Ignition to raise a $200 mln 6th fund, Ribbit targets $220 mln for third


Ignition has set out to raise a $200 million sixth fund, and Ribbit Capital is targeting $220 million for its third, according to filings with the SEC.

Ignition Venture Partners VI will be managed by managing partners Frank Artale, John Connors and Nick Sturiale and administrative Partner Robert Headley, according to a Form D submitted to the commission. It has yet to have a first close.

The firm’s previous 2013 fund raised $150 million, according to Thomson Reuters.

Ribbit Capital III also has yet to have a first close, the firm’s Form D says. Ribbit, which focuses on financial services investments, raised a previous $124.73 milllion fund in 2014, according to Thomson Reuters.

 

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