Embedded Capital sets up 100 million fund

Two heads of Finleap are behind the new fund. They want to use it to support early-stage European fintechs.

The former Finleap heads Ramin Niroumand and Michael Hock have set up a venture capital fund with a volume of 100 million euros with Embedded Capital. 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. Among them are Berlin-based payment startup Nelly, corporate credit card company Pliant and Cologne-based payment service provider Bezahl.de. The company did not yet publicly disclose some investments. Numerous investments are expected to be added in the future.

Niroumand and Hock launched Embedded Capital in 2021. Over the past eight years, they had helped build and scale 15 companies with a total value of three billion euros with fintech company builder and investor Finleap. These included Element, Penta, and 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."