13books Capital is announcing the closing of a £121 million fund dedicated to fuelling the next wave of financial technology (fintech) disruptors. This fund continues 13books Capital's commitment to backing visionary founders 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. Founders benefit from the firm's network of 34 world-class founders and industry leaders, such as Limited Partners (LPs), who provide unparalleled entrepreneurial experience, connectivity, and expertise.
The new £121 million fund will enable 13books Capital to continue supporting the best and boldest founders building tomorrow’s financial technology. Investments will be primarily made at Seed to Series A stages, with ticket sizes ranging from £1 to 7 million.
The fund has already made a strong start, with investments in five promising portfolio companies in the last six months. These include Series A investments in Aria, an API-enabled embedded invoicing platform, and Ramify, a digital wealth management platform, both of whom have the potential to become category leaders in Europe’s digital financial services future.
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, stated:
"It is clear that European fintech entrepreneurs desire a sector-focused, founder-focused venture platform that has meaningfully 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."
Lead image: 13book Capital. Photo: uncredited.
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