fundcraft Announces Successful Launch of MiddleGame Ventures’ Fintech Fund Using Cutting-Edge Digital Fund Operations
LUXEMBOURG (16 July 2024) — fundcraft, a pioneering fintech specialising in digital-native fund operations, is pleased to announce the successful initial close of MiddleGame Ventures’ third Fintech Fund. The fund, targeting €150 million, leverages fundcraft’s innovative digital platform to streamline operations and enhance efficiency.
MiddleGame Ventures has utilised fundcraft’s state-of-the-art digital operations to achieve a seamless fundraising process. fundcraft’s comprehensive solution, including daily fund operations, compliance, and reporting, are all integrated within a single digital platform, ensuring a robust and transparent fund management experience.
“This milestone is a testament to the strength of our platform and our team’s expertise in delivering top-tier digital fund operations,” said Julien De Mayer, Founder & CEO of fundcraft. “We are thrilled to support MiddleGame Ventures in their journey to empower the next generation of fintech innovators, and we’re especially pleased to support another home-grown Luxembourg business.”
The close of MiddleGame Ventures’ fund marks a significant achievement in the fintech industry, demonstrating the effectiveness of digital solutions in managing complex fund operations. The collaboration between fundcraft and MiddleGame Ventures highlights a shared commitment to innovation and excellence in the financial sector.
“We are excited to partner with fundcraft, whose technological prowess has enabled us to streamline our fund operations and focus more on our core mission of investing in disruptive fintech startups,” said Pascal Bouvier, Luxembourg-based Co-Managing Partner at MiddleGame Ventures. “Their digital approach not only enhances our operational capabilities but also aligns perfectly with our investment philosophy.”
MiddleGame’s third fund will invest in the next generation of digital financial service pioneers at the Post-Seed, Series A and Series B investment stages across all legacy and emerging financial sector verticals, including adjacent deep-tech and cybersecurity sectors.
The first close of MiddleGame’s new fund was anchored by the European Investment Fund (EIF) and the Ireland Strategic Investment Fund (ISIF). Returning investors included S&P Global and the Luxembourg Future Fund (LFF). New and existing family office investors across Europe and the United States also participated in the initial close. The fund remains open to additional institutional and private investors ahead of a targeted final close of €150M by early 2025.
As fundcraft continues to lead the transformation of fund operations through tech-enabled services, this successful fund launch with MiddleGame Ventures further solidifies its position as a key player in the fintech ecosystem.
About Middlegame Ventures
MiddleGame Ventures is an investment firm focused on fintech startups, committed to fostering innovation and driving technological advancement in the financial sector. With the successful launch of their third fintech fund, MiddleGame Ventures continues to support the growth and development of promising fintech enterprises worldwide.
For further information about MiddleGame Ventures, please visit www.middlegamevc.com or contact Loic Bertoli, Head of Investor Relations (loic@middlegamevc.com).
About fundcraft
fundcraft is revolutionising the alternative investment fund industry by delivering end-to-end digital-native fund operations that enhance transparency, efficiency, and compliance for asset managers. With its cutting-edge product offering, fundcraft provides a holistic solution for regulatory requirements, reporting, portfolio management, risk assessment, and investor engagement, embodying a comprehensive digital transformation in asset management. A single platform that centralises and connects the entire fund back office, automating end-to-end operations and optimising the full investment lifecycle for all stakeholders. One platform, one source of truth. If you’re inspired by innovation and wish to contribute to transforming the fund management landscape, explore fundcraft’s career opportunities.