TTV Capital has held the final close of TTV Fund IV at USD93 million, well over two times the size of Fund III.
TTV added several new limited partners, including a sovereign wealth fund, endowments, foundations, family offices, Invest Georgia, and strategic investors.
“The TTV team is thrilled to have Fund IV fund raising wrapped up so we can focus all of our attention on building out the rest of the portfolio and helping all of our companies achieve notable revenue growth and scale,” says Gardiner Garrard, co-founder and a managing partner of TTV.
To date the fund has invested in early stage rounds of six fintech companies – Apruve, Blooom, DefenseStorm, Featurespace, Gro, and SmartAsset. All of the companies are capitalising on one or more themes for TTV – democratising enterprise functionality, leveraging modern technology infrastructure, modernising an existing industry, and/or creating a hybrid solution at the intersection of different industries. All of the companies provide either a SaaS solution to underserved markets, or an enterprise solution, and all of the companies have revenue and customers.
“Right now the deal flow we are seeing is extraordinary. Because of our team’s experience we can quickly sort through what’s been tried over the past 17 years and has not worked,” says Sean Banks, partner of TTV. “This allows us to efficiently focus on what we believe are the most compelling and lucrative opportunities.”
