Venture capitalist firm b-to-v Partners, which was founded in 2000 and has offices in St. Gallen and Berlin, has raised about €100 million from institutional and private investors for a new start-up fund in Germany.
b-to-v Partners, which was an investor in Facebook and San Francisco-based game maker Zynga, has launched the fund to invest in “young digital entrepreneurs,” the company said.
One of the focal points will be investments in fintechs, which challenge traditional banks through such products as credit platforms and mobile payment transactions. b-to-v is currently involved in seven startups in the field.
But what singles out this particular fund is the high-powered backing it has received from the head of Germany’s leading stock exchange operator.
Carsten Kengeter, chief executive of Deutsche Börse, in January took a seat on the non-executive supervisory board, which has the power to dictate strategy for companies in Germany.
Mr. Kengeter, a former UBS and Goldman Sachs banker, at the time said he hopes to “bridge the gap” between new financial start-up founders and the large, traditional financial companies that have viewed their new competitors with a mix of skepticism and fear.