Middlegame Ventures Secures €150m in Fintech-focused Fund

Luxembourg-based Middlegame Ventures (MGV) announced Monday, Nov 25, it had raised a new fund targeting post-seed, series A and series B lead investments in Europe and North America.

In a press release, the fintech-focused investment firm revealed it had secured a final close target size of €150 million in its Venture Fund I, in which the Luxembourg Future Fund (LFF) and the European Investment Fund (EIF) were anchor investors, accompanied by other institutional, strategic, and family office investors.

“We are pleased to have new capital from substantial investors to support great, transformational businesses across Europe and the US with our highly focused fund,” MGV Co-founder Pascal Bouvier said. “Our investors agree that specialist funds with experience working with entrepreneurs, incumbent financial institutions and regulators are best placed to thrive in an environment characterised by financial and technological cross-currents and significant regulatory constraints. We are excited to put our platform to work on behalf of investors and the next wave of innovators solving hard problems and re-architecting the industry.”

Middlegame Ventures Fintech-focused Fund

Patrick Nickels, the chairperson of the Luxembourg Future Fund Board of Directors, also shared his delight with the latest funding round.

“We are pleased to be an investor of MiddleGame Ventures fund aiming to support early stage FinTech companies,” he said. “The Luxembourg Future Fund believes this commitment will help to strengthen the FinTech industry in Europe and generate positive spillovers in Luxembourg. This is a strategic sector for Luxembourg for economic diversification and we are delighted to contribute to its continuing development.”

Founded by Pascal Bouvier, Michael Meyer, and Patrick Pinschmidt, Middlegame Ventures operates as a fintech​ venture capital firm focused on investing in early-stage fintech startups.

To date, the company has invested more than $300 million in early-stage businesses focused on financial innovation, including Ripple, Tandem Bank, SimpleSurance, Coverhound, and CompareAsia.