Backing the future of global financial markets

We invest in founders building the infrastructure, data, software, and intelligence behind the next generation of credit, risk, and financial markets.

We back founders building the future of global financial markets with more than just capital. Drawing on Fitch Groups expertise in credit, risk, data, and macro intelligence, we help founders navigate institutional markets, refine their products, and unlock strategic opportunities.

Our approach
Investment stageEarly → Growth
Investing For10+ Years
Investment mandateGlobal
Access to Fitch Group ecosystemStrategic

Investment Themes

We invest in the infrastructure, data, and intelligence shaping the future of global financial markets.

Credit Intelligence image
Market Infrastructure image
AI for Financial Decisioning image
Macro & Market Intelligence image
Climate Risk & ESG Intelligence image
Differentiated Data & Signal Generation image
Digital Assets & Market Structure image

Technology transforming how credit is originated, assessed, monitored and managed.

Technology modernizing the infrastructure behind global financial markets.

AI helping financial institutions make faster, smarter and more confident decisions.

Data and analytics helping institutions anticipate market shifts and manage risk.

Tools helping institutions measure climate risk and navigate an evolving regulatory landscape.

Differentiated data and AI-driven signals creating valuable market, business, and risk insights.

Infrastructure enabling the institutional adoption of digital assets and next-generation market models.

Building the future of financial markets, together

Our portfolio spans the technologies transforming credit, risk, market infrastructure, and financial decision-making.

CompanyInvestment themeWhat they're building
VersanaMarket Infrastructure | Credit IntelligenceModernizing data infrastructure for the broadly syndicated and private credit markets
CredCoreCredit Intelligence | AI for Financial DecisioningAI-powered enterprise credit intelligence platform automating underwriting, credit analysis, and debt monitoring
Cognitive CreditCredit Intelligence | AI for Financial DecisioningIndependent provider of specialist AI, data, and analytics for the global credit markets
AlphaStreamCredit Intelligence | AI for Financial DecisioningTransforming unstructured data into AI-powered credit intelligence and workflows
Sigma360Differentiated Data & Signal GenerationAI-powered risk intelligence platform for financial crime prevention and compliance
SecurityScorecardDifferentiated Data & Signal GenerationDelivering cyber risk intelligence for enterprise and financial institutions
Select Past Investments
Acin (Acquired by Cube)Bixby (Fitch acquired)Cortera (Acquired by Moody’s)Diginex (IPO)Geoquant (Fitch acquired)

We partner closely with founders, combining venture investing experience with the market knowledge, relationships, and global perspective of Fitch Group.

Our team

Beyond our core team, we tap into the expertise of 5,000+ Fitch colleagues worldwide, including former CEOs, business leaders, and senior executives across credit, risk, data, and financial markets.

Gabby Munoz

Global Head of M&A and Venture Investments

Linkedin — Gabby Munoz (opens in a new tab)

Gabby Munoz is Global Head of M&A and Venture Investments for Fitch Group, where she leads the firm’s inorganic growth strategy, including the sourcing and execution of acquisitions, strategic investments, and venture activity.

Prior to joining Fitch Group, Gabby spent twelve years at Hearst in senior strategy and capital allocation roles, partnering across the company’s 360+ brands and businesses to drive acquisitions, investments, partnerships, and organic growth initiatives.

During her tenure at Hearst, she served as Senior Vice President of M&A and Strategic Investments for the company’s e-commerce division, Managing Director of Hearst Ventures, Vice President of Strategy and Operations for Hearst Newspapers, and Vice President of Special Projects and M&A within Hearst’s corporate finance group.

Gabby began her career as an investment banking analyst in the Media & Telecommunications Group at Merrill Lynch and later joined global growth equity firm General Atlantic, where she focused on consumer, media, and technology investments. She subsequently moved into an operating role, leading the customer insights division at Rent the Runway as an early employee during a period of rapid growth.

Gabby holds a bachelor’s degree from Cornell University.

Michal Edelman

Senior Director, Fitch Ventures

Linkedin — Michal Edelman (opens in a new tab)

Michal Edelman is the Senior Director of Ventures for Fitch Group where she focuses on early-stage and growth investing and strategic partnerships on behalf of the firm.

Prior to Fitch, Michal was an investor at Amex Ventures, where she focused on fintech, commerce, and emerging technologies, and helped drive collaboration and strategic partnerships between portfolio companies and American Express business units. She began her career in investment banking in the Consumer Retail Group at Barclays and later worked in business development and consulting at Traub.

Michal holds an MBA from The Wharton School and a BA in Economics and Social History from Barnard College.

Sanjana Kondapalli

Senior Analyst, Fitch Ventures

Linkedin — Sanjana Kondapalli (opens in a new tab)

Sanjana Kondapalli is a Senior Analyst in M&A and Ventures at Fitch Group, where she focuses on evaluating strategic investments, acquisitions, and partnerships to support the firm’s growth initiatives.

Prior to Fitch, Sanjana was an Investment Banking Analyst at Citi in the Financial Institutions Group. Sanjana holds a BS in Finance from The University of South Carolina.

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