TTV Capital, an Atlanta, GA-based fintech venture capital firm, held the second close of its fund IV, at approx. $68.1m.
According to a regulatory form filed with the SEC, the final target for TTV Fund IV, L.P. is fixed at $100m. 44 unnamed backers have participated in the offering to date.
Founded in 2000 and led by Gardiner Garrard III, Sean Banks, Mark Johnson, and Thomas Smith, Jr., TTV Capital invests in technology-enabled financial services businesses with disruptive technologies, software-as-a-service solutions or cloud applications in such fields as banking, payments, capital markets, data analytics and security.
The firm has been among the first ones to invest in companies that establish new industry segments such as pre-paid cards, payroll automation for SMBs, ACH payment automation, and POS 2.0.
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.