Sheel Mohnot
VCCo-Founder & General Partner, Better Tomorrow Ventures
Fintech-focused pre-seed and seed investor
Background
Sheel Mohnot is Co-Founder and General Partner at Better Tomorrow Ventures (BTV), a fintech-focused early-stage fund with over $300M AUM across three funds. He previously founded and exited two fintech companies: FeeFighters (acquired by Groupon) and Innovative Auctions. BTV operates under the thesis that 'everything is fintech,' backing vertical SaaS and embedded finance businesses at pre-seed and seed. The firm is composed entirely of former fintech founders and operators rather than career investors. Mohnot has also been an angel investor in companies including Albert, Coinbase, Flexport, and Ironclad.
Investment Thesis
Everything is fintech — many vertical SaaS companies derive their majority revenue from embedded financial services at scale. BTV backs pre-seed and seed fintech founders globally with checks of $500K–$3.5M.
Investment Focus
Stages
Typical check: $500K–$3.5M
Sectors
Based in: San Francisco, CA (North America)
Notable Investments
Unit
Banking-as-a-service; valued at $1.2B
Coast
Fleet payments platform
Relay
SMB online banking; surpassed $1B in deposits in 2025
Ironclad
Digital contracts platform
Albert
Consumer fintech app
Ramp
Corporate spend management; angel investment
Mercury
Business banking; angel investment
Coinbase
Early angel investment; NASDAQ: COIN