BankTech Ventures
About BankTech Ventures
BankTech Ventures launched in 2021 and is based in Sandy, Utah. Its first close in November 2021 raised $55 million from community bank limited partners, against a stated target of $150 million to $200 million. The firm reports more than $150 million under management in its fifth year and more than 125 participating banks. General partners come from Sunwest Bank, Coastal Financial, Hovde Group and the ICBA, and Carey Ransom is listed as a managing director. The American Bankers Association has invested in BankTech Ventures Fund II, though its size is not public. The partners who lead AI deals are not named in the sources reviewed. The firm is an Official Community Partner of Fintech NerdCon 2026 and has been an ABA Partner Network Gold Member since August 2024.
The firm backs early-stage companies whose products help banks keep and grow deposits, diversify revenue, improve customer experience and run more efficiently. In a 2026 announcement it said it had put more than $15 million into several fintechs over six months. One of them, Spring Labs, uses AI-native automation to handle post-customer contact management and bank-wide governance, risk and compliance work. Most of its limited partners are community banks, which gives the fund a bank-side network around each investment. The firm's LinkedIn profile ties its focus to early-stage technology companies that support the future of community banking, and says it works with more than 100 community banks as investors.
Lounge lists Seed and Series A as focus stages, and a third-party investor directory also records Series B. Its own materials describe the portfolio as early-stage. Typical check sizes and ownership targets are not public. The one AI check size on record is the $5 million seed round in Spring Labs (May 2026), taken from the Lounge deals desk. PitchBook lists the firm as actively seeking new investments.
- Spring Labs: AI-native automation for post-customer contact management and compliance across financial institutions; Seed, $5M (May 2026)
- Other 2026 investees, such as Coinbax (stablecoin payments), are not AI-focused and are not listed here.
- crunchbase.com/organization/banktech-ventures
- icba.org/w/icba-announces-close-of-first-banktech-ventures-investment-
- icba.org/w/icba-introduces-banktech-ventures-investment-fund
- finextra.com/pressarticle/111165/american-bankers-association-invests-
- businesswire.com/news/home/20260625464368/en/BankTech-Ventures-Deploys
- banktechventures.com/author/banktech-ventures
- aba.com/experts-peers/partner-network/directory/banktech-ventures
- pitchbook.com/profiles/investor/482514-58
Investing activity
BankTech Ventures appears in 1 AI deal tracked by the AI Lounge deals desk, and led 1 of them. The rounds are mostly Seed, with a median round size of $5M. The most recent is Spring Labs Holdings, Inc. (Seed, $5M, May 2026).
BankTech Ventures most often invests alongside Haymaker Ventures and Wave Digital Assets, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about BankTech Ventures
Where is BankTech Ventures based?
BankTech Ventures is based in Sandy, Utah, at 10011 Centennial Parkway, Suite 450. Its investors are mostly community banks.
When was BankTech Ventures founded?
BankTech Ventures was launched in 2021. Its first close in November 2021 raised $55 million.
Which stages does BankTech Ventures invest in?
Seed and Series A are the stages on Lounge's focus list, and an investor directory also records Series B. Check sizes are not public, and PitchBook lists the firm as actively seeking new investments.
Does BankTech Ventures invest in AI companies?
Yes. Its 2026 investments include Spring Labs, an AI-native automation company for bank compliance and customer-contact work.
Who runs BankTech Ventures' investment decisions?
General partners come from Sunwest Bank, Coastal Financial, Hovde Group and the ICBA, and Carey Ransom is listed as a managing director. AI-specific deal leads are not named in public sources reviewed.
What AI companies has BankTech Ventures invested in?
BankTech Ventures's AI investments include Spring Labs Holdings, Inc.. The 1 round on AI Lounge are listed on this page with amounts, dates and co-investors.
What stage does BankTech Ventures invest at?
In the rounds tracked on AI Lounge, BankTech Ventures has invested at Seed, with a median round of $5M. BankTech Ventures led 1 of those rounds.
Who does BankTech Ventures co-invest with?
BankTech Ventures's most frequent co-investors on AI Lounge are Haymaker Ventures (1 deal) and Wave Digital Assets (1 deal).
How can founders reach BankTech Ventures?
Founders on AI Lounge can see BankTech Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add BankTech Ventures to their Investor Pipeline to track the conversation.