Shapers Launches $75 Million Fund to Boost European Fintech Innovation
Shapers, a prominent investment firm founded by brothers Philippe and Thomas Teixeira Da Mota, has officially launched its inaugural fund, focused on nurturing early-stage fintech companies in Portugal and across Europe. With an ambitious goal of $75 million, the fund plans to make investments ranging from $500,000 to $5 million, targeting innovators in the financial technology sector.
Since its inception, the fund has successfully executed eight investments, supporting several promising companies including Deblock, Diligent, CHIFT, Ferrovinum, and Klearly. A significant milestone came when EMBER, one of its portfolio startups, was acquired by Starling Bank, showcasing the fund’s potential for success and the strategic selection of investments.
Investing in Visionary Founders
The founders, Philippe and Thomas Teixeira Da Mota, emphasize a personal approach to investment through relationship-building and a strong belief in their founders’ visions. Philippe previously served as the first employee at Hedosophia, where he cultivated experience and relationships with several groundbreaking companies in the tech landscape. Thomas brings an extensive strategic background, making them uniquely positioned to create a focused and impactful venture capital platform.
Illustrating this approach, Philippe’s early investment in Finary’s CEO, Mounir Laggoune, in 2020 exemplifies Shapers’ commitment to nurturing relationships. Recognizing Laggoune’s ambition to democratize private banking services, Philippe supported the startup at a foundational stage, reaffirming Shapers’ long-term partnership philosophy.
A Network-Driven Ecosystem
One of the notable advantages of Shapers is its robust network of limited partners. Over 60 founders and leaders from esteemed fintech companies such as Qonto, Sage, N26, Bitpanda, and Assert have vested in this fund. In addition to these industry leaders, Shapers has garnered support from notable venture capital firms like Gut, Localglobe, and Valar Ventures. This expansive network not only provides essential funding but also grants portfolio companies access to key markets and exceptional talent recruitment opportunities.
Shapers’ impact has been particularly pronounced in France and the United Kingdom, while also extending its support to emerging startups in Germany, Belgium, and the Netherlands. By collaborating with local and American investment firms, Shapers leverages its specializations while maintaining a strong connection to global investment trends.
The Future of Fintech Investing
As Shapers embarks on this exciting journey with its $75 million fund, its focus on early-stage fintech investments reflects a growing need for innovation in financial services. By fostering visionary founders, building strong networks, and strategically targeting investment opportunities, Shapers aims to redefine the landscape of fintech in Europe and position itself as a key player in the sector’s evolution.