Flourish Ventures Creates a New Fund of $350 Million

Flourish Ventures has created a new $350 million fund to invest in fintech startups in the Americas and emerging markets such as Africa and Latin America. Note for the new fund. Founded in 2019, Flourish Ventures' total assets under management increased to $ 850 million. Unlike traditional venture firms, Flourish is an evergreen firm. This means that its investments are open-ended or do not have a fixed end date.

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California-based Flourish has supported 71 startups on five continents since its inception

Flourish, based in San Francisco, California, has supported 71 startups on five continents since its inception. About half of the fund's capital has been deployed in the US. Founder and managing partner Emmalyn Shawn stated that they will continue to lead the rounds of startups developing infrastructure technologies. They will also support new startups offering B2B payment solutions and vertical SaaS services.