Venture Capital Firm MiddleGame Raises $165 Million for Funding Fintechs

November 27, 2019 | News, Venture Capital

MiddleGame Ventures will back B2B and B2B2C fintech startups.

MiddleGame Ventures, which focuses on financial services innovation at early-stage fintech startups, closed its $165 million Fund I MGV fund. The fund will invest in startups transforming financial services from “analog to digital, and from centralized to decentralized.”

The venture capital firm looks to fund startups in North America or Europe in the sectors of banking, asset management, insurance, payments, and regulators. In MiddleGame Venture’s view, the second wave of fintech innovation will be a tsunami compared to the first wave.

Founded in 2018 by Pascal Bouvier, Michael Meyer, and Patrick Pinschmidt, MiddleGame Ventures (MGV) is based in Luxembourg.

MiddleGame Ventures: Fund I MGV

Anchor investors in Fund I MGV include The Luxembourg Future Fund (LFF) and the European Investment Fund (EIF). Other investors include institutions, strategic and family offices, and S&P Global.

“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,” said Pascal Bouvier, co-founder.

The fund remains open to additional institutional and private investors, however. A final closing will take place later in 2020.

MGV has already invested more than $300 million in early-stage financial services companies. These include Ripple, Tandem Bank, SimpleSurance, Coverhound, and CompareAsia.

MiddleGame Ventures also owns and operates NadiFin, a Luxembourg-based growth stage accelerator for European startups.

[Related Story: Blurring Lines of Distinction Between Banks and Fintechs   ]

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.

Alt Insights

December 6, 2019

SIFMA: US Economy Will Expand in 2020 But at a Moderate Pace

SIFMA: US Economy Will Expand in 2020 But at a Moderate Pace

Latest Alternative Investment News

Hedge Fund Asia Research & Capital Management Shorts Premier Oil
December 9, 2019     Hedge Funds, Investments, News

Premier Oil is the target of a massive short position. Asia Research & Capital Management (ARCM) has reportedly built a massive bet against the energy company.

Magnetar Capital Aims to Launch $400 Million Health Fund
December 9, 2019     Alternative Investments, Investments, News

Magnetar Capital will launch its first healthcare hedge fund in 2020. The firm aims to close a $400 million fund by mid-2020, according to Bloomberg. The company will look to…

Hacker Uses Ingenious MO to Siphon $1M from VC Firm
December 9, 2019     Digital Assets, News

Security researchers at cybersecurity firm Check Point relate how Chinese hackers hijacked $1 million of seed money that was supposed to travel from a Chinese venture capital firm to an…

Hedge Fund Billionaire Bill Ackman Looks for 50% Returns in 2019
December 9, 2019     Alternative Investments, News

Billionaire Bill Ackman and his hedge fund are having a great 2019. Last month, Ackman’s hedge fund added another gross return of 3.4% — or 3.2% after fees. This gain…