Impression Ventures, a Toronto and Montreal, Canada-based venture capital firm, raised $64m for its fourth Fintech fund.
Impression Ventures IV LP was supported by both Bank of Montreal and CIBC, which both returned as Limited Partners. This latest close brings the fund’s committed capital near its $70 million maximum size.
Impression IV will invest in Seed stage firms in the US and Canada that are leveraging technology to disrupt and enhance the delivery of financial products and services. Impression’s Fintech investments span all sectors of financial services including wealth management, credit & lending, retail banking, capital markets, insurance, regulatory technology and payments.
Fund IV builds on the deep fintech experience, hands-on problem solving, and founder focus approach that is core to Impression Venture’s culture. The firm’s dedicated team includes deep technology, entrepreneurial and financial services expertise, which uniquely positions Impression Ventures to support its fintech focused portfolio companies in their growth and development.
Co-managed by entrepreneurs and Managing Partners Christian Lassonde and Maor Amar, Impression Ventures has invested in fintech startups such as Wealthsimple, Symend, Owl, Fraction, Brim Financial, FlexPay, Safekeep, Afficiency and others.