The £121M fund will allow 13books Capital to support top founders in developing future financial technologies. Investments will focus on Seed to Series A stages, with ticket sizes ranging from £1M to £7M (approximately between €1.19M to €8.33M).
The fund has made a 'strong' start with investments in five companies over the past six months, including Series A investments in Aria, an API-enabled invoicing platform, and Ramify, a digital wealth management platform, both poised to lead in Europe's digital financial services.
Michael McFadgen, Partner at 13books Capital, says, 'It is clear that European fintech entrepreneurs desire a sector-focused, founder-focused venture platform that has meaningfully impactful networks across the industry.'
McFadgen also stated, 'We believe European fintech is entering a golden period, and we thank our LPs and founders for their trust and look forward to supporting the next generation of pioneering fintech entrepreneurs.'
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