Fiat Ventures Combines Venture and Advisory Divisions, Launches $35M Fund II
Fiat Ventures has rebranded its venture and growth consultancy divisions under FGV Capital with the launch of a new $35 million fund. The fintech-focused firm aims to provide startups—both within and outside its portfolio—with go-to-market strategies through this integrated model. General partners Marcos Fernandez and Drew Glover emphasized that while the two arms will remain separate, they aim to enhance investment decisions by leveraging advisory insights. The second fund focuses on fintech intersections with AI, healthcare, commerce, and other industries. FGV spent 18 months raising capital from LPs like Reinsurance Group of America, MassMutual, and Bank of America—entities that offer more than just financial support. The firm also plans to help portfolio companies scale while connecting its LPs with advisory clients for potential partnerships. FGV will invest $1 million to $1.5 million in at least 25 startups over two years, having already backed 13 so far. This follows a previously raised $25 million first fund and the backing of around 40 companies overall.
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Topics: consulting integration fintech fund launch venture capital