RHC REPORT HIGHLIGHT
Nyca Partners, a firm with investments in financial technology businesses including PayRange, Trellis, Affirm and Acorns, has collected another $210 million for its third venture capital fund.
Located in New York, Nyca’s debut fund closed on $31 million in 2014. Its second fund, a similarly focused fintech effort, raised $125 million in 2017.
Venture capital investment in fintech is poised to reach new heights in 2019, according to PitchBook. So far this year, investors have bet $8.6 billion on U.S.-based fintech upstarts. Last year, investment in the space reached an all-time high of more than $12 billion, with Robinhood, Coinbase and Plaid all raising multi-hundred-million-dollar rounds.
Read more: https://forecastwire.com/2019/08/02/nyca-partners-raises-210m-to-invest-in-fintech-startups/
RHC PIPELINE REPORT
- Cocoon Capital, a Singapore-based early-stage venture capital firm, closed its second fund, at USD 22m
- Silver Oak Services Partners, an Evanston, IL-based lower-middle market private equity firm, completed the fundraising for Silver Oak Services Partners Fund IV, L.P., at $500m
- CerraCap Ventures, a Costa Mesa, Calif.-based an early stage venture capital firm, received an investment from Mexico Ventures into CerraCap II, LP.
- PowerPlant Ventures, a Los Angeles-based venture capital firm investing in plant-based food and beverage, foodservice and food-tech companies, such as Beyond Meat [BYND], closed its second fund, at $165m
- Hamilton Lane (NASDAQ: HLNE), a Bala Cynwyd, Penn. – based alternative investment management firm, closed Hamilton Lane Strategic Opportunities Fund V, with more than $760m in commitments
- Nyca Partners, a NYC-based fintech focused venture capital firm, closed its third fund, at $210M
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