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Fintech-focused venture fund Cedar-IBSi Capital secures funding from Hades Group

Economic Times

Economic Times · 1y ago

Fintech-focused venture fund Cedar-IBSi Capital secures funding from Hades Group

Cedar-IBSi Capital, a fintech-focused venture capital fund, has secured funding from Middle East-based asset management firm Hades Financial Private Capital Group (HFPCG). This marks the second major institutional investor for the fund set up by Cedar and IBS Intelligence. The fund aims to be HFPCG's primary source of fintech exposure. Cedar-IBSi Capital will invest in around 15 early-stage startups focused on technology in banking, with an initial check size of $500,000 to $1 million. The fund will prioritize entrepreneurs and enterprise fintechs solving problems within financial services companies.

Related News

Cedar-IBSi Capital onboards institutional investors and family offices ahead of final close

Entrackr

Entrackr · 9d ago

Cedar-IBSi Capital onboards institutional investors and family offices ahead of final close

Snippets Cedar-IBSi Capital onboards institutional investors and family offices ahead of final close FinTech specialist investor Cedar-IBSi Capital, focused on B2B financial infrastructure companies, has secured strong backing from leading institutional investors and over 20 family offices as it prepares to close its debut fund in the coming months. The fund has raised commitments worth Rs 100 crore with additional soft commitments worth Rs 10–15 crore and is confident of marking a Final Close in the coming months. Cedar-IBSi Capital’s institutional investors include Muthoot Finance, IIFL Capital, and an undisclosed Middle East royal family entity to be announced soon. Family office backers include Apar Industries, Varroc Engineering, the Taparia family, Dr. Reddy’s family office, among others. The fund has drawn strong interest from tier I institutions and prominent family offices due to its FinTech specialist expertise, the strategic advantages of co-investment opportunities, deep ecosystem access via the wider Cedar platform. The fund invests in Pre-A and A rounds, typically coming in as the first institutional investor. Initial investment cheques range between $500k–$1 million, with sufficient reserves kept for follow-on investments beyond simple pro-rata. Cedar-IBSi Capital aims to build a portfolio of 10–15 companies over the life of the fund. So far, it has invested in Cogniquest, an intelligent document processing company, and WonderLend Hubs, a cloud-based incentive compensation software provider. A third investment will be announced soon, with the fund actively evaluating multiple opportunities in the AI-for-Financial-Services space. Founded in 2024 by Sahil Anand, Cedar-IBSi Capital is an independent FinTech-focused investment fund built on the legacy of Cedar Consulting and IBS Intelligence’s global research and management consulting expertise. The fund invests in B2B FinTech companies developing software infrastructure for the global banking and financial services industry.

Cedar Capital taps Saudi LP for maiden venture capital fund

VCCircle

VCCircle · 1y ago

Cedar Capital taps Saudi LP for maiden venture capital fund

Cedar Capital has selected an offshore asset manager to invest in its debut venture capital fund. The firm, created by management consulting firm Cedar Consulting and fintech market intelligence platform IBS Intelligence, launched a fintech-focused fund last year. The fund achieved its first close in March and aims to support early-stage companies.

Fintech investor Cedar-IBSi Capital raises commitments worth Rs 100 crore for maiden fund

YourStory

YourStory · 9d ago

Fintech investor Cedar-IBSi Capital raises commitments worth Rs 100 crore for maiden fund

Cedar-IBSi Capital, a fintech-focused investment firm, secured commitments of approximately Rs 100 crore for its inaugural fund, with additional soft commitments between Rs 10 crore and Rs 15 crore. The firm, specializing in B2B financial infrastructure, has backing from major institutional investors like Muthoot Finance and IIFL Capital, and participation from over 20 family offices. The fund aims to invest in pre-Series A and Series A rounds, targeting a portfolio of 10-15 companies over its lifecycle.

Cedar Capital marks first close of maiden fund

VCCircle

VCCircle · 1y ago

Cedar Capital marks first close of maiden fund

Cedar Capital, a venture capital firm formed by management consulting firm Cedar Consulting and fintech platform IBS Intelligence, recently announced the first close of its early-stage fund. The fund, led by Sahil Anand, aims to raise a certain amount and will focus on investing in promising startups.

