Tel Aviv, Israel-based tech venture capital firm Viola has held the initial closing $100m for a new global FinTech fund.
Viola FinTech, which has a final target fixed at $120-$150m, is backed by global banks, insurance companies and asset managers from North America, Europe, APAC and Israel, including Scotiabank, The Travelers Companies, Inc and Bank Hapoalim.
The cross-stage venture fund invests globally in FinTech companies alongside venture investors with the mission to bridge the gap between the worlds of financial institutions and innovative startups. The team works closely with its investors to accelerate Fintegration (the implementation and adaption of innovative solutions by financial institutions) and to guide startups in the regulatory and corporate environment.
The team is led by:
– Prof. Daniel Tsiddon, Founder and General Partner;
– Tomer Michaeli, General Partner, and
– Avi Zeevi, Co-Founder of Viola Grop and Chairman of the FinTech fund Investment Committee.