Fiat Ventures combines venture and advisory divisions into new brand, raises $35M Fund II

Fiat Ventures, a fintech-focused firm, is taking a significant step towards expanding its services

According to the company's general partners, Marcos Fernandez and Drew Glover, the decision to combine the businesses was made to help founders, whether part of the firm's portfolio or otherwise, with their go-to-market strategies. For related coverage, explore our detailed analysis on Technology and Digital Systems.

Key Analysis and Detailed Timeline

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.

Glover stated combining the growth consultancy with the venture firm has already helped them win spots on startups' cap tables because founders realize they could access the advisory network, too, if they take money from FGV.

The company's second fund, a $35 million vehicle, will focus on fintech's intersection with areas like AI, healthcare, commerce, and other industries.

Broader Impact and Sector Outlook

Glover said Fund II's thesis centers on providing business guidance to its portfolio companies. The fund is backed

Fernandez explained that FGV's combined model can help it lure LPs and startups, deliver better returns, and create value for all parties involved.

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Back Fiat Ventures on Tuesday stated 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.

The fintech-focused firm’s general partners, Marcos Fernandez and Drew Glover, informed TechCrunch that the decision to combine the businesses was to help founders, whether part of the firm’s portfolio or otherwise, with their go-to-market strategies.

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 — and that overlap is where Fernandez and Glover see potential for more exposure and growth.

Glover stated combining the growth consultancy with the venture firm has already helped them win spots on startups’ 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 stated “clear processes” are in place to ensure business relationships don’t bias investment decisions.