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22
Jul

Green Bay Ventures pulls in up to $46.1m for new growth fund

Green Bay Ventures has pulled in up to $46.1m for its latest growth fund, RegTech Analyst can reveal.

The San Francisco-based venture firm has received support from 22 investors so far, according to a new US SEC filing. It is not clear who the backers are.

No target has been disclosed for the vehicle, so it is unclear whether the firm is still seeking additional funds.

Founded in 2012, the firm targets early-stage venture capital deals worldwide. Green Bay Ventures is backed by ‘prominent families, top-tier venture capital investors, entrepreneurs and Silicon Valley CEOs’, it claims.

The firm has invested into a number of FinTech and RegTech platforms since its launch. Earlier in the year, it participated in the $250m Series E round of unified analytics platform Databricks. The company, which is valued at $2.75bn, nurtures collaboration between data science and data engineering teams to build data products.

TransferWise, a payments remittance company, is also a portfolio company of Green Bay. The FinTech recently reached a company valuation of $3.5bn following the close of a $292m secondary investment from Virtuvian Partners, Lead Edge Capital, and Lone Pine Capital, among other investors.

Other companies in Green Bay’s portfolio include electronic signature solution DocuSign, digital HR, payroll and benefits app Zenefits, and cybersecurity solution AnchorFree.

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