MiddleGame Ventures makes the first close of its €150m fund to support early-stage FinTech and RegTech startups

From: RegTech Analyst

European and North American and European startups innovating to support financial services has a new fund to seek investments from.

MiddleGame Ventures (MGV) has just announced the first close of a new €150m (£128.1m) to support post-seed, series A and series B FinTech and RegTech startups across the two continents. It will remain open for additional funding until 2020.

“We are pleased to have new capital from substantial investors to support great, transformational businesses across Europe and the US with our highly focused fund,” said Pascal Bouvier, co-founder of MGV.

“Our investors agree that specialist funds with experience working with entrepreneurs, incumbent financial institutions and regulators are best placed to thrive in an environment characterized by financial and technological cross-currents and significant regulatory constraints. We are excited to put our platform to work on behalf of investors and the next wave of innovators solving hard problems and re-architecting the industry.”