UK’s 13books Capital closes €144m fintech fund

Based in London 13books Capitala venture capital firm that invests at the Seed and Series A stages, has announced that it has closed a £121 million (approximately €144 million) fund aimed at supporting new fintech innovators, despite a difficult fundraising environment.

The new fund is supported by British Patient Capital, Kreditanstalt für Wiederaufbau (KfW), Isomer capitaland IPGL.

What to expect from the new fund?

The £121m fund will enable 13books Capital to support top founders in developing future financial technologies. Investments will focus on the Seed to Series A stages, with ticket sizes ranging from £1m to £7m (approximately €1.19m to €8.33m).

To date, 13books Capital has backed 19 fintech companies, with investments including Roadzen, Hepster, Coincover, Runa, Billhop, Thirdfort, Duco, nCino, Fenergo, and ErisX.

Founders benefit from the firm’s network of 34 “world-class” founders and industry leaders, including limited partners (LPs), who offer entrepreneurial experience, connectivity and expertise.

The Company also welcomes two new institutional Limited Partners (LPs), British Patient Capital and KfW Germany, who join Isomer Capital and IPGL on the Fund’s Limited Partner Advisory Committee (LPAC).

– A message from our partner –

The fund is off to a “strong” start with investments in five companies in the past six months. These include Series A investments in Aria, an API-enabled invoicing platform, and Ramify, a digital wealth management platform, both poised to lead the charge in digital financial services in Europe.

Michael McFadgen, partner at 13books Capital, says: “It’s clear that European fintech entrepreneurs want a venture capital platform that is industry- and founder-focused, with networks that have significant impact across the industry.”

“We believe that 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.”

13books also promoted Meera Bissoondeeal, Nitya Gupta and Aleksandra Tyurina to the role of Principal, recognizing their contributions and performance.

Briefly about 13books Capital

Launched in 2019, 13books Capital (formerly Element Ventures) works with top European investors financial technology founders, focusing on late Seed and Series A investments.

The firm supports startups set to disrupt the financial technology industry by providing capital and strategic advice to accelerate growth and market expansion.

For fintech entrepreneurs, 13books Capital offers customized investment solutions and expertise to grow globally.

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