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Better Tomorrow Ventures closes $140M, remains bullish on fintech
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TechCrunch
Sheel Mohnot, co-founder and general partner of Better Tomorrow Ventures (BTV), has one simple answer for anyone claiming that investing in fintech has lost some of its attractiveness.
Many financial transactions are still handled manually, and Better Tomorrow Ventures — led by Mohnot (a former general partner at 500 Startups) and NerdWallet co-founder Jake Gibson — aims to help change that.
Better Tomorrow Ventures just raised a $140 million third fund, nearly matching the $150 million second fund, which was announced in early 2022 toward the end of the ZIRP (zero interest-rate policy) boom.
San Francisco | REGISTER NOWThe firm also didn’t tap into the $75 million opportunity fund raised alongside its second fund in 2022.
But it’s not just accounting: Mohnot is a strong believer in AI’s broad applications within fintech.