London-based venture capital firm 13books Capital has announced the successful closure of a €144 million (£121 million) fund dedicated to fostering next-generation fintech disruptors. Despite a challenging fundraising environment, the fund has garnered substantial support from prominent backers including British Patient Capital, Kreditanstalt für Wiederaufbau (KfW), Isomer Capital, and IPGL.
The new fund is designed to support top-tier founders in developing groundbreaking financial technologies. Investments will target Seed to Series A stages, with ticket sizes ranging from €1.19 million to €8.33 million (£1 million to £7 million). To date, 13books Capital has invested in 19 fintech companies, including notable names such as Roadzen, Hepster, Coincover, Runa, Billhop, Thirdfort, Duco, nCino, Fenergo, and ErisX.
Michael McFadgen, Partner at 13books Capital, expressed the firm’s mission: “European fintech is entering a golden period. We thank our LPs and founders for their trust and look forward to supporting the next generation of pioneering fintech entrepreneurs.”
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New Institutional Partners and Strategic Guidance
The firm has welcomed two new institutional Limited Partners (LPs), British Patient Capital and KfW Germany, who join Isomer Capital and IPGL on the Fund’s Limited Partner Advisory Committee (LPAC). This collaboration aims to leverage their entrepreneurial experience, connectivity, and expertise to provide robust support to fintech startups.
Recent Investments and Market Impact
The fund has made significant strides with investments in five companies over the past six months, including Series A investments in Aria, an API-enabled invoicing platform, and Ramify, a digital wealth management platform. Both are poised to lead Europe’s digital financial services sector.
13books Capital has also promoted Meera Bissoondeeal, Nitya Gupta, and Aleksandra Tyurina to Principal, recognizing their contributions and performance.
About 13books Capital
Launched in 2019 (formerly Element Ventures), 13books Capital partners with Europe’s top fintech founders, focusing on late Seed and Series A investments. The firm supports startups with capital and strategic guidance to accelerate growth and market expansion, offering tailored investment solutions to scale globally.
With this new fund, 13books Capital is set to drive significant advancements in the fintech sector, empowering innovative startups to lead the future of financial technology.
