Berlin-based embedded/capital has launched a €100 million fund aimed at supporting European fintech startups specifically working with embedded financial services as a core part of their business model. Pre-seed and Seed investment ticket sizes are expected to range from €500,000 to €4 million.
In a strong show of support for this singular vertical-focused fund, the firm’s initial target of €80 million was well oversubscribed, and reports, “we might add some more over the coming weeks as our talks with potential investors progress.”
Launched by finleap founders Ramin Niroumand and Michael Hock, in addition to funding embedded/capital seeks to provide both domain and operational know-how, as well as leverage a well-established network of European financial service providers including institutional players, unicorn founders, and top-tier investors to support its ventures.
”We continue doing what we love most: Helping founders in the most critical stages to succeed. The Berlin fintech ecosystem has made incredible progress over the last few years, and it's exciting that the new generation of fintechs can build on the platforms created. For us, embedded/capital is the logical next step to coach this generation of founders,” commented Niroumand.
The fund has already made investments in five companies including Pliant, Nelly, and Bezahl, totalling almost €10 million initial investments before the first closing of the fund.
embedded/capital is backed by a host of individuals including Solarisbank’s Roland Folz, former Ferrari CTO Michael Leiters, and Cherry Ventures founding partner Filip Dames.
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