The Banc Funds Company
What they invest in
from 1 of 2 portfolio companiesDeveloper Tools Γ1Enterprise Software Γ1Fintech Γ1SaaS Γ1
HQs:United StatesΓ2
Investments Β· 2 tracked
founders shown can be your intro pathMiami Beach, US
Alexander Lopatine(Executive Officer)Harry J Flood(Executive Officer, Director)David J Wright(LLC Manager)Scott W Killoh(Executive Officer, Director)
BoardCian Cotter(Director)Peter Sobiloff(Director)
Co-investorsCurql Collective, LLCLaunchpad CapitalNext Level VenturesInsight Partners
Synctera offers a banking-as-a-service platform with a single set of APIs covering core banking, card processing, money movement, and end-user onboarding, so companies can build fintech and embedded finance products.
Developer ToolsEnterprise SoftwareFintechSaaSPalo Alto, US
Peter Hazlehurst(Executive Officer, Director)in
BoardLogan Allin(Director)inFrederic Latreille(Director)inWilliam Kohler(Director)Ansaf Kareem(Director)Yvette Butler(Director)
Co-investorsDiagramEvolution VenturesFin CapitalFlucas VenturesNAventuresNeythri Futures Fund+6 more
Portfolio news
latest coverage across their companiesSynctera Β· finovate.com Β· Mar 17, 2025
Fund performance Β· per public LP disclosures Β· 6
as of Dec 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| Banc Fund X, L.P.LPs: Washington State Investment Board, Minnesota State Board of Investment | 2018 | β | 5.9% | 1.37x | 0.19x |
| Banc Fund IX, L.P.LPs: Minnesota State Board of Investment, Washington State Investment Board | 2014 | β | 6.3% | 1.56x | 1.48x |
| Banc Fund VIII, L.P.LPs: Minnesota State Board of Investment, Washington State Investment Board, Michigan Municipal Employees' Retirement System | 2008 | β | 12.7% | 2.10x | 2.15x |
| Banc Fund VII, L.P.LPs: Michigan Municipal Employees' Retirement System, Washington State Investment Board | 2005 | β | 3.9% | 1.50x | 1.52x |
| Banc Fund V, L.P.LPs: Washington State Investment Board | 1998 | β | 15.6% | 2.30x | 2.28x |
| Banc Fund IV, L.P.LPs: Washington State Investment Board | 1996 | β | 15.6% | 2.30x | 2.30x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).