicle, which is seeking up to $75m according to a filing with the US Securities and Exchange Commission. It is unclear if the total offering amount is a target or a hard cap.

The fund comes four years after Flybridge set out to raised $125m for its fourth fund, according to a regulatory filing. It previously had begun the fundraising with a $200 million target back in 2012. However, it is unclear how much the vehicle closed on.

With $625m under management across four funds, Flybridge focuses on software and next generation hardware markets.

Its portfolio includes Precognitive, a Chicago-based company which helps organisations fight online fraud and protect their customer accounts. With big banks losing billions of dollars because of fraudulent activity, Precognitive’s fraud prevention platform provides a multidimensional solution that combines device intelligence, advanced behavioural analytics, and machine learning.

Flybridge has also previously backed Valimail, which allows clients to take full control of their e-mail services, offering protection against modern phishing attacks, visibility into cloud-based email issues, and improved email deliverability. Its Email Authentication as a ServiceTM (EaaS) offering requires no software installation nor consumer behavioural changes, and covers 2.7 billion consumer mailboxes globally.

In the FinTech space, Flyrbidge’s portfolio also includes tuition-based payments company Plastiq, B2B credit management company BlueTarp Financial, and Brazilian e-commerce software and services platform Infracommerce.

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