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.
- 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
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
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.
Associated investment funds
People
Jan Willem Nieuwenhuize
Managing Director
Further reading
ING launches ING Ventures: a EUR 300 million fintech fund
ING
Web
October 25, 2017
