Element Ventures Announces $130M Fund For Future Fintech Leaders In Uk And Eu
08/02/21, 1:03 PM
Money raised
$130 million
UK venture capital firm, Element Ventures, has announced a $130 million fund aimed at funding the founders and ideas that will be powering tomorrow’s financial technology. The fund was backed by more than thirty founders and executives from the financial sector, including Lord Spencer, the founder of the ICAP/NEX Group, who was the cornerstone investor. Other investors include ULlink founder, Laurent Useldinger; former SunGard CEO, Cris Conde and Marc Murphy, the founder of Fenergo.
Company Info
Additional Info
Element Ventures is one of Europe’s leading fintech venture capital firms and are looking to identify new ventures to build on the successes they have had with companies like Hepster, Billhop and Coincover. While this might be partly because of location, Element Ventures is London-based, it also reflects the UK’s strength in the sector. The opportunity that creates for early-stage firms is immeasurable and unprecedented.” What are Element Ventures looking for? Both Gibson and McFadgen are confident that Element Ventures’ strategy is the right one for the evolving fintech sector and are confident that their new fund will find the founders that shape tomorrow’s fintech sector.