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18 VC Firms To Consider If You Are A FinTech Startup Raising Money

Prosper MarketplaceEmail Marketing Manager

Accel Partners

AccelPartnersLocation: California (Silicon Valley), New York, London, India (Bangalore)

Portfolio of Payment Companies: Circle, Card Spring, Gumroad, Clinkle, Lenddo, Braintree, Nomi, Yodlee

In their own words:

“Accel Partners has been committed to helping exceptional entrepreneurs build lasting, category-defining technology companies since 1983. Utilizing a focused, “prepared mind” approach to investing, we partner with businesses that show potential for significant long-term success in specific sectors. Emphasizing synergy in our portfolio enables us to offer the advantages of a cohesive, cooperative Accel community, including access to an extensive network of past and present entrepreneurs.”

Stage/Size of Investments: Accel invests in companies from their genesis to growth. Its funding rounds include seed, early stage venture and later stage venture.

Segments: The fund focuses on investing in technology companies and in areas like infrastructure, internet and consumer services, mobile, software and cloud-enabled services.

Acquiline Capital Partnersaquiline-logo-400x100

Location: New York

Portfolio of Payment Companies: Clear2Pay, BI-SAM Technologies, HedgeServ Holdings

In their own words:

“Aquiline Capital Partners invests in businesses in which it can drive value and growth through strategic, operational, and financial guidance. Aquiline has the expertise and experience to identify, create, and capitalize on opportunities in various market conditions and seeks to make investments that others cannot easily duplicate. We have experience in start-up, growth capital, buyout, and turnaround investments. The financial services sector represents a large and vital segment of the world economy. The sector is characterized by cyclicality, changing and growing business and consumer demand for products and services, and constantly evolving regulation, creating a steady flow of investment opportunities.”

Stage/Size of Investments: Acquiline invests in startups and has been involved in growth capital, buyouts, and turnaround investments.

Segments: The fund focuses on investing in financial services and in areas like banking and credit, FinTech, insurance services and investment management.

Kleiner Perkins CaufieldKPCB

Location: California (San Francisco & Menlo Park), China (Shanghai & Beijing)

Portfolio of Payment Companies: Square, Shopkick, LendingClub, ZenPayroll

In their own words:

“Kleiner Perkins Caufield & Byers (KPCB) partners with the brightest entrepreneurs to turn disruptive ideas into world-changing businesses. The firm has helped build pioneering companies like Amazon, Electronic Arts, Genentech, Google, Nest, Netscape, and Twitter. KPCB offers entrepreneurs years of operating experience, puts them at the center of a vast and influential network, and accelerates their success through expertise and support in recruiting, product design and delivery, business development, strategic partnerships and brand building. KPCB invests in all stages from seed and incubation to growth companies.”

Stage/Size of Investments: KPC is primarily known to invest in early-stage ventures. It invests in incubation, seed stage, early stage venture, later stage venture, growth capital and expansion companies.

Segments: The fund focuses on investing in technology companies and in areas like consumer digital, enterprise digital, biotechnology, life sciences, digital health and sustainability.

Crunchfundcrunchfund

Location: California (San Francisco)

Portfolio of Payment Companies: Square, Gumroad, Lend Street Financial

Stage/Size of investments: Crunchfund invests in seed stage, early stage ventures andlater stage ventures. It is also involved in debt financing investments.

Segments:  The fund focuses on investing in segments like mobile, curated web, software, bitcoin, information security, enterprise and SaaS.

Sequoia Capitalsequoiacapital

Location: US, China, Israel, India

Portfolio of Payment Companies: Stripe, Square, Citrus Pay, Prizm Payment

In their own words:

“The creative spirits. The underdogs. The resolute. The determined. The indefatigable. The defiant. The outsiders. The independent thinkers. The fighters. The true believers. These are the people who have imagined, started, organized and built Sequoia-backed companies that collectively are now worth over 20% of the total value of the NASDAQ stock exchange. These are the kind of people we work with today. They are extremely rare. We’re ecstatic when they choose Sequoia Capital as their business partner.”

Stage/Size of Investments: Sequoia is primarily known to invest in seed stage, early stage and growth stage companies.

Segments: The fund focuses on investing in segments like energy, financial, healthcare, internet, mobile and technology across the US, China, India and Israel.

Tiger Technology Global tiger_technology

Location: New York

Portfolio of Payment Companies: Square

In their own words:

“Tiger Global is a fundamentally-oriented, global investment firm. The Firm deploys capital in two businesses – private equity partnerships and public equity funds. Tiger Global’s private equity partnerships have ten-year horizons and invest in growth companies in the global Internet and technology sectors. The Firm’s public equity funds focus on long-term trends in the technology, telecom, media, retail and consumer sectors.”

Stage/Size of Investments: Tiger Global is a Hedge Fund that invests in early stage ventures and later stage ventures.

Segment: The fund focuses on areas like social media, mobile payments and mobile in general.

