We are very pleased to announce that we completed the first close of our new fund. As every entrepreneur knows, fundraising has its own very special challenges, so this is an important milestone ahead of our final close later next year. We are now officially “in business” and are looking forward to investing in post-seed, series A and series B startups in Europe and North America. In anticipation of our first close, we have already made three investments in early stage fintech startups via a short term warehouse facility.
As part of our investment activity, Pascal Bouvier, one of our co-founders, will relocate to Luxembourg and oversee all MGV European activities, while co-founder Michael Meyer will remain in Washington DC and oversee MGV’s US activities. Our third co-founder, Patrick Pinschmidt, will focus primarily on Europe.
No matter where we are based, the three of us will be spending a lot of time on the road. Over the coming months we look forward to meeting b2b and b2b2c early stage startups in Europe and North America that are reinventing digital assets, data management and core systems (amongst other things) across the key verticals in financial services.
Finally, a special thanks to all those who have helped us get to this point. We are looking forward to the next phase of our journey with our excellent base of LPs, service providers, and ecosystem partners across our broader network. We are very excited about the road ahead. It is a pivotal time to be a venture investor in the market looking to back the best teams with the best ideas.
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