Growth equity firm Greyhound Capital has received backing from Rabobank's Rabo Frontier Ventures vehicle as it raises its second fund.
Rabo Frontier Ventures (RFV), the strategic fund formed by financial services firm Rabobank, provided an undisclosed amount of capital for UK-based growth equity firm Greyhound Capital’s $195m second fund yesterday.
Founded in 2015, Greyhound Capital invests in growth-stage technology-focused companies. Its portfolio includes finance-focused N26, the digital bank valued at $3.5bn, and Marqeta, the payment card issuer that most recently raised money at a $4.3bn valuation.
Greyhound Capital Partners II reached the $195m figure earlier this month according to a regulatory filing. RFV is interested in leveraging its links to investments in the financial, insurance and software technology sectors.
RFV managing partner Jeroen van Doornik said: “Greyhound Capital’s strategy and investment focus has proven itself and matches well with our strategy of investing in leading funds and working with general partners on selective co-investments.
“The existing portfolio proves that Greyhound Capital is a partner of choice to outstanding teams resulting in exceptional performance.
“Furthermore, the portfolio construction that Greyhound Capital continues to build appears to be very resilient to the Covid-19 environment, is very relevant to our space and we anticipate bringing our complimentary experience to benefit the entrepreneurs. The agile team set-up, combined with the strategy and focus makes Greyhound Capital a great partner for us”