13books Capital Announces New Fund Securing £121 million

London based VC 13books Capital announced its latest fund, securing £121 million for its Fintech Fund. This marks a significant milestone for the investment firm, underscoring its commitment to fostering innovation and growth within the fintech sector.

The new Fintech Fund will be dedicated to investing in early-stage fintech startups, focusing on disruptive technologies and solutions that have the potential to transform the financial services landscape. The fund aims to support companies that are driving advancements in areas such as digital payments, blockchain, artificial intelligence, and financial inclusion.

13Books Capital has a proven track record of successful investments in the fintech space, with several portfolio companies achieving significant growth and industry recognition. The firm’s hands-on approach and deep industry expertise have been instrumental in driving the success of its investments.

The newly raised capital will be strategically allocated to support the growth and development of portfolio companies, providing them with the resources needed to scale their operations, enhance their technological capabilities, and expand their market reach.

Michael McFadgen, Partner 13books, said, “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, we thank our LPs and founders for their trust and look forward to supporting the next generation of pioneering fintech entrepreneurs.”