Augmentum FinTech and Tikehau Capital strengthen the partnership
Augmentum FinTech, the UK’s only publicly traded investment firm focusing on the FinTech sector, and Tikehau Capital, the global alternative asset manager, announce enhanced partnership to promote growth of the rapidly growing European sector. boom in FinTech.
As the only publicly traded FinTech venture capital fund in the UK, Augmentum FinTech plays a crucial role in helping FinTech companies maximize their growth potential. By the end of June 2021, Augmentum had supported 22 companies across diverse fintech sectors, with a current net asset value of £ 183million.
Tikehau Capital and Augmentum FinTech are strengthening their ties by setting up a close partnership. To cement this partnership, Tikehau Capital increased its stake in Augmentum by becoming an investor in its recent £ 55million share issue, which closed on July 13, 2021.
By partnering with Augmentum, Tikehau Capital is increasing its exposure to venture capital, in addition to its investment in Ring Capital, a leading private equity firm specializing in financing technology and digital companies. The strengthened relationship between the two companies also sees Augmentum declaring its intention to establish continental Europe. From Paris, Augmentum will leverage Tikehau Capital’s global footprint to support its important pan-European investment pipeline.
Tim Levene, CEO of Augmentum FinTech, commented: “France, like the UK, has experienced a dramatic shift in digital adoption due to Covid-19, and Paris, like London, is becoming a major focus for FinTech investment. Tikehau Capital, headquartered in Paris, is one of Europe’s most enterprising and innovative alternative asset managers, and we look forward to working more closely with them in the years to come ”.
Recently, IBS Intelligence reported that European digital asset lender Tesseract raised $ 25 million in its Series A funding round led by Augmentum FinTech. The round saw BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners Family Office, LeadBlock Partners and Sapphire Ventures.