HomeLuxembourgMiddleGame Ventures Holds Initial Close of Third FinTech Fund, at €150M

MiddleGame Ventures Holds Initial Close of Third FinTech Fund, at €150M

Middlegame Ventures

MiddleGame Ventures, a Luxembourg-based investment firm focused on fintech startups, raised a new fund targeting early-stage investments in Europe.

The European Investment Fund (EIF) and the Ireland Strategic Investment Fund (ISIF) anchored the initial close, committing €32M and €20M, respectively. Returning investors, including S&P Global and the Luxembourg Future Fund (LFF), made additional commitments. New and existing family office investors across Europe and the United States also participated in the initial close.

The vehicle remains open to additional institutional and private investors ahead of a targeted final close of €150M in early 2025.

The fund is designed to support the next generation of digital financial service pioneers at the Post-Seed, Series A, and Series B investment stages across all legacy and emerging financial sector verticals, including adjacent deep-tech and cybersecurity sectors.

Notable early-stage investments in predecessor MiddleGame funds and former investment platforms include Wayflyer, Keyrock, Ripple, and DriveWealth.

The firm is headquartered in Luxembourg and has offices in Dublin, London, and Washington, D.C.

VCWire

25/06/2024