Canapi Ventures back in the market for successor to $545m maiden fund | AltAssets Private Equity News
Summary
The firm did not disclose the target for Fund II in a filing it submitted to the US SEC, but the document says it intends to complete the fundraise within 12 months. Never miss a story – click to sign up to AltAssets’ free daily PE newsletter The firm closed Fund I on $545m in 2020. The fund attracted investors including The American Bankers Association, the Independent Community Bankers Association and Canapi Alliance which is made up of more than 35 banks and strategic investors. We believe many of these solutions have to come from early stage companies and that is why we launched Canapi Ventures. “The best early stage company founders seek investment partners who not only provide capital but possess deep domain expertise and an ability to help fintech companies tangibly grow revenue and customers.