Michael Bloomberg Indirectly Backs Some of Germany’s Most Important Fintech Startups — Founder Interview
- Juan Diego Parra Castillo
- 2 days ago
- 3 min read
Michael Bloomberg via Wiki Commons
This article is part of our coverage of FinTech Startups in Germany, Austria, and Switzerland.
Executive Summary
This blog post first appeared first on old medium publication (https://medium.
Hedosophia from London (http://hedosophia.
The CEO of Hedosophia is Ian Osborne, known to be a secretive man.
We could not find any investment of Mr.
CB Insights https://www.
Michael Bloomberg via Wiki Commons
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Michael Bloomberg Indirectly Backs Some of Germany’s Most Important Fintech Startups — Founder Interview Startuprad.io brings you independent coverage of the key developments shaping the startup and venture capital landscape across Germany, Austria, and Switzerland.
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
Hedosophia from London (http://hedosophia.com/) has been one of the most important investors in the German fintech scene. Their investments are amongst the biggest names in German fintech, including (but not limited to) an investment in banking startup N26 from Berlin, Vienna based Bitpanda, Scalable Capital Germany’s largest independent Robo-Advisor from Munich, Berlin-based insurtech startup WeFox, and Berlin-based B2B invoicing /payments platform Billie, just to name a few from Germany. Their international investments include Hongkong-based Airwallex (interview with its co-founder Lucy Lui here), and Shanghai-based NYSE-listed wealth manager Lu.com. Founded in 2012 in London, the VC normally invests 10–30 mn US$ in series B rounds and later (notably in US-based insurtech Oscar, micro/robo-investor Acorns, or Stash a personal finance app for investing). According to SEC Filings, they manage approx. 1 bn US$ in equity investments.
The CEO of Hedosophia is Ian Osborne, known to be a secretive man. He is so secretive in fact that FT’s Sifted wrote an article on this (here). Not surprisingly, therefore, is it that until recently it was yet unknown who was backing Hedosophia. Now German fintech blog FinanceFwd revealed that New York-based billionaire Micheal R. Bloomberg be one of the investors of the fund.
We could not find any investment of Mr. Bloomberg in Frankfurt. Maybe it would be worth his time after corona?
You can find additional information and material on Hedosophia here:
Bloomberg: New SPAC with Hedeosophia involvement https://www.bloomberg.com/news/articles/2020-09-15/social-capital-seeks-to-raise-500-million-for-latest-spac
Key Takeaways
Hedosophia from London (http://hedosophia.com/) has been one of the most important investors in the German fintech scene.
This article covers a significant development in the DACH startup and venture capital ecosystem.
The DACH region (Germany, Austria, Switzerland) continues to be one of Europe's most dynamic startup markets.
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This article is part of our coverage of FinTech Startups in Germany, Austria, and Switzerland.
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Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem.
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About the Host
Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.
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