In a boost to late-stage funding for FinTech startups looking to scale-up without having to leave Europe, what claims to be “the worlds largest” growth equity fund for Fintech in Europe launches today.
The Corviglia Capital Fund will be deployed from Luxembourg and has secured $250 M as a first closing for its first three years of operations, with the aim being to raise a total of $500 M.
The fund has been started by two former store administrators Petr Smida and Cezary Smorszczewski, and is a geographically agnostic, long-term investor in late-stage fintech firms. It will stimulate minority assets with tickets ranging from $10 M to $50 M.
Smida said banking and financial services are being adversely affected by FinTech startups, so they” decided to set up Corviglia Capital Fund to find those most entrepreneurs and invest in their growth.”
Smida previously co-founded ENERN, an Eastern European/ DACH venture capital firm which has invested in 20 tech companionships via three different monies because it founding. Prior to that, he worked in bank. Smorszczewski has previously held elderly arranges at a number of major Polish banks.
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