Gilgamesh Ventures is a New York City-based early-stage venture capital firm founded in 2021 by Miguel Armaza and Andrew Endicott. The firm specializes in fintech investments across the Americas, focusing on startups that accelerate the pace of commerce. With a team that brings deep operational and financial expertise, Gilgamesh Ventures aims to support founders building transformative financial services companies.
Gilgamesh Ventures targets early-stage fintech startups, particularly those in B2B, B2C, and B2B2C models. The firm invests in companies that leverage technology to enhance financial services, with a focus on sectors such as payments, lending, wealth management, and capital markets infrastructure.
Gilgamesh Ventures seeks to back founders with strong market fit and the potential to scale rapidly across the Americas.
In May 2025, Gilgamesh Ventures announced the closing of its second fund, bringing its total assets under management to $35 million.
Fund II saw continued support from existing institutional investors, including Foundation Capital, GBM Ventures, and Encore Bank, as well as strategic founders like Renaud Laplanche (Upgrade) and Dan Henry (Green Dot). The firm plans to increase its typical check size for initial investments to around $400,000–$600,000 in Fund II, up from $150,000–$250,000 in Fund I. Gilgamesh Ventures aims to invest in companies that leverage AI-native approaches to scale efficiently, with a focus on startups that have the potential to achieve significant growth within 18 months.
Leadership
The firm is led by co-founders Miguel Armaza and Andrew Endicott. Armaza brings experience from his time as a banker at Citi and MUFG, as well as hosting the Fintech Leaders Podcast. Endicott co-founded Petal, a fintech company in the credit card space, and has a background in investment banking and corporate law. Paula You joined the team as a partner in 2022, bringing experience in public and private markets and operations.
Gilgamesh Ventures has invested in 44 startups across more than 10 global markets since its inception. The firm emphasizes backing companies that use capital efficiently and have the potential to deliver strong returns on invested capital. Gilgamesh Ventures also values diversity in its portfolio, with a commitment to supporting founders from various backgrounds.
Notable Investments
Gilgamesh Ventures' portfolio includes notable fintech companies such as Baselayer, a business identity verification startup; Nexu, a Mexican auto point-of-sale provider; Xepelin, a Mexican SME financing platform; and Cayena, a Brazilian restaurant procurement platform. These investments reflect the firm's focus on supporting innovative financial services companies across the Americas.
