MissionOG co-led a $42 million round for FactorTrust, an Atlanta fintech company.
After investing locally in companies like PeopleLinx, Cloudamize and OneTwoSee, the Center City investment firm has seemed to shift focus and set it sights on fintech companies around the world. Its managing partners come from the fintech industry, including partners Kevin O’Nell, Drew Kese and Andrew Newcomb, who were executives at Conshohocken-based Ecount, which got acquired by Citigroup in 2007 for $220 million.
The other lead investor was ABS Capital Partners, which has offices in Baltimore and San Francisco.
FactorTrust also hired Michael Heller, a MissionOG advisor, as president, according to this Atlanta Business Journal report.
MissionOG has been raising a $50 million fund since last year. They’ve raised more than $19 million, according to an SEC filing from August.
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