Fiat Ventures combines venture and advisory divisions into new brand, raises $35M Fund II
Fiat Ventures on Tuesday said it is combining its growth consultancy and venture divisions under a new brand, FGV Capital, alongside the launch of its second fund, a $35 million vehicle. The fintech-focused firm’s general partners, Marcos Fernandez and Drew Glover, told TechCrunch that the decision to combine the businesses was to help founders, whether part of the firm’s portfolio or otherwise, with their go-to-market strategies.
Why It Matters
This story touches on venture, fund, fiat — topics readers are actively tracking. Review and add editorial context before publishing.
Key Facts
- Fact 1: Fiat Ventures on Tuesday said it is combining its growth consultancy and venture divisions under a new brand, FGV Capital, alongside the launch of its second fund, a $35 million vehicle.
- Fact 2: It took FGV about 18 months to raise this new fund, and the duo said they sought a mix of LPs who “could do more than provide capital,” such as offering business guidance to its portfolio companies.
- Fact 3: The different parts of the ecosystem can create value for one another while still operating independently.” The fund will cut checks worth $1 million to $1.5 million into at least 25 companies (it’s already backed 13 so far) over two years.
- Fact 4: The firm previously raised a $25 million first fund.
Fiat Ventures on Tuesday said it is combining its growth consultancy and venture divisions under a new brand, FGV Capital, alongside the launch of its second fund, a $35 million vehicle. The fintech-focused firm’s general partners, Marcos Fernandez and Drew Glover, told TechCrunch that the decision to combine the businesses was to help founders, whether part of the firm’s portfolio or otherwise, with their go-to-market strategies.
Operating under the Fiat Growth moniker, the consultancy business previously offered startups help with scaling, businesses and go-to-market strategies. It also provided clients access to its network of industry executives — and that overlap is where Fernandez and Glover see potential for more exposure and growth. Glover said combining the growth consultancy with the venture firm has already helped them win spots on startups’ cap tables because founders realize they could access the advisory network, too, if they take money from FGV.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: TechCrunch
Related Stories
X sends cease-and-desist to open-source project Nitter over alleged scraping
The Witcher 3 is getting a remaster
At just $8, you owe it to yourself to grab Inscryption
