13books Capital Launches £121M Fintech Fund to Empower Disruptors
UK-based venture capitalist firm, 13books, has recently secured £121 million (approximately €144 million) in commitments from esteemed investors to bolster the fintech ecosystem. In a press release published on its website on Wednesday 17 July 2024, the company seems dedicated to supporting fintech disruptors in the seed and series A funding stages of fintech.
“We are thrilled to announce the launch of our £121M fintech fund, dedicated to supporting the next generation of fintech disruptors.”
The company has garnered support from prominent investors, including British Patient Capital, Kreditanstalt für Wiederaufbau (KfW), Isomer Capital, and IPGL, ranking up to 38 limited partners and over $34 billion worth of businesses built over the years.
“Our investment strategy is designed to support fintech companies that are driving real change in the financial services sector.”We believe that fintech has the power to transform the way we live and work, and we’re committed to supporting the companies that are leading this charge.”
13books investment strategy
13books Capital will deploy the fund to support fintech startups at the seed to Series A stages, with investment sizes ranging from £1-7 million. The company will prioritize startup fintech solutions with solid growth potential, brilliant disruptive solutions, and a clear vision for the future.
The firm has already built a diverse portfolio of 19 fintech companies, including notable investments in Ramify, Aria, Coincover, and Lune. These companies are at the forefront of fintech innovation, and 13books Capital’s support will enable them to scale and achieve their full potential.
To further strengthen its investment capabilities, 13books Capital has promoted Meera Bissoondeeal, Nitya Gupta, and Aleksandra Tyurina to principal. This move demonstrates the firm’s commitment to nurturing talent and ensuring that its investment team is well-equipped to identify and support the most promising fintech opportunities.
