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

FGV Capital closed a $35M second fund focused on fintech's overlap with AI, healthcare, and commerce. It 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 matching the fund's sector focus.