Vesey Ventures launches $78 million debut fund, eyes Israel as critical market
Former AMEX Ventures Managing Directors launch fund to invest in early-stage fintech companies
Vesey Ventures, an early stage venture firm that invests in fintech companies, announced on Thursday the close of its debut fund totaling $78 million. Vesey Ventures was founded by three former Managing Directors at AMEX Ventures, Dana Eli-Lorch, Lindsay Fitzgerald and Julia Huang, and will invest in early-stage fintech and enabling technology companies.
Based in the United States and Israel, the fund has already made several notable investments including Israeli startups Cyrus and Grain, as well as Coast, Equi and Proper.
Vesey said that Israel serves as a critical market for a number of its focus areas, including early-stage fintech, enterprise software, cybersecurity and data and AI. The team previously invested in a number of Israeli companies including BioCatch, Melio, and Next Insurance.
“Financial incumbents still own the crucial pieces startups need to succeed - infrastructure, capital, licenses and customers - and we’ve seen firsthand how the most successful fintech companies were built in partnership with incumbents,” said Founding Partners Dana Eli-Lorch, Lindsay Fitzgerald and Julia Huang. “We created Vesey Ventures to give our portfolio companies a competitive edge early on by bridging the gap between the companies in need of new technologies and those building them. Partnerships can be a game-changing part of a fintech company’s growth story and we have an unparalleled track record of delivering these for our founders.”
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With nearly a decade of experience investing together and establishing partnerships for fintech companies, Eli-Lorch, Fitzgerald and Huang have a track record of investing in fintech companies like Melio, Plaid, Stripe, and Trulioo and have established more than 100 partnerships between startups and financial services institutions.
