SBT Venture Capital, a new fund focused exclusively on investments in the financial technology (fintech) space, has launched with $100m in capital.
The fund has a lifespan of 5-7 years. SBT partner Matteo Rizzi told unquote" that the firm will start the divestment period for the fund's portfolio in the fifth year. The vehicle was set up by Russian...
Brenke first joined Ardian as managing director two years ago
Deal represents 44.5% IRR for the vendors, four years after their initial investment
Gimv invested in the Parisian tech company through its Smart Industries platform
Fresh funding is in addition to an eight-digit backing from a consortium of investors in May