Office address: 11 Pearl St, San Francisco, CA 94103
Website: www.btv.vc
Year established: 2019
Company type: venture capital and private equity principals
Employees: 6
Expertise: venture capital, fintech, insurtech, regtech, payments, digital banking, lending, wealth management, blockchain, SaaS, marketplaces, proptech, financial infrastructure, cybersecurity, data analytics, e-commerce
Parent company: N/A
Key people: Jake Gibson and Sheel Mohnot (founding partners), Nihar Bobba (principal), JC Bahr-de Stefano (investor), Yoni Lateiner (head of talent), Sloane Gerritzen (CoS)
Financing status: N/A
Better Tomorrow Ventures (BTV) is a venture capital firm specializing in early-stage fintech investment, with over $225 million in assets under management. They aim to support founders as a strategic, highly engaged partner and have made over 100 fintech investments globally. With a team of seasoned operators, it co-invests with top venture capitalists to fuel early-stage fintech companies’ growth worldwide.
Better Tomorrow Ventures was founded in 2019 by Jake Gibson and Sheel Mohnot, longtime partners in fintech innovation. Gibson, co-founder of NerdWallet, and Mohnot, who achieved two fintech exits, sought to support startups reshaping financial services. The firm was established to guide early-stage fintech founders from idea to IPO, fostering global financial transformation.
Their investments span traditional fintech, vertical SaaS, and marketplace companies, reflecting a broad perspective on financial technology. Recently, BTV raised a second fund of $225 million, significantly expanding its capacity to back emerging fintech companies. This larger fund underlines their ongoing commitment to the rapid evolution of the financial sector.
Better Tomorrow Ventures offers an array of services tailored to the unique needs of early-stage fintech startups:
Better Tomorrow Ventures’ services reflect a commitment to helping fintech startups grow, with investments ranging from $500,000 to $4 million.
Better Tomorrow Ventures fosters a collaborative, founder-focused culture that balances support with strategic guidance. The team is passionate about fintech and aligns with founders’ visions, offering responsive, constructive feedback. BTV’s staff operate as true partners, combining encouragement with direction, creating a workplace that reflects these values.
BTV’s environmental, social, and governance (ESG) approach emphasizes the role of financial services in expanding access and creating economic opportunities. The B Impact Assessment motivates portfolio companies to prioritize diversity and employee well-being. Although Better Tomorrow Ventures is not branded as an impact fund, its portfolio showcases its dedication to positive outcomes in finance:
Diversity and inclusion are core to Better Tomorrow Ventures' culture. They focus on investing in underrepresented founders and supporting a wide range of entrepreneurs. Their internal practices foster an inclusive environment that values individuality and builds a strong sense of community.
Jake Gibson, a founding partner, supports entrepreneurs and small businesses using his extensive experience in fintech and early-stage investments. Before BTV, he was an investor at 500 Fintech, a board member at GiveWell, co-founder of NerdWallet, and VP at JPMorgan Chase. Gibson holds two bachelor’s degrees from MIT in Math and Management Science.
Sheel Mohnot, co-founder and general partner, invests in transformative technology and products that improve lives. He previously served on the boards of Coast and Unit, founded 500 Fintech, co-founded The Pitch Podcast, and was an adjunct professor at Illinois Tech. Mohnot holds a bachelor’s degree from Carnegie Mellon and an MBA from the University of Michigan.
The key people at Better Tomorrow Ventures bring diverse expertise to drive success for their portfolio companies:
Better Tomorrow Ventures’ recent activities display its role as a proactive investor in fintech’s future. The company led a funding round for Agree.com, supporting innovations in agreements management that streamline financial transactions. Through such investments, BTV aims to grow its portfolio and attract pioneering startups that enhance financial services.
The company continues to back forward-thinking fintech companies, recently co-leading a funding round for Deck, a utility data access provider. This investment aligns with their goal of supporting startups that simplify complex processes through innovative tech solutions. By strategically funding ventures like Deck, Better Tomorrow Ventures expands its influence in fintech and boosts its portfolio’s value with impactful companies.
