European Investment Fund, UniCredi help Anthemis to debut fund first close


coins-1523383_960_720Anthemis Group has hit a first close for its initial venture fund thanks to anchor investments from the European Investment Fund and UniCredit.

The digital financial services venture capital and strategic advisory firm did not reveal a target for the fund.

Anthemis Venture Fund I will focus on early stage venture investments, providing pre-seed, seed and series A financing to digitally native financial services startups across North America and Europe.

Amy Nauiokas, Anthemis founder and president, said, “Our enviable position of being truly expert in both financial services and technology, coupled with our history of investing in startups and advising financial services incumbents, sets us apart from others.

“As competitive pressures in fintech continue to rise, it’s the focused experts with track records who will be the best partners for investors and entrepreneurs.”

Year-to-date for 2016, the firm claims to have raised $285m in capital across its platform.

Anthemis holds more than 30 companies in its portfolio, including the automated wealth management platform Betterment and fundraising platform Artivest.

Pier Luigi Gilibert, chief executive at the European Investment Fund, said, “Anthemis is one of the earliest players in the fintech industry, which is a market with high potential.

“As both investors and advisors, with a broad geographic reach across Europe, Anthemis has a good strategy for SMEs which we are keen to support.”

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