UK-based Element Ventures is a B2B fintech-focused VC fund that backs companies that utilise technology to deliver competitive advantages in B2B verticals. In a recent development, the VC firm announced a $130M (approx €109.4M) fund to invest in the financial enterprise technology businesses.
Investors in the fund
The investors in the fund include more than 30 founders and executives from across the financial sector. These include Lord Spencer (founder of ICAP/NEX Group); Laurent Useldinger (founder of ULlink); Cris Conde (former CEO of SunGard); Marc Murphy (founder of Fenergo); Hamilton Matthews (former CEO Acuris); Pierre Naude (co-founder of nCino); Neil Eckert (founder of Brit Insurance); Brendan Woods (founder of Autoentry); David Rutter (founder of R3); Christian Nentwich (founder of Duco and Anna Ewing, former Nasdaq CIO).