Fiat Ventures has reintroduced itself as FGV Capital, bringing its venture investing and growth advisory work under one brand while unveiling a new $35 million Fund II. The fintech-focused firm says the move is designed to create a more connected platform for founders and investors.
General partners Marcos Fernandez and Drew Glover say the combined structure is meant to support startups beyond funding alone, especially in areas such as go-to-market planning, scaling strategy and access to experienced industry operators. The advisory side, previously known as Fiat Growth, will continue to work separately from the investment arm while sharing broader ecosystem insights.
According to Glover, the model is already helping the firm stand out with founders who value both capital and strategic support. He added that clear internal processes are in place to keep investment decisions independent from business relationships.
Fund II is centered on fintech opportunities that intersect with AI, healthcare, commerce and adjacent sectors. FGV Capital expects to invest $1 million to $1.5 million in at least 25 companies over the next two years and has already backed 13. The firm's first fund totaled $25 million, and its portfolio includes companies such as Wagmo and Possible Finance.
The new fund's limited partners include Reinsurance Group of America, MassMutual and Bank of America, reflecting a strategy that seeks more than capital alone. FGV Capital also aims to connect portfolio companies, clients and partners across its network, building a model where distribution, expertise and funding reinforce one another. This approach could shape how future venture firms blend investment with operational support.