Andreessen Horowitz Andreessen_Horowitz_logo

Location: California (Menlo Park)

Portfolio of Payment Companies: Jumio, Belly, Earnest, TransferWise, Coinbase, Balanced, PayTango

Stage/Size of Investments: Andreessen Horowitz invests in every stage from seed to growth.

Segment: It focuses on investing in areas like enterprise software, software in general and mobile.

Chestnut Hill Ventures

Location: Massachusetts, US

Portfolio of Payment Companies: Affinity Solutions

In their own words:

“The firm considers investments in the following sectors: consumer products, business services, financial services, media and entertainment, and telecommunications.”

Stage/Size of investments: Chestnut Hill specializes in private equity investments.

Segments: The fund focuses on investments in areas like consumer products, business services, financial services, media and entertainment, and telecommunications

First Eastern Investment Group

Location: Hong Kong, China (Shanghai & Beijing)

Portfolio of Payment Companies: Monitise, Tamoco

In their own words:

“First Eastern Investment Group is the venture capital and private equity firm specializing in expansion stage. The firm seeks to invest in manufacturing, construction, financial and real estate industries. It prefers to invest in China, Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan, and Thailand. The firm typically invests between $1 and $10 million and a minimum annual sale of $12 million is required for all portfolio companies. It also looks for a seat on the Board of Directors and a minor stake in the portfolio company.”

Stage/Size of Investments: First Eastern is a private equity and venture capital firm that specializes in expansion stage companies. The firm typically invests between $1 million and $10 million in its portfolio companies. It also invests in companies with a minimum annual sale of $12 million.

Segments: The fund focuses on investments in areas like manufacturing, construction, infrastructure, financial and real estate industries, preferably in Asian markets. It is also known to make real estate investments in overseas hotels catering to Chinese tourists.

Index VenturesIndex Ventures

Location: London, San Francisco, Geneva, Jersey

Portfolio of Payment Companies: iZettle, Clinkle, TransferWise, Funding Circle, Xapo, Swipely, BitPay, iZettle, CrowdRise, Funding Circle

In their own words:

“We back the best and most ambitious entrepreneurs and help them make their ideas real and lasting. The entrepreneurs we team up with were born to build their businesses — it is their life’s mission. Working side-by-side with these visionaries makes us incredibly optimistic about the future. The transformative companies they’re building, include: Dropbox, Etsy, Sonos, SoundCloud, Flipboard, King, BlaBlaCar, Squarespace, Just Eat, Lookout, Hortonworks, Nasty Gal, Pure Storage, Supercell, Criteo, Funding Circle and many others.”

Stage/Size of Investments: Index invests in various multiple stages including seed, early stage venture, later stage venture and private equity investments.

Segments: The fund primarily focuses on investments in information technology and life sciences companies.

Khosla Ventures: khosla-ventures

Location: California (Menlo Park)

Portfolio of Payment Companies: Plastiq, Affirm, BillGuard, BlockScore, BlockStream, Boku, Chain, Fundbox, Fundera, PayNearMe,  Square, Stripe

In their own words:

“At KV, we fundamentally like large problems that are amenable to technology solutions. We seek out unfair advantages: proprietary and protected technological advances, business model innovations, unique partnerships and top-notch teams.”

Stage/Size of Investments: Khosla Ventures is focused on early stage companies and it invests at multiple stages including seed, early stage venture, later stage venture, private equity, debt financing, and post IPO equity investments.

Segments: The fund invests in a broad range of industries like advertising, agriculture/food, big data, chemicals/fuels, consumer, education, efficiency, enterprise, financial services, health, materials, power, robotics, space, storage, transportation.

Ribbit Capital RibbitCapital1

Location: California (Palo Alto)

Portfolio of Payment Companies: ZenPayroll, Coinbase, BTCjam, Invoice2go, Funding Circle, Xapo, Credit Karma, Fuze Network, Borro

In their own words:

“Our goal isn’t just to write checks. It’s to deposit and grow ideas. We are deeply knowledgeable about the complexities of building financial businesses, and will share our experience with ambitious entrepreneurs. When they succeed, they will create the next JP Morgans, Citis and eTrades —tomorrow’s enduring brands.”

Stage/Size of Investments: Ribbit invests at multiple stages including seed, early stage venture, and later stage venture investments.

Segments: The fund invests in companies that revolve around industries like finance, financial services, fintech, SaaS, financial services related to lending, payments, insurance, accounting and tax.

Union Square Ventures Union Square Ventures

Location: New York

Portfolio of Payment Companies: Coinbase, Dwolla, Funding Circle, Auxmoney, CrowdRise, CircleUp, SigFig, Lending Club, Kickstarter

In their own words:

“We are a small collegial partnership that manages $1B across six funds. Our portfolio companies create services that have the potential to fundamentally transform important markets.”

Stage/Size of Investments: The fund’s investments are focused on early stage, growth capital, late stage, and startup financing.

