Canapi Ventures, a VC firm focussed on fintech startups, has raised $750 million for its second fund. : Canapi Ventures, a VC firm focussed on fintech startups, has raised $750 million for its second fund. Founded by former Comptroller of the Currency Gene Ludwig and Live Oak Bancshares CEO Chip Mahan, Canapi launched with its first fund in 2020, securing backing from more than 30 banks and strategic investors for a $545 million fund.