€11,1 million fund to back European FinTechs
In brief:
- Gideon Valkin, a former Monzo and ClearScore commercial leader, investor and entrepreneur, is launching Andrena Ventures: an €11,1 million solo GP fund backed by some of tech’s best founders and VC leaders to capitalise on the ‘spin-off’ flywheel being seen across Europe.
- The fund has reached its first close with a final close planned for later in the year. He’s also announcing the fund’s first investment into Nustom, a new AI-powered software-building startup from Monzo co-founding CTO, Jonas Templestein.
What does this mean?
“Europe’s time has arrived,” said Valkin. “A new power network of founding teams has emerged out of Europe’s first generation of industry-defining companies. These teams are using their lessons and experiences to solve tomorrow’s most pressing and important problems across fintech, AI, climate-tech and enterprise software. They deserve investors who understand these problems, believe in their ambitious vision and have the knowledge and know-how to truly support them.”
