ABN AMRO's Digital Impact Fund (DIF) has doubled its assets under management from EUR 50 million to EUR 100 million and will continue its activities under the name ABN AMRO Ventures. With this expansion, ABN AMRO Ventures can continue to invest in cutting-edge solutions that are shaping the future of financial services in general and more specifically our organisation.
The current expansion is the second fundraise since the fund’s inception. The first EUR 10 million were invested in the companies Tink, BehavioSec and Cloud Lending Solutions (exit in 2018). Two years later, the fund had grown to EUR 50 million, enabling it to scan the market for additional strategic investments in leading national and international fintechs such as solarisBank, Ockto, Crosslend, ThetaRay, Tealium and Trifacta.
Now, three years after inception, ABN AMRO Ventures has acquired stakes in some industry-leading fintech start-up and scale-up companies, and has developed structural access to a crucial ecosystem of investors, companies and developers involved in the fintech community. To date, the fund has made nine new investments, four follow-on investments and has had one exit.
To further build on its successful investment strategy and ecosystem approach, ABN AMRO Ventures has now doubled its fund size to EUR 100 million and has expanded its team to support this growth. ABN AMRO Ventures director Hugo Bongers: “Since the start of the fund we’ve seen great value in partnering with early-stage tech companies. By making investments, we aim to strengthen the strategic relationship and enhance ABN AMRO’s products and services in a fast-changing environment to create added value for our clients. We would like to thank our portfolio companies for their trust and we look forward to a bright and prosperous future together!”
ABN AMRO Ventures is ABN AMRO’s corporate venture arm dedicated to fintech. It invests in innovative businesses specialising in the digitalisation of financial products, services and infrastructure. The 100 million euro fund has stakes in Tink, BehavioSec, solarisBank, Ockto, Crosslend, Tealium, ThetaRay and Trifacta, and previously invested in Cloud Lending Solutions (from which it exited in 2018).
Source: ABN Amro
