CHARLOTTE — Charlotte-based financial technology investment firm, Carolinas Fintech Ventures, has raised $1.1 million in a private equity fund, according to a securities filing released today. That is in addition to $2.5 million raised last February. The fund looks to raise $15 million.

Sixteen investors contributed to the round, which first opened in January 2019. The minimum investment is $100,000.

(Among the backers is North Carolina banking legend Hugh McColl, according to the Charlotte Business Journal.)

Carolinas Fintech Ventures is a early-stage venture capital firm specializing in financial technology. The company primarily operates as a seed and Series A financial technology fund, giving startups the initial capital they need to get things up and running.

Currently the firm has invested in 25 businesses nationwide.

Ventures was co-founded in April 2017 by Dan Roselli and Nathaniel Clarkson.

Roselli is an established entrepreneur, serving as co-founder of Parkland Place,  entrepreneurial hub in downtown Charlotte. Clarkson brings nearly two decades of investment experience working in venture capital, business mergers and acquisitions and legal advisory roles, to Ventures.

The company works in affiliation with Queen City Fintech, a general technology accelerator program also founded by Roselli and Clarkson. Queen city works to facilitate the emerging technological and financial ecosystems in Charlotte, by providing capital to fund tech startups.

11 investors back Carolinas Fintech Ventures with $2.5M; fund wants $15M