{"id":607672,"date":"2026-08-28T22:14:18","date_gmt":"2026-08-28T22:14:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/607672\/"},"modified":"2026-08-28T22:14:18","modified_gmt":"2026-08-28T22:14:18","slug":"fiat-ventures-combines-venture-and-advisory-divisions-into-new-brand-raises-35m-fund-ii","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/607672\/","title":{"rendered":"Fiat Ventures combines venture and advisory divisions into new brand, raises $35M Fund II"},"content":{"rendered":"

Fiat Ventures<\/a> on Tuesday said it is combining its growth consultancy and venture divisions under a new brand, FGV Capital, alongside the launch of its second fund, a $35 million vehicle.<\/p>\n

The fintech-focused firm\u2019s general partners, Marcos Fernandez and Drew Glover, told TechCrunch that the decision to combine the businesses was to help founders, whether part of the firm\u2019s portfolio or otherwise, with their go-to-market strategies. <\/p>\n

Operating under the Fiat Growth moniker, the consultancy business previously offered startups help with scaling, businesses, and go-to-market strategies. It also provided clients access to its network of industry executives \u2014 and that overlap is where Fernandez and Glover see potential for more exposure and growth.<\/p>\n

Glover said combining the growth consultancy with the venture firm has already helped them win spots on startups\u2019 cap tables because founders realize they could access the advisory network, too, if they take money from FGV. He stressed that the consultancy business and the investment vehicle will operate as separate entities, and said \u201cclear processes\u201d are in place to ensure business relationships don\u2019t bias investment decisions.\u00a0<\/p>\n

\u201cThe goal is to use the broader FGV infrastructure to give our investment team better information and deeper context, not influence the outcome,\u201d\u00a0Glover said.<\/p>\n

Glover said Fund II\u2019s thesis centers on fintech\u2019s intersection with areas like AI, healthcare, commerce, and other industries. It took FGV about 18 months to raise this new fund, and the duo said they sought a mix of LPs who \u201ccould do more than provide capital,\u201d such as offering business guidance to its portfolio companies. LPs in this fund include the Reinsurance Group of America, MassMutual, and Bank of America.<\/p>\n

In a venture environment where emerging fund managers struggle to attract LP attention, FGV is betting that its combined model can help it lure LPs and startups, and deliver better returns. Glover said FGV also has a program to help the portfolio companies of its LPs scale, and said it also connects LPs with companies from the advisory side of the business for partnership opportunities.\u00a0<\/p>\n

\u201cThat\u2019s where the full-stack model becomes powerful,\u201d Fernandez said. \u201cCompanies we invest in can become clients we help scale. Companies we work with can become investments. LPs can become customers or partners to the portfolio. The different parts of the ecosystem can create value for one another while still operating independently.\u201d\u00a0<\/p>\n

The fund will cut checks worth $1 million to $1.5 million into at least 25 companies (it\u2019s already backed 13 so far) over two years. The firm previously raised a $25 million first fund. Overall, the firm has already backed around 40 companies, which include pet insurance company Wagmo, and the consumer lending startup Possible Finance.\u00a0<\/p>\n

\u201cThe goal is to build an ecosystem where capital, distribution, and relationships compound and where founders and investors have more ways to win together,\u201d\u00a0Fernandez said.<\/p>\n

This article was updated to clarify what Possible Finance. <\/p>\n

When you purchase through links in our articles, we may earn a small commission<\/a>. This doesn\u2019t affect our editorial independence.<\/p>\n","protected":false},"excerpt":{"rendered":"Fiat Ventures on Tuesday said it is combining its growth consultancy and venture divisions under a new brand,…\n","protected":false},"author":2,"featured_media":607673,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[72,191,257425,61,60],"class_list":["post-607672","post","type-post","status-publish","format-standard","has-post-thumbnail","category-entrepreneurship","tag-business","tag-entrepreneurship","tag-fiat-ventures","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/607672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=607672"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/607672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/607673"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=607672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=607672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=607672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}