Restive Raises $45M for Its Third Fund to Back AI-Powered Fintech

Restive Ventures, an AI-backed venture firm, has raised $45 million for its third venture fund, which focuses on providing AI-related tools for financial services firms. 

The capital raised for the fund, dubbed Restive Fund III, will go towards various investments across autonomous underwriting, agentic payments, and AI-powered financial operations, Restive said. 

The fund, which closed in March, will aim to represent how capital moves in the industry, how risk is assessed, and how tough financial decisions are made over the next decade. 

Fund III is led by co-founders and managing partners Ryan Falveyand, Tyler Griffin, and partner Cameron Peake.  

“Financial services are being rebuilt from the ground up,” Ryan Falvey, co-Founder and managing partner at Restive Ventures, said. “AI is enabling entirely new categories that didn’t exist before. We expect AI to add $1T in new financial services revenue over the next decade, and we intend to back the founders who are pursuing this opportunity early.” 

Fund III comes after Restive’s Fund II, which raised $39 million and is currently marked at a strong 4x net return. 

As of recently, more financial services firms are shifting to incorporate the use of AI tools into their offerings. Earlier this month, AI giant Anthropic joined forces with Blackstone, Goldman Sachs, and Hellman & Friedman to launch a new AI-native enterprise services company, which is designed to accelerate the adoption of its Claude platform across corporate operations.

Pictured: Ryan Falvey (Left), Cameron Peake (Middle) and Tyler Griffin (Right)