London-based venture capital firm 13books Capital has announced the closure of a £121 million fund specifically aimed at financing the next group of FinTech disruptors. The firm will primarily invest in seed to Series A stages, with ticket sizes ranging from £1 million to £7 million. The team has so far invested in 19 FinTech companies across Europe, with new additions such as Aria and Ramify in the last six months. The company has welcomed British Patient Capital and KfW Germany as new institutional LPs, who will join Isomer Capital and IPGL on the Fund’s Limited Partner Advisory Committee. The firm has also promoted Meera Bissoondeeal, Nitya Gupta, and Aleksandra Tyurina to principal roles.
According to Michael McFadgen, partner at 13books Capital, European FinTech entrepreneurs desire a sector-focused, founder-focused venture platform that has meaningful, impactful networks across the industry. “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,” he added. The fund has already made significant investments in five promising portfolio companies in the past six months, including an API-enabled embedded invoicing platform and a digital wealth management platform.
