MiddleGame Ventures announces €150m fund focusing on European fintechs

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On Monday (25 November), MiddleGame Ventures, a fintech-focused investment firm, announced that it has raised a new fund targeting post-seed Series A and Series B lead investments in Europe and North America.

Established in 2018 by Pascal Bouvier, Michael Meyer and Patrick Pinschmidt, MiddleGame Ventures is headquartered in Luxembourg with offices in Dublin and Washington DC.

Bouvier and Meyer have substantial fintech investment experience, having co-founded Route 66 Ventures and consulted with Santander InnoVentures. Pinschmidt was a senior official at the US Treasury Department, following a decade as a sell-side research analyst covering financial services for Morgan Stanley and Merrill Lynch.

MiddleGame Ventures also runs the NadiFin growth stage accelerator which is run in Luxembourg.

The €150m fund

The group’s new venture fund will invest in and partner with B2B and B2B2C start-ups driving the transformation of financial services from analogue to digital and from centralised to decentralised, with an emphasis on middleware and back office-solutions.

MiddleGame Ventures said its remit extends to enabling technologies such as regtech, digital identities, financial data and crypto-enabled infrastructure across banking, asset management, insurance, payments and capital markets.

The Luxembourg Future Fund (LFF) and the European Investment Fund (EIF) are anchor investors in the new fund, while other investors include institutional, strategic and family offices. The fund remains open to additional institutional and private investors ahead of a final close later in 2020.

Commenting on the €150m fund, Bouvier said: “We are pleased to have new capital from substantial investors to support great, transformational businesses across Europe and the US with our highly focused fund.

“Our investors agree that specialist funds with experience working with entrepreneurs, incumbent financial institutions and regulators are best placed to thrive in an environment characterised by financial and technological cross-currents and significant regulatory constraints. We are excited to put ...

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