Launched in 2014, Nyca Partners is a venture capital investor supporting FinTech startups. It just announced the closure of a $210m fund to keep doing so.
This is the firm’s third fund. Nyca Partners raised its first one in 2014. It was worth $30m. The second was raised in 2016 and totalled $140m.
Nyca Partners used the previous rounds to support FinTech startups like Bitcoin stock investor Abra, product support platform Boomtown and home-buying PropTech Ribbon. FinTech Global previously wrote about how Nyca Partners led Fluidty’s, the cashflow management software enterprise, $5m round back in November 2018. We also covered how the firm led Ethic’s, an asset management platform, $13m Series A round back in July 2019.
The VC firm is backed by several of the big names in tech. For instance, it counts the former head of Goolge Wallet Osama Bedier, the chairman of alternative investments of Credit Suisse Brian Finn and Microsoft’s former head of corporate strategy Charlie Songhurst among its investment partners.
Moreover, Nyca Partners has an impressive collection of names among its LP advisors. This part of the network includes people from the US Treasury, Stanford, JPMorgan, Wells Fargo, Morgan Stanley, Silicon Valley Bank and Citi.
FinTech Global first reported on Nyca Partners third fund back in August 2018. At that stage the VC firm had already raised $129m and said it was aiming to close at least $200m in the end.
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