Fika Ventures Closes $160 Million Fund IV

Fika Ventures has closed Fika Ventures IV LP with $160 million in capital. Fund IV, like the firm’s earlier funds, will focus on investing in North America-based pre-seed and seed-stage B2B software companies, particularly those leveraging artificial intelligence (AI) to drive innovation in vertical SaaS, fintech, commerce enablement, marketplaces, and healthcare sectors.

Despite strong demand from limited partners, Fika deliberately kept Fund IV at the same size as Fika Ventures III LP, which closed in August 2021, to maintain a concentrated portfolio. This approach enables the firm to continue providing the high touch support it offers to portfolio companies. Fika’s venture capital strategy is inspired by the Swedish concept of “fika,” emphasizing taking time to build meaningful relationships.

“At Fika, venture capital isn’t just about writing checks — it’s about building real, lasting partnerships with extraordinary founders,” said TX Zhuo, a general partner at Fika Ventures. “With Fund IV, we are deepening our commitment to providing hands-on collaboration and unwavering support to entrepreneurs through every stage of the company-building journey.”

Founded in 2016, Fika Ventures has made over 80 investments in B2B software companies, achieving 10 successful exits. Its current and past portfolio companies include: BuildOps, a provider of all-in-one field service management software; Payabli, a payment infrastructure and monetization platform; OpenPath, a provider of touchless access controls for businesses and landlords, acquired by Motorola in July 2021; Edge Impulse, a provider of machine learning models for embedded systems; and Noyo, which provides infrastructure for health insurance enrollment.

“Our job is to earn the right to be true partners to our founders by providing tangible, high-impact assistance from Day One,” said John Chen, a general partner at Fika. “With Fund IV, we are doubling down on our proven model of serving as an extension of our founders’ teams and working tirelessly to help them scale.”

“The Fika team has been invaluable partners to Payabli,” said Jo Elias Phillips, the CEO of Payabli. “Time and again they’ve been accretive and trusted partners, from finding us new hires and advisors to introducing us to prospects and providing strategic guidance in all facets of scaling a hyper-growth startup.”

“Being a founder is less lonely with Fika,” said Jake Cronin, the CEO of Siro, a Fika-backed company. They have our backs any time of day, any day of the week.”

Alongside the closing of Fund IV, Arteen Arabshahi has rejoined the firm as a General Partner following his tenure at Route, where he gained valuable experience in scaling a high-growth company. In addition, Fika promoted Natalie Paz to Chief Financial Officer and Gabriella Brignardello to Principal.

Fika Ventures is headquartered in Culver City, California, near Los Angeles. With the closing of Fund IV, the firm now has total assets under management of over $500 million.