Finch Capital, a VC based in Amsterdam and London, has announced the first close of its €150 million fund, Europe III, which will go to fintech and AI companies shaping the future of finance.
Founded in 2013 and headquartered in Amsterdam, Finch Capital intends to channel the funds towards companies that are shaping “the future of finance” through the use of cutting edge technology like artificial intelligence (AI). From this new fund, Finch will invest €2-10 million at Series A and B stages, acquiring minority stakes in scale-ups that have €2-5 million in revenue. The firm plans to back 15-20 European startups, targeting liquidity 3-5 years post-investment, over the fund’s three year initial investment lifespan.
The firm now has a track record of 40 investments across the European and Asian markets, with an estimated US$400m in assets under management. Its portfolio includes startups in fintech, insurtech and regtech. Finch Capital also reports that its two prior funds – Europe I and II – are both “generating top-quartile returns.”