London-based 13books Capital, a enterprise capital agency investing on the late Seed and Sequence A stage, introduced that it has closed a £121M (roughly €144M) fund geared toward supporting the next-gen fintech disruptors, regardless of a difficult fundraising atmosphere.
The brand new fund is backed by British Affected person Capital, Kreditanstalt für Wiederaufbau (KfW), Isomer Capital, and IPGL.
What to anticipate from the brand new fund?
The £121M fund will permit 13books Capital to assist high founders in creating future monetary applied sciences. Investments will deal with Seed to Sequence A phases, with ticket sizes starting from £1M to £7M (roughly between €1.19M to €8.33M).
To this point, 13books Capital has backed 19 fintech firms, with investments together with Roadzen, Hepster, Coincover, Runa, Billhop, Thirdfort, Duco, nCino, Fenergo, and ErisX.
Founders profit from the agency’s community of 34 “world-class” founders and trade leaders, together with Restricted Companions (LPs), who supply entrepreneurial expertise, connectivity, and experience.
The agency additionally welcomes two new institutional Restricted Companions (LPs), British Affected person Capital and KfW Germany, who be a part of Isomer Capital and IPGL on the Fund’s Restricted Companion Advisory Committee (LPAC).
The fund has made a “robust” begin with investments in 5 firms over the previous six months. These embrace Sequence A investments in Aria, an API-enabled invoicing platform, and Ramify, a digital wealth administration platform, each poised to steer in Europe’s digital monetary companies.
Michael McFadgen, Companion at 13books Capital, says, “It’s clear that European fintech entrepreneurs need a sector-focused, founder-focused enterprise platform that has meaningfully impactful networks throughout the trade.”
“We imagine European fintech is coming into a golden interval, and we thank our LPs and founders for his or her belief and look ahead to supporting the subsequent technology of pioneering fintech entrepreneurs.”
13books has additionally promoted Meera Bissoondeeal, Nitya Gupta, and Aleksandra Tyurina to Principal, recognising their contributions and efficiency.
Transient about 13books Capital
Launched in 2019, 13books Capital (previously Aspect Ventures) companions with Europe’s high fintech founders, specializing in late Seed and Sequence A investments.
The agency helps startups poised to disrupt the monetary know-how sector by offering capital and strategic steerage to speed up development and market enlargement.
For fintech entrepreneurs, 13books Capital provides tailor-made funding options and experience to scale globally.