Vestigo Ventures, a Cambridge, MA-based venture capital firm, has launched to fund early-stage companies offering innovations in financial technology services.
Supported by an advisory board of recognized entrepreneurial, asset management, insurance, and behavioral finance professionals and led by managing director Ian Sheridan (former executive vice president of SunGard Financial Systems), chief financial officer Tim Cunningham (former senior vice president & CFO of DialogTech), the firm invests in companies in four core strategic categories of financial service:
1. Market Structures (e.g., financial markets, risk analysis, trading)
2. Operations Investments (e.g., front, middle, and back office, block chain)
3. Worksite Management (e.g., companies and the gig economy)
4. Personal Wealth (e.g., investment products, financial planning, behavioral finance)
The initial fund, the Vestigo Ventures Fund One, will be the first in a planned series of funds with a targeted size of $50m to $75m per fund. Each fund is expected to invest in 15 to 20 companies.