Dutch Velocity Capital Launches $120 Million Fintech Fund
- Velocity Capital evergreen fund to back early stage companies
- Investors in fund include Dutch families, entrepreneurs
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Dutch private equity firm Velocity Capital has launched a 105 million euro ($120 million) venture fund aimed at investing in early stage companies focusing on banking, payments, credit and other fintech areas.
The Amsterdam-based private equity firm, which has invested in fintech companies since 2007 including online brokerage firm TradeKing Group Inc. and South African point-of-sale provider Yoco, said on Tuesday it’s launching its first fund in order to create more investment possibilities as the size of its early stage investments increases.