Atlanta-based TTV Capital, an early-stage fintech venture capital firm, has successfully closed its sixth fund at $250 million, marking the largest fundraising effort since the firm’s inception over two decades ago.
Originally aiming for $150 million, the fundraising surpassed expectations amid a downturn in the fintech sector, ultimately being oversubscribed by $100 million.
“Fund VI represents an inflection point for all of us at TTV Capital,” said Gardiner Garrard, Co-founder and Managing Partner at TTV Capital. “Twenty-three years ago, we took an early bet on how the technology behind financial services would evolve. At that time, we didn’t call it ‘fintech’ – we began investing in applications emerging on the internet. We recognized the digital transformation underway and knew we wanted to be a part of it. Now, as we look forward, our commitment remains strong in identifying the next generation of enduring businesses that will shape the future of finance.”
In 2022 alone, TTV Capital invested in 18 early-stage fintech companies across various sectors, including payments, banking, investing, cybersecurity, Web3, and embedded finance, with average initial check sizes ranging from $2 million to $7 million. The firm also operates an exploratory fund for investments starting at $250,000.
To date, TTV Capital’s portfolio includes more than 100 financial technology companies, seven of which have achieved unicorn status.