First Rate Ventures has $25m for seed investments over the next three years.
US-based financial services provider First Rate has committed $25m over the next three years to its new corporate venture capital unit.
First Rate Ventures will be led by managing director Marshall Smith, previously chief operating officer at First Rate, with Prabhakar Reddy as a strategic adviser.
It will target seed investments in wealth management and regulation tech companies.
In addition to growth capital, First Rate Ventures said it would provide early-stage startups with strategic technology assets, connections to decision makers…
