FGV Capital closes $35M Fund II, already half-deployed across 13 fintech startups

FGV Capital closed a $35M second fund targeting fintech's intersection with AI, healthcare, and commerce. The fund writes $1M–$1.5M checks into at least 25 companies over two years; 13 are already backed and roughly half the capital is committed. LPs include Bank of America, MassMutual, and Reinsurance Group of America — institutions aligned with the fund's sector thesis.