SixThirty raises $7.2 million amid move to larger investments

SixThirty, the St. Louis-based accelerator and investment fund for financial technology startups, has raised $7.2 million of a planned $20 million, according to a filing with the Securities and Exchange Commission.

The funding will allow SixThirty to increase the size of its typical investment from $100,000 to $250,000.

Atul Kamra, SixThirty’s managing director, said the organization has seen more mature companies applying for funding, which drove the decision to increase its typical investment.

Since its founding, SixThirty has invested $3.7 million in about 35 companies.

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