MiddleGame Ventures (MGV) , a company specializing in investments in the fintech world, has announced that it has collected a new fund focusing on the main post-seed investments, series A and B, in Europe and North America.
As reported by an ANSA statement, MGV’s Venture Fund 1 has therefore reached its first closure, with a final order target of 150 million euros. The investments will be finalized in B2B and B2C startups, startups, in order to carry out the transformation of financial services from analog to digital, and from centralized to decentralized.
Pascal Bouvier , co-founder of MGV together with Michael Meyer and Patrick Pinschmidt, said he was pleased to have new capital from major investors, to support large companies in Europe and the United States are experiencing a period of transformation, and to be able to launch a highly focused fund. “Our investors agree that specialized funds with entrepreneurs, financial institutions and regulatory authorities are best suited to thrive in an environment characterized by crossed financial and technological currents and significant regulatory constraints,” said Bouvier.
We recall that in the last decade the MGV partners have invested over 300 million dollars in early stage financial services companies, including Ripple, Tandem Bank, SimpleSurance, Coverhound and CompareAsia. The new MGV fund has already made three representative investments in Nivaura, Railsbank and Gardenia Technologies.