Investment firm FGV Capital raises $35M to back fintech startups, half already invested

FGV Capital raised $35M for its second fund, investing in startups that blend finance technology with AI, healthcare, and commerce. It plans to invest $1M–$1.5M each in at least 25 companies over two years; 13 are already backed and about half the money is spent. Backers include Bank of America, MassMutual, and Reinsurance Group of America.