Thomvest Ventures closes $250 million fund

VC firm Thomvest Ventures has closed a new $250 million fund that will be deployed into startups operating in the areas of fintech, proptech, cybersecurity, and cloud and AI infrastructure.

The firm plans to invest in approximately 25 to 30 companies. Check sizes will be $5-$15 million for early stage and $7-$25 million for later stage ventures.

Thomvest Ventures has backed several insurance startups including Ladder Insurance and Obie.