TX Ventures Launches CHF 100 Million Fintech Fund to Invest in Early Stage Startups

TX Ventures Launches CHF 100 Million Fintech Fund to Invest in Early Stage Startups

by December 6, 2022

TX Ventures, the VC arm of Swiss media company TX Group, announced that it has launched a European CHF 100 million fintech investment fund with a particular focus on startups from the DACH region.

The fund is structured as a single limited partnership, and its sole investor is TX Group.

The VC arm said in a statement that its current mandate will be to invest in early stage fintech, insurtech, and crypto startups ranging from seed funding to Series A with initial tickets ranging from CHF 500,000 to CHF 5 million.

Startup Competition venture

TX Ventures has laid the groundwork to prepare for the new fintech fund through the implementation of a professional investment committee.

The TX Ventures investment committee is chaired by Romy Schnelle, Partner at Hightech Gründerfonds (HTGF) and complemented by fintech founder Miriam Wohlfarth, Sandro Macchiacchini (COO of TX Group), Daniel Mönch (CSO of TX Group) and Olivier Rihs (Board Member SMG and JobCloud).

The team comprising Krzysztof Bialkowski, Jens Schleuniger, David Schnider and Markus Rommel has already built a strong portfolio of Swiss-based fintechs.

Some of the past investments made by TX Ventures include Swiss challenger bank neon, the alternative investment platform Stableton, the real estate price intelligence software Pricehubble, and exits such as the mortgage platform Moneypark.

The VC said in a statement,

“TX Ventures believes 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, a growing and sizable market for fintech.”

 

Featured image: The TX Ventures team from left to right: Krzysztof Bialkowski, Markus Rommel, David Schnider, Jens Schleuniger