DES MOINES, Iowa–Curql Collective has announced the availability of investment opportunities in the group’s flagship – Curql Fund I.
“The only fund of its kind, Curql offers a key competitive advantage as the gateway for fintech access to credit unions – and the only gateway that can deploy money at the speed of a VC,” said Members Development Co., which launched the fund.
As CUToday.info reported, the fund recently announced its first close, reaching an initial fundraising goal in excess of $70 million.
According to MDC, the fund was created and launched to the industry after recognizing the need to make a serious commitment to technology to ensure continued growth and stability for the credit union community.
Fund’s Management
The fund is managed by Next Level Ventures (NLV), the largest investment firm managing credit union assets.
“We are very pleased to be ahead of our fundraising goals,” said NLV Managing Partner Craig Ibsen. “The simple fact that this fund was created and credit unions are coming to the table as investors at a faster pace than we anticipated is a clear indication of the importance the industry is placing on technology and ensuring opportunities for continued growth and stability in a competitive landscape."
To date, NLV has onboarded 25 investors and looks forward to welcoming additional investors as they enter this next phase in fundraising. MDC said credit unions seeking investment opportunities in Curql Fund I should contact Craig Ibsen of NLV at (515) 369 -2600 or email at info@nextlevelvc.com.