Better Tomorrow Ventures

Better Tomorrow Ventures (BTV) is a prominent early-stage venture capital firm based in San Francisco, California, exclusively focused on the fintech sector. Founded by Sheel Mohnot and Jake Gibson, both seasoned operators and investors with deep roots in financial technology, BTV has rapidly established itself as a leading investor in pre-seed and seed-stage fintech companies globally. Mohnot previously co-founded and sold a fintech company and was a partner at 500 Startups, while Gibson co-founded NerdWallet, bringing significant operational and investment expertise to the firm.

Since its inception, BTV has demonstrated a strong fundraising trajectory and commitment to the fintech ecosystem. The firm successfully closed its debut fund, Fund I, at $75 million in 2020. This was followed by a substantial increase for Fund II, which closed at $225 million in 2021, and most recently, Fund III, also closing at $225 million in late 2023. Cumulatively, Better Tomorrow Ventures manages over $525 million across its three funds, enabling it to provide significant capital and support to its portfolio companies. Their investment thesis centers on identifying and backing innovative startups that are disrupting traditional financial services or building essential infrastructure for the future of finance.

BTV is known for its hands-on approach and often leads investment rounds, providing not just capital but also strategic guidance and network access to its founders. The firm typically writes initial checks ranging from $1 million to $5 million, aiming to be the first institutional investor in promising fintech ventures. As of late 2023, Better Tomorrow Ventures has invested in more than 100 companies across various sub-sectors of fintech, including payments, lending, insurance, blockchain, and financial infrastructure. Their global reach, combined with their specialized focus and operational experience, positions BTV as a critical partner for early-stage fintech entrepreneurs worldwide.