Luxembourg-based MiddleGame Ventures is a venture capital firm focused on early-stage fintech startups. This investment firm raised nearly €272.5 million worth investments from partners over the past decade. And, it hopes to witness better investments this decade due to the fintech innovation happening right now.
Founded in 2018 by Pascal Bouvier, Michael Meyer and Patrick Pinschmidt in Luxembourg, MiddleGame Ventures has its offices in Washington DC and Dublin. It focuses on late seed to Series B fintech companies in Europe and North America that are involved in developing and deploying advanced technologies to reimagine and transform the fintech landscape.
Raises €150M new fund
In a recent development, the fintech-focussed investment frim MiddleGame Ventures has announced that it has raised a new fund of €150 million. The Luxembourg Future Fund (LFF) and the European Investment Fund (EIF) are anchor investors. Apart from these, S&P Global and other institutional, strategic, and family office investors also took part in the funding round. The fund will be open for additional institutional and private investors and will close later in 2020.
The company will use this investment to fund B2B and B2B2C startups that are aimed at transforming the financial services from centralised to decentralised and analogue to digital with an emphasis on back office and middleware solutions.
Pascal Bouvier, a fintech investment veteran and MGV co-founder said, “We are pleased to have new capital from substantial investors to support great, transformational businesses across Europe and the US with our highly focused fund. We are excited to put our platform to work on behalf of investors and the next wave of innovators solving hard problems and re-architecting the industry.”
To focus on new aspects!
MiddleGame Ventures said that this new fund will enable technologies such as regtech, digital identities, financial data and crypto-enabled infrastructure across banking, insurance, asset management, payments, and capital markets.
Backs early-stage fintech firms
Previously, MiddleGame Ventures has backed early-stage fintech companies such as CompareAsia, SimpleSurance, Coverhound, Tandem Bank, and Ripple. Now, the investment firm has already used the new fund to make three representative investments in UK-based companies Railsbank, Nivaura, and Gardenia Technologies.
Stock photo from Per Bengtsson/Shutterstock
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