Illuminate Financial, a London, UK-based financial services-focused venture firm, closed its third fund, at $235m.
Illuminate Financial’s investors include some of the largest financial institutions that provide a broad array of banking and market infrastructure services. The final close of this fund saw the participation from BNY Mellon and Euroclear, who join global financial institutions J.P Morgan, S&P Global, Jefferies, Deutsche Börse Group, Barclays, Citi and SGX as investors.
The fund will invest in early-stage / Series A stage businesses solving problems for financial institutions.
Founded by financial services veteran Mark Beeston in 2014 and operated alongside Partners Alexander Ross, Rezso Szabo, Rachel Townend and Luca Zorzino, the firm now comprises 20 team members across New York, London and Singapore. To date, the firm has invested in 35 companies of which it has exited 9, primarily through trade sale to industry strategics.
FinSMEs
21/06/2023