Embedded Capital sets up 100 million fund
Two heads of Finleap are behind the new fund. They want to use it to support European fintechs in their early stages.
Former Finleap heads Ramin Niroumand and Michael Hock have set up a venture capital fund with Embedded Capital with a volume of 100 million euros. The fund is tailored to the early-stage financing of fintechs in Europe.
Even before its first closing, the fund participated in the investment rounds of six companies. These include the payment start-up Nelly from Berlin, the corporate credit card company Pliant and the Cologne-based payment service provider Bezahl.de. The company has not yet publicly announced some of its investments. Numerous investments are to be added in the future.
Niroumand and Hock founded Embedded Capital in 2021. Over the past eight years, they have helped build and scale 15 companies with a total value of three billion euros with the fintech company builder and investor Finleap. These included Element, Penta, Clark and Solarisbank, both of which have since achieved unicorn status.
"This first generation of German fintechs laid the foundation for the further development of the European fintech landscape," says Niroumand. "Now we are ready to support the new generation of founders with embedded capital."
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