Cambridge-based Vestigo Ventures, which invests in financial services technology startups, has raised $83.5 million so far for its second-ever fund, according to a new securities filing.
Vestigo set out before the pandemic to raise $100 million for a second fund. It raised $58.9 million for its first fund after launching in 2016 with a goal of investing in early-stage rounds for fintechs.
Vestigo co-founder Mark Casady, the former chief executive of Boston-based broker-dealer LPL Financial Holdings Inc., declined an interview request on Friday. The firm’s ultimate target for the second fund remains $100 million, according to the filing. The fund has 66 investors so far.
So far, the firm has invested in more than 20 companies, many of them from the world of artificial intelligence. One of the investments, Oregon-based small business lending platform Mirador, was sold to CUNA Mutual Group for an undisclosed sum in 2018.
Several of Vestigo’s investments are based in Massachusetts, including crowdfunding firm NetCapital, insurance technology startup TowerIQ and gig-economy marketplace Jobble.
