Element Ventures has announced a new $130mn fund to focus on enterprise FinTech.
In Brief:
Element Ventures is a London based fund backed by limited partners, founders and executives.
Its focus is on B2B FinTechs.
It has backed FinTechs in the UK including Coincover, a crypto recovery service.
What does this mean?
Element says it’s focusing on a “high conviction investment strategy” which means the fund as a whole will invest in a maximum of 15 companies. It wants to be able to provide support to its portfolio beyond just a cash injection.
