Core Innovation Capital Raises $71M In New Fund

Los Angeles-based Core Innovation Capital, the fintech investment firm led by Arjan Schutte and Kathleen Utecht, has just raised $71.5M in a new fund, Core Innovation Capital II, L.P., according to a regulatory filing by the company on Thursday. The fund's target size was $75M, and the filing indicates another $3.47M still remains to be raised in the fund. Core Innovation Capital has been among the most active investors in the Los Angeles area, although the firm invests nationwide in financial technology companies. The company's investments include Honest Dollar, Mirador Lending, CoverHound, Ripple Labs, Vouch, and many others.