TX Ventures, the independent and financial return driven venture arm of the TX Group, has launched its first fund of 100 million francs. The fund is structured as a single Limited Partnership and its sole investor is TX Group.
According to a press release, TX Ventures set the base to launch its new FinTech fund by disposing of non-core assets, such as the sale of Olmero to Byggfakkta Group from Sweden. It has also implemented a professional investment committee and clearly defined its financial return-oriented investment mandate.
TX Ventures invests in financial technology startups in Europe, with preference for the German-speaking region. The mandate has its focus on early-stage investments with initial tickets ranging from 0.5 million francs to 5 million francs. TX Ventures states that “despite the current economic headwinds – the current market environment offers great investment opportunities”. The team has “a clear long-term ambition to become one of the leading early stage FinTech investors in Europe”.
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