Posted Jul 11, 2022, 7:00 AMUpdated on Jul 11, 2022 at 7:13 am
The period is not the most favorable to complete fundraising, especially in the world of fintechs. In a hectic market context, characterized by falling valuations, the French BlackFin nevertheless managed to raise 350 million euros for its new fund (Tech 2) dedicated to young finance and insurance companies.
The amount is twice that of its predecessor, the Tech 1 fund, created four years ago, and endowed at the time with 178 million euros. It is invested in 17 European companies, including the publisher of cash management and forecasting solutions Agicap, the mortgage broker Pretto and the bank Memo Bank.
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