Augmentum FinTech and Tikehau Capital strengthen the partnership

By Joy Dumasia

Augmentum FinTech, the UK’s only publicly listed investment company, focusing on the FinTech sector, and Tikehau Capital, the global alternative asset manager, announce an enhanced partnership to promote further growth in the burgeoning European FinTech sector.

As the only publicly listed FinTech venture capital fund in the UK, Augmentum FinTech plays a crucial role in supporting FinTech companies to maximise their growth potential. As of the end of June 2021, Augmentum has backed 22 companies across diversified FinTech verticals, with a current NAV of £183m.

Tikehau Capital and Augmentum FinTech are strengthening their links through the establishment of a close partnership. To cement this partnership, Tikehau Capital has raised its stake in Augmentum by becoming an investor in its recent £55 million share issuance, which was completed on 13 July 2021.

By partnering with Augmentum, Tikehau Capital increases its exposure to venture capital, on top of its investment in Ring Capital, a leading private equity firm specialising in the financing of technology and digital companies. The enhanced relationship between the two companies also sees Augmentum declare its intention to establish mainland Europe. From Paris, Augmentum will leverage Tikehau Capital’s global footprint to support its significant pan-European investment pipeline.

Tim Levene, CEO of Augmentum FinTech, commented: “France, like the UK, has seen a step-change in digital adoption because of Covid-19, and Paris, like London, is becoming a major focus for FinTech investment. Tikehau Capital, headquartered in Paris, is one of Europe’s most entrepreneurial and innovative alternative asset managers, and we look forward to working more closely with them over the coming years”.

Recently, IBS Intelligence reported that European digital asset lending company Tesseract raised $25 million in its Series A funding round led by Augmentum FinTech. The round saw BlackFin Capital Partners, Concentric, DN Capital, Jabre Capital Partners Family Office, LeadBlock Partners, and Sapphire Ventures.