A Capital Group, a venture capital firm focused on financial technology, has completed five fintech investments over the past 12 months, including Credit Sesame, Crown Global Insurance, Marqeta, LiftForward, and a yet to be announced fifth company.
The firm has also reached major milestones in three existing portfolio companies: Financeit, TIO Networks Corp., and Homeowners of America Holding Corp. IA Capital manages the Inter-Atlantic funds which are comprised of both traditional multi-LP funds and strategically-targeted single-LP vehicles on behalf of major institutional investors.
IA Capital led the financing round in each of the new investments. A representative of IA Capital or its investors serves on the board of directors of each company. The investments were completed on behalf of either a New York-based insurance company or a single-LP fund managed for a top U.S. life insurer. The single-LP fund, a strategically targeted fund called Inter-Atlantic G Fund LP, was launched in February 2016.
Andrew Lerner, IA Capital's Managing Partner, says "Fintech is attracting top talent like never before. As a result, the quality of the fintech companies we are seeing is better than at any time in our firm's 24-year history. Our institutional investors recognise the opportunity and are helping us accelerate our investment activity."
