- Communitas targets $50 mln for debut fund
- Invests in fintech entrepreneurs
- Formed by three executives
Three big-name executives are in market raising their debut fund to invest in financial-technology entrepreneurs, sources said.
Communitas Capital Partners Fund I is targeting $50 million, sources said.
Fund I has raised at least $14.9 million, according to a Form D fundraising document filed in January.
Communitas was formed in 2017 by Doug Atkin, Tom Glocer and Duncan Niederauer.
Atkin is former chief executive of electronic-trading business Instinet Group and of Majestic Research. And he led the Guggenheim Partners venture capital business from 2010 to 2014.
Glocer is former CEO of Thomson Reuters, a role he left in 2011. Prior to 2008, Glocer was CEO of Reuters, which he joined in 1993. He worked at Davis Polk & Wardwell from 1984 to 1993, his biography on Communitas’s website shows.
Niederauer was CEO of the New York Stock Exchange from 2007 to 2014. He worked at Goldman Sachs from 1985 to 2007, where he left as a partner, according to his bio.
Other executives include Richard Shi, partner and chief financial officer, who joined in January, according to his LinkedIn profile. Previously, Shi worked at Tiger Global Management from 2010 to 2017.
And Bryan Koplin, a former Goldman Sachs executive, joined last year as head of business development, his LinkedIn profile said.
Whether Communitas has yet made an investment is unclear. Zachary Tramonti, a spokesman for Communitas, declined comment.
Action Item: Check out Communitas’s Form D here: https://bit.ly/2JoJEzV