Fintech
13books Capital announces £121m fund for fintech disruptors
13books Capital announces the close of a £121m fund dedicated to fueling the next wave of financial technology (fintech) disruptors. The fund continues 13books Capital’s commitment to backing visionary founders who are reshaping the future of financial services.
To date, the team has invested in 19 fintech companies and has a proven track record of successful investments, including Roadzen, Hepster, Coincover, Runa, Billhop, Thirdfort, Duco, nCino, Fenergo, and ErisX. The founders benefit from the firm’s network of 34 world-renowned founders and industry leaders, such as Limited Partners (LP), who provide unparalleled entrepreneurial experience, connectivity, and expertise.
The new £121m fund will enable 13books Capital to continue supporting the best and boldest founders building tomorrow’s financial technology. Investments will be made primarily at the Seed to Series A stages, with ticket sizes ranging from £1m to £7m.
The fund is already off to a strong start, with investments in five promising portfolio companies in the past six months. These include Series A investments in Aria, an API-enabled embedded invoicing platform, and Ramify, a digital wealth management platform, both with the potential to become category leaders in the future of digital financial services in Europe.
The firm welcomes two new institutional LPs, British Patient Capital and KfW Germany, who join Isomer Capital and IPGL on the fund’s Limited Partner Advisory Committee (LPAC).
Michael McFadgen, partner at 13books Capital, said:
“It is clear that European fintech entrepreneurs want an industry- and founder-focused venture capital platform with impactful networks across the industry. We believe European fintech is entering a golden age and we thank our LPs and founders for their trust and look forward to supporting the next generation of pioneering fintech entrepreneurs.”
Main image: 13book Capital. Photo: Uncredited.