Centana Growth Partners, a Palo Alto and New York-based specialized growth equity firm focused on the future of financial services, closed its second fund, Centana Growth Partners II, L.P., at $375m.
Fund II, the successor to the firm’s debut fund, a 2015 vintage fund with $250m in commitments, is expected to invest between $5 million to $30 million in each company.
Led by Steven Swain, Eric Byunn and Ben Cukier, Centana identifies and partners with financial services, fintech, and related enterprise technology companies that are solving sophisticated problems for and generating real value in the financial services industry.
The firm will continue to invest in its core sectors and verticals—including asset management, insurance, banking, digital identity, wealth management, payments, capital markets, and enterprise technologies that sell into these verticals—and will seek out portfolio companies that have a proven business model, a maturing revenue and customer base, and a talented management team who values a collaborative approach to drive their business forward.
Centana Growth Partners currently holds investments in nine portfolio companies. Earlier this year, Centana led the $19 million Series B funding round for Ease, a SaaS insurance platform for SMBs and participated in a follow-on $115 million funding round for Vena Solutions, a provider of cloud-based financial planning and analysis (FP&A) software.