Gabby Munoz, managing director at Hearst Ventures, the corporate venture capital arm of US media group Hearst Group, has joined the parent company’s UK-based financial services subsidiary Fitch Group.
Munoz rejoined Hearst Ventures in July 2024 after a nearly two-year stint as senior vice president, M&A, strategic investments and strategy at another sister unit, Hearst E-Commerce.
Prior to that, she spent over a decade at Hearst in different roles, including nearly four years as managing director at Hearst Ventures from 2019.
Fitch operates ratings agency Fitch Ratings and credit risk management platform Fitch Solutions. Munoz will be managing director and global head of M&A and venture investments at Fitch, helping the firm back or acquire financial services companies.
While Hearst has been active in corporate venturing initiatives through its Hearst Ventures and HearstLab subsidiaries, Fitch Ventures has disclosed fewer investments to date.
Most recently, Fitch Ventures provided $5.5m in series A funding to debt market news provider Bixby Research and Analytics in August 2023, before Fitch acquired it for an undisclosed size four months later.
Non-financial risk management platform Acin and AI-based market data aggregation service Overbond AI are also among Fitch Ventures’ portfolio companies.
