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Augmentum Fintech

Investor type Venture Capital
Founders Richard Matthews Tim Levene

Overview

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 38
Average round size
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The average size of a deal this fund participated in
$30M
Portfolio companies 23
Rounds per year 7.60
Lead investments 9
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.39
Exits 1
Key employees 6

Areas of investment

  • Financial Services
  • FinTech
  • Finance
  • Banking
  • Credit
Summary

In 2017 was created Augmentum Fintech, which is appeared as VC. The main department of described VC is located in the London. The fund was located in Europe if to be more exact in United Kingdom.

The fund is generally included in 7-12 deals every year. The usual things for fund are deals in the range of 10 - 50 millions dollars. When the investment is from Augmentum Fintech the average startup value is 100 thousands - 1 million dollars. The top activity for fund was in 2018. The real fund results show that this VC is 45 percentage points more often commits exit comparing to other companies.

We can highlight the next thriving fund investment areas, such as Information Technology, Banking. The fund has specific favorite in a number of founders of portfolio startups. When startup sums 4 of the founder, the probability for it to get the investment is little. For fund there is a match between the location of its establishment and the land of its numerous investments - United Kingdom. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. Among the most popular portfolio startups of the fund, we may highlight DueDil, Monese, Grover.

The typical case for the fund is to invest in rounds with 3-4 participants. Despite the Augmentum Fintech, startups are often financed by Tera Ventures, Taavet Hinrikus, Passion Capital. The meaningful sponsors for the fund in investment in the same round are Venture Founders, Passion Capital, Creandum. In the next rounds fund is usually obtained by Venture Founders, Varengold Bank, Upscale.

This organization was formed by Richard Matthews, Tim Levene. The overall number of key employees were 12.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Augmentum Fintech:
Typical Co-investors
Augmentum Fintech is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Augmentum Fintech:

Funds with similar focus

Funds from United Kingdom
Funds with similar focus located in United Kingdom:
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Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Cushon

Banking
Financial Services
Venture Capital
$47M20 Jan 2022 London, England, United Kingdom

Zopa

Finance
Financial Services
FinTech
Lending
Peer to Peer
$300M18 Oct 2021 London, England, United Kingdom

Anyfin

Consumer Lending
Credit
Finance
Financial Services
FinTech
Lending
$52M05 Oct 2021 Stockholm, Stockholm County, Sweden

Wematch.live

$19M04 Oct 2021 Herzliya, Tel Aviv, Israel

Anyfin

Consumer Lending
Credit
Finance
Financial Services
FinTech
Lending
$10M07 Sep 2021 Stockholm, Stockholm County, Sweden

Grover

Consumer Electronics
PaaS
Rental
Sharing Economy
Subscription Service
$29M28 Jul 2021 Berlin, Berlin, Germany

Tide

Banking
Credit
Financial Services
FinTech
Mobile Apps
$100M12 Jul 2021 London, England, United Kingdom

Tesseract

Asset Management
Blockchain
Cryptocurrency
Lending
Mobile Payments
$25M21 Jun 2021 Helsinki, Uusimaa, Finland

Volt.io

Financial Services
FinTech
$23M16 Jun 2021 London, England, United Kingdom
News
Tesseract Raises $25M in Series A Funding

– Tesseract from Helsinki is an institutional digital asset lending company in Europe and emerging markets.
– The company raised $25m in Series A funding.
– The round was led by Augmentum Fintech with participation from Icebreaker.vc, BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners, LeadBlock Partners, Sapphire Ventures, Coinbase Ventures, Wintermute and Woorton as well as undisclosed local and international investors and strategic angels.
– The new investment will be used to develop the company’s institutional offerings and cross-trading venue margin lending platform even further, hire new talent to develop new and existing partnerships, and to boost innovation in new undisclosed financial products.

Cushon Raises £26M in Funding

– Cushon, a UK-based fintech pension and savings provider, closed an overall funding round of £26m.
– The £6m equity raise was led by Augmentum Fintech. A further £20m in credit facility has been committed from AshGrove Capital, a pan-European specialty lending firm.
– The company intends to use the funds to finance rapid expansion and product development plans, following its acquisition of another master trust pension scheme.

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