FTVentures raises $465 million for fund

FTVentures, The San Francisco and New York venture capital firm that invests in companies serving the financial industry, has raised $465 million of a planned $600 million fund, according to SEC regulatory documents.

However, we’re hearing the firm may not be able to raise the total $600 million, and that is why partner Mark Lotke, a software specialist, has left. FT Ventures could not be immediately reached for comment.

The firm said Eric Byunn will now handle those investments.

Investors in the new fund so far include Liberty Mutual and RHM Pension Trust.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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