Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Casady Raises $58.9MM Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, August 29, 2018

Casady Raises $58.9MM

News summary by MFWire's editors

A former chief of the biggest independent broker-dealer in the business has raised tens of millions for his new fintech-focused venture capital fund. Odds are that you know some of his investors.

Mark Casady confirmed last week that Vestigo Ventures has successfully closed its Vestigo Ventures Fund I after raising $58.9 million. According to the Vestigo team, 51 percent of that capital came from asset managers and insurers, 28 percent from family offices, and 21 percent from individual investors they describe as representing "a 'who's who' of the financial services industry."

The Boston Business Journal picked up on the Vestigo news.

Vestigo was founded by David Blundin, Ian Sheridan, and Casady, who retired as CEO of LPL at the beginning of 2017 and previously managing director in the Americas for Scudder. The trio saw lots of biotech venture capital firms in Boston, but they saw a gap in fintech VC, and thus was Vestigo born.

Their team also includes Frazer Anderson and Mike Nugent. Meanwhile, Vestigo's advisory board includes some faces fundsters might recognize, like: Maliz Beams, Marty Beaulieu, Darlene Deremer, Brigitte Madrian, George Wilbanks, and more.

Digitization in financial services is Vestigo's theme, and they typically invest in early stage rounds. They've already invested in eight companies so far, and Casady the the Boston Business Journal that he expects to make 20 to 22 investments over the next year and a half.

"Incumbents in financial services need to drive down costs and vastly improve the customer experience in order to remain relevant and prosper amidst this wave of change," Casady states. "We back entrepreneurs who have the passion, ideas and ability to ride this wave." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2023: Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. Expect Miracles East Coast Classic, June 8
  2. MFDF webinar - SEC Staff Panel, Division of Examinations — IC Issues and Considerations For Fund Boards, June 8
  3. WE DC - ESG Panel Discussion, June 13
  4. 2023 MMI Alternative Investments Forum, June 13
  5. Nicsa Fearless Leadership Symposium, June 14
  6. MFDF Director Discussion Series - Open Forum (Denver), June 20
  7. The Ben Graham 10th Annual Conference, Jun 20-21
  8. IDC Industry Segment Call - Governance Committee Chairs, June 21
  9. Crane Data's Money Fund Symposium, Jun 21-23
  10. 2023 MMI Distribution Leadership Forum, Jun 22-23
  11. IDC Industry Segment Call - Board Leaders, June 22
  12. MFDF webinar - Closed-End Fund Litigation Overview and Update, June 27
  13. MFDF Director Discussion Series - Open Forum (Atlanta, GA), June 28
  14. MFDF Director Discussion Series - Open Forum (Kansas City), June 30
  15. MFDF Director Discussion Series - Open Forum (New York), July 18
  16. 2023 MMI Leadership Pathway Seminar, Jul 19-20
  17. MFDF webinar - Generative AI — It's Here, July 20
  18. MFDF Director Discussion Series - Open Forum via Zoom, July 27
  19. MFDF Director Discussion Series - Open Forum (Milwaukee, WI), August 8
  20. MFDF Improving Equity Fund Alpha Estimates, September 13
  21. 4th Annual ETFGI Global ETFs Insights Summit - United States, Sep 20-21
  22. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  23. Expect Miracles Atlanta Coast Classic, October 2
  24. 2023 MMI Annual Conference, Oct 11-13
  25. Expect Miracles In Boston, November 2




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use