London-based venture capital firm Illuminate Financial has successfully closed its fourth fund, rAIsing $135 million to target the intersection of Financial Services Technology and Artificial Intelligence. This marks a strategic shift for the firm, as it is their first fund specifically dedicated to later-stage growth equity.
The capital will be deployed into Series B and beyond rounds, focusing on enterprise-grade AI and finTech Startups that are ready to scale. The fund is backed by a powerful syndicate of global financial institutions, including BNP Paribas, Citi, Deutsche Börse, HSBC, Jefferies, RBC, S&;P Global, and TD Securities.
Building on its track record with earlier Investments in companies like Pliant, TransFICC, Zocks, and Endowus, Illuminate Financial aims to leveRAGe this new capital to support mature ventures driving innovation in financial infrastructure and data solutions.
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