- Venture firm Nyca Partners announced that it has raised $210 million for its third fund
Nyca Partners — a venture firm that invests in financial technology companies such as Acorns and PayRange — has raised $210 million for its third venture capital fund, according to TechCrunch. Nyca’s debut fund had raised $31 million in 2014 followed by $125 million for the second fund in 2017.
In the past five years, Nyca assembled a group of more than fifty Limited Partner Advisors (LPAs) who work with them and our portfolio companies to provide expert knowledge and help make innovators more successful.
Nyca also announced David Sica has been promoted to partner as he joins John C. (“Hans”) Morris as a partner and Ravi Mohan as partner and COO in a similar role. Nyca also promoted Sol Lee and Sumeet Singh to senior associate. And in the past six weeks, Nyca made three more hires: Stephanie Khoo has joined as a principal from Goldman Sachs along with Samriti (Sami) Pal and Nikil Konduru.
“While there are many expert venture firms focusing on fintech, we still believe our model is as valid as ever. What’s the same is the complex financial ecosystem, in which entrepreneurs need sound and expert advice to help them focus on executing their ideas in the most productive way. We love meeting with these innovators in all stages of early growth around the world, and we are eager to unearth the next disruptor in all of the many corners of financial services,” said the company in a blog post. “Connecting our knowledgeable LPAs with fintech entrepreneurs creates a symbiotic relationship that will enable a more efficient and empowering financial system for all of us. We can’t wait.”
Some of Nyca’s investment partners include Osama Bedier (Google’s former VP of Wallet & Payments and current founder/CEO of Poynt), Brian Finn (former CEO of Credit Suisse USA), Thomas G Miglis (former CIO of Citadel), and Charlie Songhurst (former head of Corporate Strategy and founder/partner of Katana Capital).