About The Banc Funds
The Banc Funds is a private equity firm founded in 1986. It is primarily based in Chicago, United States.
Overall The Banc Funds portfolio has seen 16 IPOs and 5 acquisitions, namely Lending Club, Grasshopper Bank and Kasisto Tech. A lot of funds co-invest with The Banc Funds, with names like Veritex Bank sharing a substantial percentage of its portfolio.
The Banc Funds has a team of 5 people, including 2 partners.
Key Metrics
The Banc Funds' Portfolio
They have invested in a total of 36 companies. Their most recent investment was in Bushel (Series C round) on Aug 22, 2023. Here is the most recent investment by The Banc Funds:Date | Company | Round | Amount | Co-Investors |
|---|---|---|---|---|
Aug 22, 2023 | Series C | 2411 | ||
May 25, 2023 | Series D | 3328 | ||
Mar 09, 2023 | Series A | 1395 | and 3 others | |
Sep 09, 2022 | Series C | 5429 | and 4 others |
Here is the portfolio snapshot of The Banc Funds:
Investments by Year
The maximum number of investments were made in 2023
Team profile of The Banc Funds
The Banc Funds has a team of 5 members including 2 Partners located in United States. The Banc Funds' team does not sit on the board of any company as of now.Here is a list of all team members in The Banc Funds:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Chicago | - | ||
Partner | Chicago | - | - | |
Associate | Chicago | - | - | |
Analyst | Chicago | - | - | |
Analyst | Chicago | - |
Co-investors of The Banc Funds
Over the past 40 years, 21 investors have co-invested in The Banc Funds's portfolio companies.
- Top Co-investors of The Banc Funds: 21 investors entered a company along with The Banc Funds. These include investors like Veritex Bank (1 company).
The Banc Funds News
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Synctera Raises $15M in FundingFinSMEs•Mar 11, 2025•Synctera, Fin Capital, Diagram Ventures, First & Main and 16 others
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Bank of the James Financial Group, Inc. (NASDAQ:BOTJ) Stake Lowered by Banc Funds Co. LLCetfdailynews.com•Nov 27, 2023•Bank Of The James, The Banc Funds
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Bushel Raises $26M in FundingFinSMEs•Aug 23, 2023•Bushel, The Banc Funds, 50 South Capital, The Andersons and 4 others
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Nymbus lands $70M to help banks digitally transformTechCrunch+•May 25, 2023•Nymbus, Insight Partners, ConnectOne Bank, People/s Bank and 4 others
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Synctera Announces Expansion Into Canada, Raises $15 Million From Strategic InvestorsBusiness Wire•Mar 09, 2023•Synctera, National Bank of Canada, The Banc Funds, Veritex Bank and 4 others
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Proving that banking as a service is hotter than ever, Treasury Prime raises $40M Series CTechCrunch+•Feb 01, 2023•Treasury Prime, BAM Elevate, The Banc Funds, Invicta Watch and 4 others
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Payments firm Finexio rakes in $14m to spur growthElectronic Payments International•Jul 26, 2022•Finexio, Mendon Capital Advisors, Post Road Partners, Discover and 2 others
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Finexio Raises $14 Million in Initial Close of Series B, Company Valued at $100 MillionGlobeNewswire•Jul 25, 2022•Finexio, EOM Investment, The Banc Funds, Post Road Partners and 3 others
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