13books Capital funding news – London-based 13books Capital Secures £121 Million in Funding
Jul 17, 2024 | By Team SR
13books Capital secures £121 million in funding dedicated to fuelling the next wave of financial technology (fintech) disruptors. This fund upholds 13books Capital's dedication to supporting forward-thinking entrepreneurs who are revolutionising the financial services industry.
The group has made successful investments in 19 fintech firms to date, including Roadzen, Hepster, Coincover, Runa, Billhop, Thirdfort, Duco, nCino, Fenergo, and ErisX. The company's network of 34 elite founders and business titans, including Limited Partners (LPs), offers unmatched entrepreneurial experience, connections, and knowledge to entrepreneurs.
13books Capital will be able to support tomorrow's financial technology innovators by providing support to the brightest and bravest founders thanks to the new £121 million fund. The Seed to Series A phases will be the main investment stages, with ticket prices ranging from £1 to £7 million.
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With investments in five prospective portfolio firms in the last six months, the fund has already gotten off to a great start. These include Series A investments in digital wealth management platform Ramify and API-enabled embedded invoicing platform Aria, both of which have the potential to emerge as market leaders in Europe's digital financial services industry.
The Fund's Limited Partner Advisory Committee (LPAC) now includes British Patient Capital and KfW Germany, two new institutional LPs that the firm welcomes to the group together with IPGL and Isomer Capital.
Michael McFadgen, Partner at 13books Capital, stated: "It is clear that European fintech entrepreneurs desire a sector-focused, founder-focused venture platform that has meaningfully impactful networks across the industry. We believe European fintech is entering a golden period, and we thank our LPs and founders for their trust and look forward to supporting the next generation of pioneering fintech entrepreneurs."
About 13books Capital
13books Capital invests in the late Seed and Series A stages and collaborates with the top fintech entrepreneurs in Europe who want to grow internationally.
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