Fika Ventures, a B2B-focused early-stage fund, announced the closing of its $160 million Fund IV. This new fund brings Fika’s total assets under management (AUM) to over $500 million since its founding in 2016. And with Fund IV, Fika will continue its proven strategy of leading pre-seed and seed rounds in B2B software companies across sectors like vertical SaaS, fintech, commerce enablement, marketplaces, and healthcare, especially those harnessing AI to drive innovation.
Fika’s investment thesis is rooted in the belief that early-stage B2B founders benefit from investors who provide capital, roll up their sleeves, and work side-by-side with founders to tackle challenges big and small. And the firm intentionally kept Fund IV the same size as Fund III, despite significant LP demand, to maintain a concentrated portfolio and ensure the team can continue delivering high-touch support to every founder.
Since 2016, the LA-based fund has differentiated itself through its disciplined investment approach and steadfast commitment to its core values, emphasizing service, humility, apprenticeship, and allegiance to founders. The firm is inspired by the Swedish custom of fika, the daily practice of taking a break to connect with others; connection is a guiding principle for the Fika team’s approach to relationship-building.
Fund IV also marks the expansion of the Fika team, with Arteen Arabshahi rejoining as General Partner after a successful tenure at Route. And the fund also announced the promotions of Natalie Paz to CFO and Gabriella Brignardello to Principal, reflecting Fika’s commitment to developing talent from within through its apprenticeship model.
Fika’s senior leadership team — TX Zhuo, John Chen and Arteen Arabshahi as General Partners, and Matt Hersh as Operating Partner — has worked together for over a decade in multiple capacities. And the entire Fika team brings a wealth of operating experience and an extensive track record of helping B2B founders achieve milestones including key hires, pivotal partnerships and successful fundraises.
KEY QUOTES:
“At Fika, venture capital isn’t just about writing checks — it’s about building real, lasting partnerships with extraordinary founders. With Fund IV, we are deepening our commitment to providing hands-on collaboration and unwavering support to entrepreneurs through every stage of the company-building journey.”
-TX Zhuo, General Partner at Fika Ventures
“Our job is to earn the right to be true partners to our founders by providing tangible, high-impact assistance from Day One. With Fund IV, we are doubling down on our proven model of serving as an extension of our founders’ teams and working tirelessly to help them scale.”
-John Chen, General Partner at Fika
“The Fika team have been invaluable partners to Payabli. Time and again they’ve been accretive and trusted partners, from finding us new hires and advisors to introducing us to prospects and providing strategic guidance in all facets of scaling a hyper-growth startup.”
-Jo Elias Phillips, CEO of Payabli
“Being a founder is less lonely with Fika. They have our backs any time of day, any day of the week.”
-Jake Cronin, CEO of Siro
