TLDR:
- MiddleGame Ventures secures €52 million for its third early-stage investment fund in the FinTech sector.
- The fund aims to support European FinTech pioneers and target post-seed, Series A, and Series B investment stages in various financial sectors.
MiddleGame Ventures (MGV) has secured €52 million in the initial closing of its third early-stage investment fund, targeting a final close of €150 million by early 2025. The fund focuses on supporting the next generation of European FinTech pioneers across established and emerging financial service verticals. With a focus on post-seed, Series A, and Series B investment stages, the fund aims to invest in companies operating in deep-tech and cybersecurity sectors that complement FinTech solutions.
The fund has garnered commitments from prominent investors, including the European Investment Fund (EIF), the Ireland Strategic Investment Fund (ISIF), S&P Global, and the Luxembourg Future Fund (LFF), among others. Pascal Bouvier, Co-Managing Partner at MGV, highlighted the value of specialist FinTech funds in fostering innovation and expressed gratitude for the investor support.
Investors also emphasized the importance of supporting FinTech’s role in improving financial services. Marjut Falkstedt, Chief Executive of the EIF, highlighted the role of Fintech companies in developing new digital solutions. The fund’s focus on early-stage innovation and its backing from prominent investors suggest it will play a significant role in shaping the future of European FinTech.
MGV has a history of supporting successful early-stage FinTech ventures and guiding entrepreneurs through the complexities of the growth stage. With the successful initial closing, the firm’s third fund is poised to support the next generation of FinTech companies that are transforming the financial services landscape. The fund’s focus on early-stage innovation and its backing from prominent investors indicate continued interest in early-stage companies with potential to disrupt and reshape the financial services industry.
Overall, MGV’s third fund highlights the ongoing interest in supporting innovative FinTech startups and shaping the future of the European FinTech sector.
