Clocktower Technology Ventures, a Santa Monica, CA-based venture capital investment arm within Clocktower Group, has launched its first venture capital fund dedicated to financial services innovation in Latin America.
The firm has already held a first closing and is targeting a $25M strategy. Key investors include institutions such as Hirtle Callaghan, an outsourced investment office for families and institutions that manages approximately $18 billion, along with hedge fund CIOs such as Alan Howard, Philippe Jabre, Glen Kacher and John Burbank’s Passport Foundation.
The fund has already made 4 undisclosed investments.
Launched in 2015, Clocktower Technology Ventures is the venture capital investment arm within Clocktower Group, an alternative asset management platform that partners with a select group of globally significant allocators to seed and invest in hedge funds across macro and onshore China focused strategies. The firm’s global fintech venture platform has supported financial services innovation in sectors such as insurance, payments, personal finance, lending and credit, asset management, real estate finance, and banking. Clocktower Technology Ventures’ expertise investing across financial services and its relationship ecosystem of global institutional allocators, policymakers, and hedge fund managers have created a community that offers a distinct value-add to portfolio companies. CTV’s Latin America fund will invest opportunistically across the spectrum of financial services in the region.
Since launching, Clocktower Technology Ventures has invested in 96 fintech companies in North America, Europe, and Latin America. In the LatAm region, the firm has made investments through its second flagship fund such as Flink (a neobank, commission free trading platform), Habi (an iBuyer and listing service), Kushki (a digital payments processor) and ontop (an automated taxes, payroll, onboarding service for employers).