EJF Capital (EJF), a global alternative asset management firm, has held the successful closing of the EJF Ventures Fund LP with approximately $104m in capital commitments. The fund received support from both new and existing EJF investors.
EJF Ventures seeks to invest in early-stage financial technology companies developing products poised for broad adoption across the financial services industry, with a particular emphasis on blockchain infrastructure, bank technology, and wealth management and capital markets software.
According to a statement, the fund provides strategic guidance and capital to entrepreneurial start-ups focused on innovative solutions across real-time payments, data analytics and harmonisation, risk management, customer acquisition, and other mission critical functions within financial institutions.
The fund has global remit, with international efforts led by London-based EJF Ventures Partner Michael Cherepnin. Since its inception in January 2022, the fund has invested in twelve early-stage companies in the US, UK, and Israel operating across financial services sub-sectors including payments infrastructure, enterprise risk management, capital markets access, small business lending, and consumer financial services.
