WILMINGTON – Venture capital fund Canapi Ventures which has offices in Wilmington, New York and San Francisco, has raised a new fund totaling $750 million.

“This latest raise brings Canapi’s total assets under management to over $1.4B and will allow the Fund to continue to support the most innovative entrepreneurs and companies looking to create a sounder, more inclusive and equitable financial ecosystem,” Canapi said in its announcement Thursday.

Canapi focuses on the financial tech sector with emphasis on fraud and identity, financial infrastructure, lending and credit, payments, and real estate technology.

The new fund’s targets include investments “the responsible use and governance of AI, cybersecurity, and the intersection of financial services and climate technology,” Canapi said.

To date the fund has made 20 investments, including  Alloy, Built, Thoropass, and Greenlight as well as DynamoFL, Island, and Crux Climate out of the new fund.

“Our venture capital model connects high-quality fintech companies to our extensive network of banks and strategic partners, creating strong symbiotic value in this important ecosystem,” said Canapi Managing Partner Gene Ludwig. “Our connectivity in Washington and to its regulators has allowed us to help our companies better understand and comply with complex requirements while building alongside founders to maximize impact.”