Fintech
MiddleGame Ventures raises new fintech fund
MiddleGame Ventures (MGV), a Luxembourg-based investment firm focused on fintech startups, has created a new fund aimed at early-stage investments in Europe.
The fund is designed to support the next generation of digital financial services pioneers in the Post-Seed, Series A and Series B investment stages across legacy and emerging financial industry verticals, including adjacent deep tech and security sectors informatics.
The European Investment Fund (EIF) and the Irish Strategic Investment Fund (ISIF) set the initial close, committing €32 million and €20 million respectively. Returning investors, including S&P Global and Luxembourg Future Fund (LFF), have made further commitments. New and existing family office investors across Europe and the United States also participated in the initial closing.
The fund remains open to institutional and private investors ahead of a targeted final close of €150 million in early 2025.
Co-Director Pascal Bouvier comments: “We believe financial services is on the cusp of an unprecedented wave of innovation, highlighted by the transition from legacy automation tools to a fully digital financial services infrastructure. This transition will enable seamless business models to emerge, eliminating friction and paving the way for entrepreneurs to build meaningful long-term businesses.”
Notable early-stage investments in previous MiddleGame funds and previous investment platforms include Wayflyer, Keyrock, Ripple, and DriveWealth.
Bouvier says the new fund is already active in the market, with several new investments on the horizon.