Venture capital firm Speedinvest, in partnership with Raiffeisen Bank International and UNIQA Insurance Group, has launched a new growth capital fund.
Backed by a number of former Fintech founders and senior financial services experts from across the world, as well as NEA (New Enterprise Associates), one of the most renowned VC funds in the U.S., Speedinvest f will invest €50M in growth capital for European Fintech Late-Seed and Series A companies.
Led by Christopher Zemina, Stefan Klestil, and Guzel Gumerova, Speedinvest f focuses on growth funding for European fintech companies in the areas of:
– alternative lending,
– personal finance, as well as
– data, compliance and infrastructure.
Typical ticket sizes for initial investments range from €1M to €4M. Aside from funding, the fund also offers operational support to portfolio companies, such as advice and services for business development, corporate development, hiring, fundraising, and internationalization.
Currently, the active Fintech portfolio of Speedinvest comprises companies such as Wefox, Billie, Fincompare, Fraugster, Iyzico, Payworks, Curve, Cashpresso, Clausematch and Cyberwrite.
Within the partnership, Raiffeisen Bank International (RBI) and UNIQA are each planning to contribute €15M for fintech investments.