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Today: October 5, 2024
April 30, 2024
1 min read

London’s Andrena Ventures secures €111M fund to support fintech

TLDR:

  • Gideon Valkin, a former Monzo and ClearScore commercial leader, launches Andrena Ventures, an €11.1 million fund backed by tech founders and VC leaders.
  • The fund’s first investment is in Nustom, an AI-powered software-building startup.

London-based Andrena Ventures, founded by Gideon Valkin, has reached the first close of its €11.1 million fund to support Europe’s fintech mafias. The fund is backed by global tech leaders, including former employers of Valkin. The first investment of the fund is in Nustom, a new AI-powered software-building startup founded by Monzo co-founding CTO, Jonas Templestein.

Valkin believes that Europe’s founding teams are using their experiences to solve future problems in various sectors. The fund allows Valkin to provide personalized support to the leaders he invests in, combining the network of institutional funds with the operational know-how delivered by angels. This approach aims to offer more than just capital to today’s founders.

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