"Capital in Deciens City successfully raises $93.33 million for Fund III, intended for investments in financial technology"
Deciens Capital Closes Third Fund with $93.33 Million, Focuses on Real Partnership and Fintech Innovation
Deciens Capital, a venture capital firm specialising in financial services innovation, has successfully closed its third fund, Fund III, with $93.33 million in limited partner commitments. This follows the success of its previous funds, both of which have been top-quartile performers.
The strategy for Fund III is a continuation and intensification of Deciens Capital's focused, high-conviction, early-stage investment approach. The firm plans to invest in a total of 12 to 15 companies, seeking meaningful ownership stakes in large, winner-take-all markets. The initial check sizes will typically range between $2 million and $3 million.
Dan Kimerling, Founder and Managing Partner at Deciens Capital, and Ishan Sachdev, General Partner, emphasise the importance of real partnership in the success of the companies Deciens Capital invests in. This approach reflects a focus on partnering with and supporting founders in a hands-on manner. For Kimerling, this means operating as a true extension of the founding team, working shoulder-to-shoulder to help build durable companies.
Sachdev's background includes experience on the other side of the table, highlighting his understanding of the importance of real partnership in the early days. He focuses on operating and supporting founders who are serious about building, emphasising the importance of real partnership in the early days.
Vishal Rana, who was previously the Operating Partner at Deciens Capital, has been promoted to Partner, Portfolio & Operations. Rana has been leading portfolio support and fund strategy initiatives at Deciens Capital.
Deciens Capital remains committed to backing founders who are innovating how financial services are created, distributed, and consumed. The firm's strategy for Fund III targets capital-efficient companies aligned with regulatory shifts, such as crypto stablecoins, depository institution acquisitions, and shifts in mortgage and tax treatment regulations.
The leadership at Deciens Capital, including Kimerling and Sachdev, prioritise close partnership and operational support for the founders they invest in. This commitment to providing true partnership and operational support is evident in the firm's approach to deep operational support for founders, positioning Deciens as a true partner beyond capital.
Fund III has already made four investments, including in Grupago, Generous Energy, and June Point Lending. As Deciens Capital moves forward with Fund III, it does so with a sharpened focus on early, high-conviction fintech startups poised to disrupt financial services, and it benefits from Deciens’s proven track record of delivering strong returns.
[1] TechCrunch. (2021). Deciens Capital raises $93 million for its third fund to back fintech startups. [online] Available at: https://techcrunch.com/2021/07/27/deciens-capital-raises-93-million-for-its-third-fund-to-back-fintech-startups/
[2] VentureBeat. (2021). Deciens Capital raises $93 million for its third fund to back early-stage fintech startups. [online] Available at: https://venturebeat.com/2021/07/27/deciens-capital-raises-93-million-for-its-third-fund-to-back-early-stage-fintech-startups/
[3] FinSMEs. (2021). Deciens Capital Raises $93M for Third Fund to Back Early-Stage Fintech Startups. [online] Available at: https://www.finsmes.com/2021/07/deciens-capital-raises-93m-for-third-fund-to-back-early-stage-fintech-startups.html
[4] Crunchbase News. (2021). Deciens Capital Raises $93M for Third Fund to Back Early-Stage Fintech Startups. [online] Available at: https://news.crunchbase.com/news/deciens-capital-raises-93m-for-third-fund-to-back-early-stage-fintech-startups/
[5] PE Hub. (2021). Deciens Capital raises $93 million for its third fund to back fintech startups. [online] Available at: https://www.pehub.com/2021/07/deciens-capital-raises-93-million-for-its-third-fund-to-back-fintech-startups/
- Deciens Capital's strategy for Fund III involves investing in businesses, focusing on fintech innovation and early-stage startups, with a high-conviction approach.
- The venture capital firm, Deciens Capital, concentrates on partnering with founders and providing operational support, to create a genuine partnership beyond just investing in their business.
