13books Capital has closed a £121 million fund dedicated to fuelling the next wave of FinTech disrupters.
The London VC will make investments primarily at seed to Series A stages, with ticket sizes ranging from £1-7m.
To date, the team has invested in 19 FinTech companies across Europe including Roadzen, Hepster, Coincover, Runa, Billhop, Thirdfort, Duco, nCino, Fenergo, ErisX and Crezco.
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.
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.
Raising investment is like driving on a motorway while building the car
“It is clear that European FinTech entrepreneurs desire a sector-focused, founder-focused venture platform that has meaningfully impactful networks across the industry,” said Michael McFadgen, partner at 13books Capital.
“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.”
The firm has also announced the promotion to principal of Meera Bissoondeeal, Nitya Gupta and Aleksandra Tyurina.