SV Tech Ventures raises up to $23m for its third fund, so far

SV Tech Ventures has pulled in up to $23m in the fundraise for its third venture capital fund, moving closer to its $100m target.

The firm, which is based in Silicon Valley, has received contributions from 19 separate investors, so far, according to the latest US Securities and Exchange Commission Filing. There is a minimum investment to the vehicle of $1m.

It is unclear whether the $100m figure stated in the document is a target or a hardcap.

SV Tech backs technology-powered companies in a variety of industries including software, healthcare, and hardware.

The venture capital investor has backed a number of FinTechs across its previous funds. Its portfolio includes identity operating system for KYC/ AML and anti-fraud alloy, anti-fraud system for card payments Priv8Pay, and security solutions for email-based fraud ZapFraud.

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