Cedar Capital announces first close of Rs 240 crore Fintech VC fund

Economic Times

Economic Times · 1y ago

Cedar Capital announces first close of Rs 240 crore Fintech VC fund

Cedar Capital, a joint investment venture by Cedar Consulting and IBS Intelligence, has announced the first round of fundraising for its Fintech Venture Capital fund. The fund aims to raise Rs 240 crore ($30 million) and has secured capital within the range of Rs 50 to 75 crore. It plans to invest in around 15 early-stage startups, focusing on banking technology and B2B fintech startups. The limited partners include leading family offices and institutional investors from India and the Middle East. The fund aims to support seasoned entrepreneurs building solutions for BankTech and enterprise fintechs catering to financial services players.

Cedar Capital announces first close of $30M fintech fund

IndianStartupNews

IndianStartupNews · 1y ago

Cedar Capital announces first close of $30M fintech fund

Cedar Capital has announced the first close of its $30 million fintech venture capital fund. The firm aims to invest in approximately 15 BankTech and B2B fintech startups. With commitments from leading family offices and institutional investors, Cedar is positioning itself as a key player in the BankTech and enterprise fintech space. Leveraging its global research and consulting reputation, as well as its in-house FinTech Lab, the firm intends to provide more than just capital to its portfolio companies. The fund's leadership includes Sahil Anand, Subit Saurav, and Sunny Desa, with an advisory board comprising industry experts.

Riyadh-based investment manager Hades Financial raises new fund

VCCircle

VCCircle · 1y ago

Riyadh-based investment manager Hades Financial raises new fund

Riyadh-based investment manager Hades Financial has successfully closed its new fund, Hades Financial Private Capital Group (HFPCG), which manages $4.6 billion in assets. The firm aims to support mature businesses with late-stage funding and operates as a multi-strategy asset management company.

Middle East’s Hades Financial eyes deeptech, SaaS investments in India

Livemint

Livemint · 1y ago

Middle East’s Hades Financial eyes deeptech, SaaS investments in India

Riyadh-based investment firm, Hades Financial Private Capital Group, plans to invest $500 million in India by 2027. Currently, India represents around 15-18% of the firm's global assets under management (AUM), and it aims to gradually increase this share. The company, with over $4.6 billion in global assets, is focusing on deeptech and software-as-a-service (SaaS) investments in India. Hades Financial recently announced $28 million investments in two Indian firms, Somerset Indus Capital Partners and Cedar IBSi, as part of its strategy to tap into emerging opportunities in the Indian market.

Cedar-IBSi Capital to fund 10 to 15 startups in fintech sector

YourStory

YourStory · 9m ago

Cedar-IBSi Capital to fund 10 to 15 startups in fintech sector

Cedar-IBSi Capital plans to invest in 10 to 15 banking and insurance technology startups in India. The fund aims to allocate between Rs 4-10 crore to build a portfolio of financially strong companies. It has already secured commitments of Rs 50-75 crore from its early-stage fund. The focus is on startups offering innovative products and technologies to improve financial institution efficiency. The first investment has been made in Cogniquest AI, with more to be announced soon. The aim is to bridge the gap in outdated banking and insurance infrastructure with disruptive solutions.

CRED, PhonePe backer Ribbit Capital to raise $500M for new fund

YourStory

YourStory · 5m ago

CRED, PhonePe backer Ribbit Capital to raise $500M for new fund

Ribbit Capital, a fintech-focused venture firm, plans to raise $500 million for its latest flagship fund, having previously backed Indian fintech unicorns like BharatPe, CRED, and PhonePe. Its portfolio companies, PhonePe and Groww, are preparing for public listings. Despite broader investment declines, Ribbit secured $800 million in 2023 for its tenth flagship fund. Meanwhile, Bessemer Venture Partners raised $350 million for AI and fintech startups, even as India's fintech sector faces funding challenges.

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