Vesey
Ventures, a VC firm launched by three former managing directors of Amex
Ventures, held the final close of its debut fund at $78M.
The fund intends to back seed to Series B stage fintech startups that
are "transforming financial services," such as vertical software,
embedded fintech, future of commerce, infrastructure, cybersecurity, and
risk and compliance organizations.
- Vesey
will write initial checks ranging from $1.5M to $3M, with additional
capital set aside from the fund for follow-on rounds.
- In addition to the fund, the firm will leverage its network to support the firm as its business development team.
- The firm has already backed five startups from the debut fund, namely Coast, Cyrus, Grain, Equi, and Proper.
- Seven prominent financial institutions contributed capital to the fund as limited partners.
