A number European insurers have backed BlackFin Capital Partners, now the continents’ largest fintech investment fund.
Swiss Life, Securex Insurance and MACIF joined a number of Top-tier institutional investors in a pool that raised €180 million its fintech venture capital fund, BlackFin Tech 1, in its final round.
BlackFin has positioned itself as a provider of expertise, international commercial accesses and regulatory guidance to start-up companies.
The company had previously launched two buy-out funds in 2011 and 2016, raising €220 million and €400 million respectively.
“As entrepreneurs and founders of [online bank in France and Belgium] Fortuneo we feel particularly connected to entrepreneurs seizing FinTech opportunities,” said Laurent Bouyoux, Managing Partner of BlackFin Capital Partners.
“We are proud to reach €180 million for this Fund dedicated to earlier-stage investments with explosive growth. The size of the fund allows us to support the most ambitious entrepreneurs, all over Europe, through successive financing rounds.”
BlackFinn say the fund is being deployed across Europe by Julien Creuzé, Maxime Mandin, Gabrielle Thomas and Romain Grimal. Two additional investment professionals are expected to join the team in the coming weeks to reinforce its European coverage.