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Middlegame Ventures

Venture capitaloperating company · company profile

Luxembourg · Pre-Seed–Series B · 14 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.

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
16

Team · 14 people

from the firm's website & curated & public directories
Ellen McCance· Venture Partner
Gary McGann· Venture Partner
Loïc Bertoli· Head of Investor Relations
Arnaud Pedrazzani· Investment Managerin
Mia Lewis· Investment Managerin

What they invest in

from 16 of 16 portfolio companies

Fintech ×13Enterprise Software ×7SaaS ×7AI & Machine Learning ×5Crypto & Web3 ×4Data & Infrastructure ×4Cleantech ×2Developer Tools ×2

HQs:United States×5United Kingdom×2France×1Sweden×1

Investments · 16 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 SoftwareFintechSaaSSan Francisco, US

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

Co-investorsA*Align VenturesAmity VenturesAndreessen HorowitzAnthemis VentureDraper Associates+35 more

Ctrlctrl.energyin𝕏Oct 2023

CTRL ENERGY develops LEPO, a modular and reusable smart battery designed for stationary and emergency energy storage, using recycled cells and recycled/bio plastic.

CleantechEnergyHardwareParis, FR

Co-investorsFounders Factory365.fintechEnterprise Ireland

Ctrl Altctrl-alt.coinOct 2023 · $2.7M

Ctrl Alt provides on-chain tokenization infrastructure and financial engineering services that convert alternative assets—such as real estate, private markets and renewable infrastructure—into regulatory-compliant tokenized investment products.

Crypto & Web3Enterprise SoftwareFintechLondon, GB

Matt Ong(Founder)

Co-investorsMolten Ventures365.fintechEnterprise Irelandunbundled vc

Drivewealthdrivewealth.comin𝕏

DriveWealth offers an API-based Brokerage-as-a-Service platform that lets banks, broker-dealers, asset managers, digital wallet providers, and consumer brands embed securities trading and investing for their end clients.

Developer ToolsEnterprise SoftwareFintechSaaSJersey City, US

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

Co-investorsAccelMouro CapitalPoint72 VenturesRaptor GroupRoute 66 VenturesSenaHill Partners+1 more

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

James Smith(Executive Officer, Director)Thomas Robinson(Director)Adam Joyce(Executive Officer)Tom Robinson(Founder)inSimone Mainiin

BoardEyal Rabinovich(Director)

Co-investorsAlbionVCDigital Currency GroupEvolution Equity PartnersMouro CapitalOctopus VenturesPaladin Capital Group+11 more

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.comin

Inferex provides a platform for deploying machine learning models at scale, integrating them into applications, and running AI workflows for developers building AI applications.

AI & Machine LearningCloud ComputingDeveloper Tools

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

Co-investorsNOW JapanRaptor Group

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

Co-investors13books Capital

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

Co-investorsLightspeed Venture PartnersMouro CapitalNycaNyca PartnersViola VenturesWarburg Pincus

Railsrrailsr.comin𝕏

Railsr provides embedded finance infrastructure that lets businesses integrate banking, cards, and payment services into their own products.

Data & InfrastructureFintechSaaS

Co-investorsCohen CircleFuturecraft VenturesMoneta VCSalica InvestmentsVentura Capital

Ripple Labsripple.comin𝕏

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

Crypto & Web3Enterprise SoftwareFintechSan Francisco, US

Ryan Fugger(Founder)David Schwartz(Director)inSusan Athey(Director)Gene Sperling(Director)Christian Larsen(Executive Officer, Director, Promoter)Young Guo(Director)

Co-investors500 GlobalAbstract VenturesAurum Venture PartnersAvant Global LLCCamp One VenturesCastle Island Ventures+19 more

Socuresocure.comin𝕏

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 Ayers(Executive Officer, Director)in

BoardJohn F. Frankel(Director)inSunil Madhu(Executive Officer, Director)inAlessandro Piol(Director)Pavlo Protopapa(Director)Philip Eytan(Director)

Co-investorsAccelAlpha PartnersAltaIR CapitalAmity VenturesCommerce VenturesConnectivity Ventures+15 more

Tandemtandem.co.ukin𝕏

Tandem is a UK-regulated bank offering app-based savings products, including Cash ISAs and savings accounts, whose deposits fund greener lending such as home energy-efficiency upgrades, solar panels, and low-emission vehicles.

CleantechClimate TechFintech

Tobias Dickmeis(Co-founder)in

Co-investorsDigital Space VenturesAccelGeneral Catalyst

Theia Insightstheiainsights.comin

Theia builds a common ontology for financial markets, mapping thematic exposures across companies and funds so users can screen stocks and funds, create thematic indices and ETFs, and analyze portfolio risk.

AI & Machine LearningData & InfrastructureFintechSaaSBethesda, US

Ye Tian(Founder & CEO)inIsami Ito(President & CRO)inJames Thorne(CTO)in

Co-investorsClocktower VenturesUnusual VenturesFurther Ventures

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Middlegame Ventures made?
Middlegame Ventures has 12 tracked investments.
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.
Who does Middlegame Ventures co-invest with?
Middlegame Ventures most often shares deals with Mouro Capital, Accel, Digital Currency Group, among 60 tracked co-investors.

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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