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Financial Venture Studio closes Fund II at $40m

Financial Venture Studio, a venture capital fund focused on early-stage fintech startups in the US, has held the final close of its second fund with approximately $40 million in commitments from an array of institutional investors, including banks and insurance companies, as well as pension funds, and global fund-of-funds.

Financial Venture Studio, a venture capital fund focused on early-stage fintech startups in the US, has held the final close of its second fund with approximately $40 million in commitments from an array of institutional investors, including banks and insurance companies, as well as pension funds, and global fund-of-funds.

Financial Venture Studio invests in teams that it believes can improve the way that Americans conduct their financial lives. Since launching Fund I in 2019, the firm has invested in 50 companies with six exits; has backed fintech giants Dave, Point, Propel, and Flex; and has demonstrated a 94% success rate in helping portfolio companies raise follow-on capital from notable venture firms including Andreessen Horowitz, Index, Kleiner Perkins, QED, Tiger Global and others.

The firm was founded in 2018 by Ryan Falvey and Tyler Griffin, who had been investing together since 2016. Falvey has previously worked with fintech companies in nearly 50 countries and started the $25 million investment program at the Financial Solutions Lab with the financial backing of JPMorgan Chase. Griffin had previously founded payments company Prism Money, which he sold to PayNearMe. Earlier this year, they brought on former Azlo Founder and Fortune 40-under-40 alumna, Cameron Peake as a partner.

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