BlackFin Tech Weekly — November 8th
Dear fintech folks,
The weather is getting colder and colder, but we got some hot deals to warm you up this week!
Last week, €155m was raised across 12 deals. Congratulations to Moonfare, the German Private Equity platform which raised an impressive $125m Series C! After that, we have Viceversa, an Italian revenue-based financing provider, which raised €23m (debt and equity)! Finally, the other startup on our podium is the collective insurance platform Collective Benefits which raised a £7.3m Venture round.
Geography-wise, we’ve identified that most of the deals (4) come from the UK. Then 2 deals each came from Germany and Italy. Finally, 1 deal each from France, the Netherlands, Bulgaria, and Switzerland.
Subsector-wise, there were 4 deals in Insurtech, 3 each in Banktech and Payments, 1 in Wealth Management, and 1 in Investment Banking.
Let’s dive in:
Moonfare raised $125m:
· The German platform enabling individual investors to access Private Equity markets raised a large Series C round led by New York-based fund Insight Partners.
· Moonfare allows qualified investors (minimum investment of €50 000) to invest directly in top-tier PE and VC funds through an easy-to-use digital interface. The company manages more than €1 billion from 1,800+ clients and operates in 13 countries.
Viceversa raised €23m:
· The Italian revenue-based financing platform raised an equity & debt financing round (€3m equity and €20m debt) with new investors Fasanara Capital and Digital Magics, and existing investor Fabrick.
· Viceversa connects directly to companies account to source the data needed to make funding decisions. The company says it takes less than 3 days to make a decision and less than 2 weeks for the funds to arrive in the company’s bank account.
Collective Benefits raised £7.3m:
· The British employee benefits platform, which aims at tackling the lack of protection faced by gig economy workers, raised a Venture Round led by Prosus Ventures.
· Collective Benefits offers a full range of protection such as family leave, sick pay, and health coverage to gig economy workers. It has more than 250 000 users and works with well-known platforms such as Wolt or Just Eat.
Congrats also to Nimbla, Friss, Shift Technology, Credefi, Maslife, Ecoo, Sibill, Leslie & Cadeia.
See you next week!
