Fintop Capital, a Nashville, Tenn.-based venture capital firm focused on B2B SaaS (software as a service) companies in the Financial Technology (FinTech) space, closed FINTOP Fund II, at $126m.
FINTOP Fund II is already active with six major investments including Trovata, Vouchr, myDigitalOffice, FinMkt, Digital Onboarding and Decusoft.
Led by Joe Maxwell, managing partner, Fintop Capital is a venture capital firm focused on providing networks, experience and capital to entrepreneurs building B2B service-enabled SaaS and software companies in the FinTech space.
The firm has offices in Nashville, Tenn., St. Louis, Mo., and New Jersey.
The new fund is built on the previous 2016 Fund, with nearly 80% of the limited partners (LPs) from Fund I joining Fund II. The $50m Fund I made 13 investments, and two of those companies have already been sold—DealCloud to Intapp in 2018, and Solovis to Nasdaq in March of this year.