TTV Capital, an Atlanta, GA-based fintech venture capital firm, held the first close of its fund IV, at approx. $59m.
According to a regulatory form filed with the SEC, the final target for TTV Fund IV, L.P. is fixed at $100m. 41 unnamed backers have participated in the offering to date.
The document lists Gardiner Garrard III, Sean Banks, Mark Johnson, and Thomas Smith, Jr. as people related to the raise.
TTV Capital invests in technology-enabled financial services businesses with disruptive technologies, software-as-a-service solutions or cloud applications that have scalable business models and growth opportunities.
Portfolio companies include 3V, ALI Solutions, Apruve, Bill.com, BitPay, Bluepoint, Cardlytics, Connecture, ControlScan, CRESecure, DefenseStorm, eWise, Exactuals, Featurespace, FinanceIt, Ftrans, FXBridge, Green Dot, Interactive Advisory Software, IP Commerce, KnowledgeStorm, Lendkey, Magnet Communications, MicroBilt, moneydesktop, Neovest, PayCycle, PayGo, ShopKeep, Silverpop, Silversky, SmartAsset and Springbot.