Finch Capital announced first close of Europe III at €150 million.

Finch Capital, an Amsterdam, The Netherlands-based venture company, announced its first close of Europe III, an investment fund of €150M ($182M).

The money was raised from institutional investors and 15-20% from Family Offices from the US, Europe and Asia. 

The fund will target the Series A and B current growth funding gap for companies active in the Financial Technology sector and which produce €2-5M in revenues. It plans to back 15-20 European startups, targeting liquidity 3-5 years post investment, over the fund’s three year initial investment lifespan.

Finch Capital was founded in 2013 by Hans de Back and Radboud Vlaar and has since closed two funds - Fund I €40m, 2014 Vintage and Fund II €110m, 2017 Vintage. Investments include Trussle, Fourthline, Goodlord, Grab, Hiber, BUX, Twisto, and Zopa; exits include Salviol and Cermati.

In addition to the launch of Europe III, in 2020, the firm also launched a $50M Finch Capital SEA II for investments in SE Asia, which is yet to announced a first close.