Leading venture capital firm launches €150 million fund

MGV aims to collaborate with B2B and B2B2C startups developing financial services, with an emphasis on middleware and back-office solutions  

Investment

Leading venture capital firm launches €150 million fund. Source: shutterstock.com

MiddleGame Ventures announced the launch of a fintech-raised fund targeting lead investments in Europe and North America.

Our investors agree that specialist funds with experience working with entrepreneurs, incumbent financial institutions and regulators are best placed to thrive in an environment characterised by financial and technological cross-currents and significant regulatory constraints. 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
Pascal Bouvier, co-founder of MGV

Its sphere extends to enabling such technologies, as RegTech, Digital Identities, “FinData” and crypto-enabled infrastructure across banking. In addition to that,  the fund will carry out asset management, insurance, payments, and capital markets.

As to the major investors of the MGV fund, the Luxembourg Future Fund (LFF) and the European Investment Fund (EIF) are anchor shareholders. At the same time, S&P Global is among other institutional, strategic and family office investors.

The fund is still open to additional institutional as well as private investors by 2020.

MGV partners have already invested over $300 million in early-stage financial services firms over the past 10 years. Those are Ripple, Tandem Bank, SimpleSurance, Coverhound, and CompareAsia.

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