ING Ventures

ING Ventures

The venture capital arm of ING Bank. It was launched in 2017 and is located in Amsterdam, the Netherlands.

ING Ventures is an Amsterdam-based venture capital company that invests in various sectors but generally in financial technology. Its stated mission is to aid entrepreneurs who are creating technology and businesses that allow their consumers to be advanced in their own lives and businesses. It has a €300 million fund that makes seed stage and scaling stage investments. The fund is set to make investments for four years between 2017 and 2021. It has made 17 investments and is seeking new investments.

Investor attributes
  • Investment stage focus: Early-stage venture (Series A and B)
  • Standard check size. €250k – €10 million
  • Job creation. 1,690
  • Business plans reviewed. 1,007
  • B2C and B2B client reach. 35 million
Entrepreneurial support services

The benefit of having a corporate venture capital arm fund a startup is oftentimes its ability to access in-house resources at scale. According to ING Ventures, it has an "international distribution network of around 40m clients across 41 countries." It also has financial technology product experience and offers business operations corporate governance guidance.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
Clark (company)

A company offering a software platform for managing insurance.

WeLab is reinventing traditional financial services by creating seamless mobile lending experiences.

Countingup is a business current account & online accounting software.

Axyon AI is a company that creates business applications for capital markets and asset management.

Fintonic is a company founded by Sergio Chalbaud, Lupina Iturriaga and Marcos Icardo.

Exate Technology Limited is a London-based data management company founded in 2015.

10 Results
Results per page:
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Associated investment funds

Investment Fund
Total offering (USD)
Total sold (USD)
Location
Date signed
ING Ventures Fund I
October 2017
1 Result
Results per page:
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People

Name
Role
LinkedIn

Benoît Legrand

CEO

Frederic Hofmann

Managing Director

Jan Willem Nieuwenhuize

Managing Director

Further reading

Title
Author
Link
Type
Date

ING launches ING Ventures: a EUR 300 million fintech fund

ING

Web

October 25, 2017

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

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