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Middlegame Ventures

Venture capital

Luxembourg · Pre-Seed–Series B · 10 people tracked

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Investment thesis

MiddleGame Ventures specializes in European fintech, investing in and partnering with entrepreneurs building the future of digital financial services. The firm positions itself as European fintech specialists with global connectivity, drawing on a team of investors, operators, and former regulators. Its focus is on companies leading the global economy toward a fully digital financial services future.

Invests inAI & Machine LearningCrypto & Web3FintechEuropeGlobalLuxembourgNorth AmericaUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series B
HQ
Luxembourg, LU
Leads rounds
Follows
Instruments
Equity
Founded
2018
AUM
$486M
Tracked investments
13

Team · 10 people

from the firm's website & public directories
Ellen McCance· Venture Partner
Gary McGann· Venture Partner
Loïc Bertoli· Head of Investor Relations

What they invest in

from 10 of 13 portfolio companies

Fintech ×9Enterprise Software ×6SaaS ×5AI & Machine Learning ×3Crypto & Web3 ×3Data & Infrastructure ×2Cybersecurity ×1Developer Tools ×1

HQs:United States×2Sweden×1

Investments · 13 tracked

founders shown can be your intro path
Cartacarta.comin𝕏

Carta is a cloud-based ERP platform for private capital markets that manages cap tables, equity administration, fund management, and valuations for startups, private companies, and venture funds globally.

Enterprise SoftwareFintechSaaS

Henry Ward(Co-founder)Manu Kumar(Co-founder)Charly Kevers(Chief Financial Officer)Jeff Perry(Chief Revenue Officer)Nick Avery(Chief People Officer)Nicole Baer(Chief Marketing Officer)

Drivewealthdrivewealth.comin𝕏

DriveWealth is a global B2B financial technology platform offering Brokerage-as-a-Service through APIs, enabling banks, broker dealers, asset managers, digital wallets, and consumer brands to build investing and trading experiences for their end users.

Developer ToolsEnterprise SoftwareFintechSaaSJersey City, US

Robert Cortright(Executive Officer, Director)Michael Dugan(Executive Officer, Director)

Ellipticelliptic.coin𝕏

Elliptic provides blockchain forensics and compliance investigation tools that help financial institutions trace cryptocurrency transactions across multiple networks and assets to detect illicit activity and generate regulatory reports.

Crypto & Web3Enterprise SoftwareFintechLondon

Eyal Rabinovich(Director)James Smith(Executive Officer, Director)Thomas Robinson(Director)Adam Joyce(Executive Officer)Walter Kortschak(Director)

Gardeniagardeniatech.comin𝕏

Gardenia Technologies is an enterprise data analytics company that applies AI and advanced analytics to ESG and sustainability reporting, working capital management, and finance programmes.

AI & Machine LearningData & InfrastructureEnterprise Software

Inferexinferex.com
Konsentuskonsentus.comin𝕏

Konsentus provides advisory services and central technology infrastructure to help countries build and operate open finance ecosystems, including trust frameworks and identity verification for participants.

Data & InfrastructureFintechSaaS

Lukka / Coinfirmlukka.techin𝕏

Lukka provides digital asset compliance solutions focused on anti-money laundering (AML) and know-your-customer (KYC) screening for the digital asset and cryptocurrency industry.

Crypto & Web3Fintech

Minna Technologiesminnatechnologies.comin

Minna Technologies provides a "Smart Subscriptions" tool (now offered as Ethoca Consumer Clarity Smart Subscriptions) that embeds subscription management into digital banking channels, connecting card issuers, merchants, and consumers so users can view and manage subscriptions in one place.

Enterprise SoftwareFintechSaaS

Personeticspersonetics.comin𝕏

Personetics provides AI-driven analytics and personalization technology for banks and financial institutions, generating predictive insights and financial guidance delivered to bank customers.

AI & Machine LearningFintechSaaS

Railsrrailsr.comin𝕏
Rippleripple.comin𝕏

Ripple builds blockchain-based financial infrastructure to enable cross-border value transfer and payment solutions for enterprises, governments, and financial institutions.

Crypto & Web3Enterprise SoftwareFintech

Ryan Fugger(Founder)

Socuresocure.com

Socure provides an AI-driven platform for digital identity verification, fraud prevention, and risk decisioning, serving enterprises and government agencies across financial services, gaming, healthcare, e-commerce, and other sectors.

AI & Machine LearningCybersecurityFintechNew York, US

John F. Frankel(Director)Alessandro Piol(Director)Pavlo Protopapa(Director)John Ayers(Executive Officer, Director)

BoardSunil Madhu(Executive Officer, Director)

Tandemtandem.co.ukin𝕏

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Middlegame Ventures invest at?
Middlegame Ventures invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does Middlegame Ventures focus on?
Middlegame Ventures focuses on AI & Machine Learning, Crypto & Web3, Fintech.
Where is Middlegame Ventures located?
Middlegame Ventures is headquartered in Luxembourg, LU.
Does Middlegame Ventures lead rounds?
Middlegame Ventures typically participates in rounds rather than leading them.

Media · Podcasts & interviews

featuring the team

The Luxembourg PE&VC Stories Part II with Pascal Bouvier (MiddleGame Ventures)

LPEA Luxembourg · Pascal Bouvier

Images

Middlegame Ventures photo

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