Arbor Ventures, funder of fintech and buying startups like installment mortgage firm Tabby and Amazon model manufacturing unit Heyday, has locked down $193 million in direction of its largest fund thus far, TechCrunch has discovered.
The Singapore-based VC focuses on early-stage monetary tech startups, however it operates with a reasonably expansive view of what constitutes fintech; its portfolio contains startups engaged on AI, healthcare, crypto and (in fact) a number of buy now, pay later schemes. Arbor goals to lift almost $107 million extra for its third core fund, which might attain a complete of $300 million, per a regulatory filing with the Securities and Alternate Fee.
Although headquartered in Southeast Asia, Arbor backs startups throughout, with traders based mostly in hubs equivalent to New York, San Francisco and Tokyo. The agency has made at the very least 70 investments thus far and has greater than a dozen exits below its belt, per Pitchbook.
Arbor didn’t reply to requests for touch upon its plans for the cash, however its offers over the previous yr appear as diversified as ever; they span wholesale buying web site Ralali, AI insurance coverage information agency Planck and HR startup HiBob.
Different fintech traders to make headlines currently embrace New York’s Kli Capital, which is elevating a $50 million third fund, and Jakarta, Indonesia-based AC Ventures, which is focusing on $250 million for its fifth fund.
Singapore’s Arbor Ventures notches $193M towards next early-stage fintech fund by Harri Weber initially printed on TechCrunch