Segments: AdTech, Creator Platforms, Data, Design, Dev Tools, Developer Tools, Drones, Education, Enterprise, Finance, Food, Games, Hardware, Health, Information, Labor, Local, Machine Learning, Manufacturing, Media, Mobile, Music, Networking, Philanthropy, Publishing, Science, Search, Security, Social, Sports, Transportation, Finance, Law.

Draper Fisher Jurvetson  Draper Fisher Jurvetson

Location: California (Menlo Park)

Portfolio of Payment Companies: Coinbase, Remitly, Coinplug, LendKey Technologies, Kout, Prosper, FundersClub, TrialPay

In their own words:

“We look to partner with exceptional entrepreneurs at the seed stage who are seeking up to $1M in initial funding. We like to be first at the table and we’re in it for the long term as you grow your team and scale your technology. Our investment size varies from $1M to $10M, and our typical investment is in the $3M to $5M range. DFJ Growth partners with companies raising $10M or more that are scaling revenues rapidly, addressing very large market opportunities, and poised for category leadership.”

Stage/Size of Investments: DFJ investments are focused on venture and growth capital and early and growth-stage companies.

Segments: The fund primarily invests in consumer, disruptive and enterprise focused companies in clean-tech and digital.

Flagship Ventures Flagship Ventures

Location: Boston

Portfolio of Payment Companies: PayClip, Coda Payments

In their own words:

“We will typically invest U.S. $100,000 to $500,000 in equity or quasi-equity instruments, depending on the circumstances. We welcome opportunities to co-invest with like-minded investors and bring others to the table, particularly for later-stage investment into portfolio companies.”

Stage/Size of Investments: The Venture Capital divison of Flagship Ventures invests in early stage and later stage ventures. Flagship Ventures’ initial investments generally range from $500,000 to $5 million. During a portfolio company’s lifecycle, it typically invests between $7 million to $15 million. It typically invests - $500,000 - $10 million in early stage investing.

Segments: The fund primarily invests in therapeutics, health technologies and sustainability.

500 Startups 500 Startups

Location: California (Silicon Valley & San Francisco), Mexico (Mexico City)

Portfolio of Payment Companies: PayClip, BTCjam, CoinPip, Coinding, Rover, Lendsquare, Lenda, PayByGroup, Coinalytics, Monetsu, GogoCoin, UniPay, StackCommerce

Stage/Size of Investments: 500 Startups focuses on all multi-stage investments including seed, early stage venture, and later stage venture investments.

Segments: The fund invests in areas like mobile, e-commerce, SaaS, bitcoin, transportation, ad tech, food tech, consumer commerce and online video.

Alta Ventures Alta Ventures

Location: Mexico

Portfolio of Payment Companies: PayClip, Kubo Financiero

In their own words:

“We take an active approach to investing in areas where the Alta team and network has domain experience. These areas include internet, SaaS computing, mobile computing, consumer, security, communications and health care. Our investments range from as little as $50,000 to as much as $5 or $10 million. Typically, we invest $2 to $3 million initially and expect to invest $5 to $10 million over the life of a company. We are long-term partners looking for innovative entrepreneurs with the same view.”

Stage/Size of Investments: Alta’s investments typically range between $50,000 and $10 million. They generally invest $2 to $3 million initially and $5 to $10 million over the life of a company. They focus on seed, venture and growth capital.

Segments: The fund focuses on investments in the areas of Internet, SaaS computing, mobile computing, consumer, security, communications and health care.

RRE Ventures  RRE Ventures

Location: New York, San Francisco

Portfolio of Payment Companies: AvantCredit, BitPay, Payfone, OnDeck

In their own words:

“We define the scope of our investment horizon as products or services enabled by information technology. This has historically included virtually all expressions of software and internet technology as well as hardware and technology-enabled services, with over sixty acquisitions and seventeen IPO’s to date. We invest across the United States and in select cases, overseas geographies. We view New York’s burgeoning innovation economy as critically important to the creation of the next wave of large technology companies. With over fifty portfolio companies based in the New York Metro region, we are among the area’s most active investors.”

Stage/Size of Investments: RRE primarily invests in early and mid-stage companies while remaining active throughout the growth life of a venture.

Segments: The fund invests in many segments like software and internet technology as well as hardware and technology-enabled services and cover a broad range of areas like Energy IT, Cloud Computing, Advertising Platforms, Mobile Commerce, Mobile Payments, Crowdsourcing, Business Intelligence, Data Security, Consumer Internet, Consumer Electronics, Internet of Things, Robotics, 3D Printing, Enterprise Hardware, Venture Capital and Financial Services.

Aboli Gangreddiwar

Prosper MarketplaceEmail Marketing Manager

Aboli is a marketing specialist and a FinTech analyst based in Charlotte, North Carolina. Her FinTech articles bring together her research skills and industry knowledge. Having been an observer of the technology space and the start-up ecosystem in the Silicon Valley for more than a year, she likes to analyze and write about exciting and innovative companies in the payments and commerce industry.

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