Better Tomorrow Ventures Closes BTV III at $140 Million to Fuel the Next Generation Fintech Companies

Better Tomorrow Ventures, a fintech-focused Venture Fund led by Jake Gibson, Sheel Mohnot, Nihar Bobba, JC Bahr-de Stefano, and Yoni Lateiner, has closed $140 million fund 3, bringing the total AUM to $450 million, following $150 million BTV II from 2021 and our $75 million debut fund in 2019.

For six years, we’ve backed some of the most promising founders in fintech, and we’re just getting started. Finance, which accounts for nearly 20% of global GDP, remains one of the least digitized industries. The next decade will bring the unbundling and rebuilding of financial infrastructure, and a complete rethink of how services are built and delivered, with AI at the center.

Since BTV I, we’ve backed ~85 pre-seed and seed companies at the intersection of finance and software, especially in infrastructure and AI. Many have gone on to raise from firms like Khosla, Accel, a16z, and Insight.

Highlights include Unit, Coast, Relay, and Basis, category leaders in their fields, and earlier angel bets in Flexport, Ramp ($22B), Mercury ($3.5B), Human Interest ($3B), and Ethos (IPO filed). Our portfolio reflects where finance is headed: agent-driven workflows, software replacing services, embedded financial rails bypassing incumbents, and full-stack vertical AI businesses.

BTV isn’t just a venture firm, it’s a team of fintech builders. Jake founded NerdWallet (Nasdaq: NRDS), Sheel started and exited two companies, and the team has spent over a decade investing in fintech, including running an accelerator that produced companies like Albert and Kin ($2B valuation). Every team member is a fintech founder or operator, bringing firsthand experience to the challenges early-stage founders face.

With BTV III, checks will range from $500K to $4M, backing 30–35 companies, with a focus on finance + AI. Financial services are especially promising: trillions in market cap, data-rich and highly regulated, document-heavy workflows, large cost-reduction opportunities, and product enablement that accelerates new builds and multi-product expansion.