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Fenway Summer Ventures

North America, District of Columbia, United States, Washington

Description

Fenway Summer Ventures is a Washington, D.C.-based venture capital firm specializing in early-stage companies operating at the nexus of finance and technology. The firm distinguishes itself by focusing on highly regulated sectors, including fintech, insurtech, regtech, and proptech, where deep understanding of policy and compliance is crucial for success. Their investment thesis centers on identifying innovative solutions that can navigate complex regulatory landscapes, leveraging their team's extensive experience across financial services, technology, and government.

The firm's strategic advantage lies in its partners' backgrounds, which include former senior government officials and seasoned financial industry executives. This unique blend of expertise allows Fenway Summer Ventures to provide portfolio companies with not just capital, but also invaluable strategic guidance on regulatory compliance, market entry, and navigating the intricacies of regulated industries. They aim to back founders who are building disruptive technologies that can thrive within, rather than circumvent, established regulatory frameworks, fostering sustainable growth in critical financial infrastructure.

Fenway Summer Ventures typically invests in Seed to Series A stage companies, providing initial capital to help promising startups scale their operations and achieve key milestones. Their typical first check size ranges from $500,000 to $3 million, reflecting their commitment to being a significant early partner. The firm successfully closed its second fund, Fenway Summer Ventures II, at $75 million in 2022, demonstrating growing capacity and continued investor confidence in their specialized investment approach. This capital enables them to support a diverse portfolio of companies that are reshaping financial services through technological innovation.

Investor Profile

Fenway Summer Ventures has backed more than 66 startups, with 0 new investments in the last 12 months alone. The firm has led 10 rounds, about 15% of its total and boasts 7 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, Ireland, United Kingdom.
  • Strong thematic focus on Financial Services, FinTech, Finance.
  • Typical check size: $500K – $3M.

Stage Focus

  • Seed (39%)
  • Series A (27%)
  • Series B (11%)
  • Series Unknown (11%)
  • Convertible Note (6%)
  • Series C (5%)
  • Pre Seed (2%)

Country Focus

  • United States (86%)
  • Ireland (5%)
  • United Kingdom (5%)
  • Kenya (3%)
  • Mexico (2%)

Industry Focus

  • Financial Services
  • Fintech
  • Finance
  • Banking
  • Payments
  • Credit
  • Software
  • Personal Finance
  • Blockchain
  • Education
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Fenway Summer Ventures frequently co-invest with?

Pantera Capital
North America, California, United States, Menlo Park
Co-Investments: 4
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 4
Partnership Fund for New York City
North America, New York, United States, New York
Co-Investments: 3
Nyca Partners
North America, New York, United States, New York
Co-Investments: 6
Kapor Capital
North America, California, United States, Oakland
Co-Investments: 3
Camp One Ventures
North America, California, United States, Palo Alto
Co-Investments: 4
Hard Yaka
North America, Nevada, United States, Crystal Bay
Co-Investments: 3
Pivot Investment Partners
North America, New York, United States, New York
Co-Investments: 8
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 4
Omidyar Network
North America, California, United States, Redwood City
Co-Investments: 4

Which angels does Fenway Summer Ventures often collaborate with?

TS
North America, Pennsylvania, United States, West Chester
Shared Deals: 2
EW
North America, California, United States, San Francisco
Shared Deals: 1
Rahul Mehta
Asia, Dubai, United Arab Emirates, Dubai
Shared Deals: 1
FG
North America, New York, United States, New York
Shared Deals: 1
JD
North America, Pennsylvania, United States, Philadelphia
Shared Deals: 2
KD
North America, California, United States, San Francisco
Shared Deals: 1
JE
North America, California, United States, Palo Alto
Shared Deals: 1
PS
North America, California, United States, San Francisco
Shared Deals: 2
LR
North America, California, United States, San Quentin
Shared Deals: 3
GC
North America, California, United States, Los Angeles
Shared Deals: 1

What are some of recent deals done by Fenway Summer Ventures?

Summer​

New York, New York, United States

Summer is an end-to-end student loan workplace benefit solution that helps employees navigate college costs and reduce student debt.

Employee BenefitsFinancial ServicesPersonal Finance
Series UnknownApr 8, 2024
Amount Raised: $9,000,000
Parlay

Alexandria, Virginia, United States

Parlay helps community banks and credit unions qualify and convert more small business borrowers.

BankingFinancial Services
Pre SeedFeb 14, 2024
Amount Raised: $1,300,000
Matic Insurance

Columbus, Ohio, United States

Matic is a technology-driven insurance agency that provides home, auto, umbrella, and pet insurance services.

FinanceFinancial ServicesInsuranceInsurTechProperty Insurance
Series BOct 11, 2023
Amount Raised: $20,000,000
Summer​

New York, New York, United States

Summer is an end-to-end student loan workplace benefit solution that helps employees navigate college costs and reduce student debt.

Employee BenefitsFinancial ServicesPersonal Finance
Series AApr 25, 2023
Amount Raised: $7,700,000
Green Check Verified

North Haven, Connecticut, United States

Green Check Verified provides dispensaries with the tools they need to access local banking services and get back to business.

BankingCannabisService Industry
Convertible NoteFeb 9, 2021
Amount Raised: $2,400,000
DigitalPay

San Francisco, California, United States

DigitalPay is a digital payments provider focused on radically improving the speed, security, and convenience of payments.

Financial ServicesFinTechPayments
SeedFeb 12, 2020
Amount Raised: $1,200,000
National Credit Care

Coushatta, Louisiana, United States

National Credit Care is a provider of credit restoration and consulting services.

FinanceFinancial Services
Series UnknownJan 29, 2020
TangoTrade

Palo Alto, California, United States

TangoTrade is a B2B fintech company that expands global trade for SMBs by providing payment assurance and trade finance.

B2BFinancial ServicesFinTechPayments
SeedMar 1, 2019
Resolve

Oakland, California, United States

Resolve is a fintech platform for people struggling with debt

Financial ServicesFinTech
SeedJan 1, 2019
Amount Raised: $1,500,000
Veem

San Francisco, California, United States

Veem is a payment service provider that helps simplify the way businesses send and receive funds.

BitcoinBlockchainFinancial ServicesFinTechPayments
Series BAug 14, 2018