UK-based venture firm closes its third fund at $235m
IN BRIEF:
The final close of the fund saw participation from BNY Mellon and Euroclear
They join global financial institutions J.P Morgan, S&P Global, Jefferies, Deutsche Börse Group, Barclays, Citi and SGX
The fund will invest in early-stage / Series A stage businesses solving problems for financial institutions
What does this mean?
The firm now comprises 20 team members across New York, London and Singapore. To date, the firm has invested in 35 companies of which it has exited 9, primarily through trade sale to industry strategics.
