BlackFin Capital’s fintech fund gets €180m
Paris-based BlackFin Capital Partners has closed €180 million and says it is now positioned as the largest independent fintech fund in Europe.
After making a first closing of more than €100 million last year, BlackFin is powering on with its ambitions to support fintech, insurtech and regtech firms in Europe by participating in their Series C seed financing rounds. The fund will be managed by Blackfin Tech, the venture capital fund of Blackfin.
Existing investors include Bpifrance, Vaudoise Insurance Group, Groupama, Sogecap (Societe Generale Assurances), Natixis Assurances and Swiss Life. New investors include German public bank KfW, Belgian insurer Securex, and BNP Paribas.
Blackfin will provide start-ups with industry expertise, international business access, and regulatory advice.
The company has previously launched two development capital funds – €220 million Fund I in 2011 and €400 million Fund II in 2016.
BlackFin is an independent management company, led by its four founding partners who have worked as managers and entrepreneurs in the financial industry for several decades. Today, the team is made up of 25 investment staff spread across its three offices in Paris, Brussels and Frankfurt.