Canapi Ventures has announced a $750 million fundraise for its Fund II.

The previous fund from the FinTech venture capital firm made 20 investments across verticals including fraud and identity, financial infrastructure, lending and credit, payments, and real estate technology.

As part of these investments, Canapi said it helped to facilitate nearly 100 partnerships between its LPs and portfolio companies.

The firm added that with its second fund it will maintain strategy and support these key industries, whilst broadening its investment to include additional opportunities and challenges facing the financial industry, as well as other sectors.

It went on to state that key area for Fund II would include the responsible use and governance of AI, cybersecurity, and the intersection of financial services and climate technology.

To that end, Canapi shared that it has already made a handful of investments out of Fund II in companies such as DynamoFL, Island, and Crux Climate.

"Our venture capital model connects high-quality fintech companies to our extensive network of banks and strategic partners, creating strong symbiotic value in this important ecosystem," said Canapi managing partner Gene Ludwig. "Our connectivity in Washington and to its regulators has allowed us to help our companies better understand and comply with complex requirements while building alongside founders to maximise impact."

---