- Augmentum Capital was formed in London in 2009 by Tim Levene and Richard Matthews, who continue to lead Augmentum Fintech plc.
- Augmentum Fintech is a venture capital fund with a focus in fast growing and/or high potential Financial Technology companies in the United Kingdom and Europe.
About Augmentum Fintech
Augmentum Fintech invest in early (but not seed) or later stage investments in unquoted financial technology businesses which are high growth, with scalable opportunities, and have technologies in the banking, insurance and asset management sectors, including other cross-industry propositions.
Augmentum is a publicly listed Financial Technology-focused Venture Capital firm in Europe, having launched on the main market of the London Stock Exchange in early 2018, allowing their businesses to have access to flexible funding and support, unrestricted by conventional fund timelines.
Augmentum typically look to invest in Series A or Series B, and target the significant opportunity to bridge the funding gap in post-seed venture capital currently existing across Europe. The firm typically investsbetween £3 million and £10 million in its portfolio companies.
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Augmentum Investments
In March 2018, Augmentum Capital listed Augmentum Fintech plc on the main market of the London Stock Exchange. The new fund raised £94m in the IPO and continues Augmentum’s investment focus, as well as acquiring Augmentum’s existing investments in a seed portfolio of Zopa, Interactive Investor, Seedrs, Bullion Vault, Whisky Invest Direct, and SRL Global.
Augmentum Fintech has made a total of 28 investments since its foundation. Their most recent investment was on June 2, 2021, when Cushon, a fintech company that provides investment, pension, financial wellbeing and workplace savings, raised £6M in a venture funding round.
Augmentum Fintech has, so far, had 1 notable exit, which was Dext, a paperless bookkeeping platform connecting accountants, bookkeepers, and businesses.
