Fiat Ventures rebrands to FGV Capital with $35 million fund

The rebranding to FGV Capital aims to bridge the gap between advisory services and investment capital. By aligning the firm’s growth consultancy—formerly Fiat Growth—with its venture operations, the partners believe they can secure more competitive deals. Founders gain access to an advisory network that assists with scaling, creating a distinct value proposition that has already helped the firm secure spots on startup cap tables.

Glover emphasized that strict internal processes separate the consultancy and investment entities, ensuring that advisory relationships do not compromise objective investment decisions. Fund II, which took 18 months to raise, counts the Reinsurance Group of America, MassMutual, and Bank of America among its limited partners. The strategy focuses on fintech intersections with AI, healthcare, and commerce, with plans to deploy $1 million to $1.5 million checks into at least 25 companies over the next two years. Having already backed 40 startups, including Wagmo and Possible Finance, the firm is betting that this full-stack model will drive superior returns in a challenging market for emerging fund managers.