Fintech companies to receive $75 million in fresh investment
The tech startup landscape is buzzing with excitement as two new ventures, the Shapers fund and the UnternehmerTUM AgriFood Accelerator Track, have been launched recently.
First, let's delve into the Shapers fund. Based in Lisbon, Portugal, this venture capital (VC) fund was founded by Philippe Teixeira da Mota, a former Hedosophia investor who has driven investments in notable Fintech companies such as N26, Scalable Capital, and Qonto. The Shapers fund is part of the FunderNation VC Funds & Accelerators Ticker and focuses exclusively on Fintech startups.
Among the prestigious investors of the Shapers fund are the founders of major Fintechs like N26 and Qonto, as well as Bitpanda and Affirm. One of their recent investments was in the French wealth app Finary, and the fund is currently seeking more investment opportunities in promising Fintech startups. Interestingly, no German startups are currently in the Shapers portfolio. To date, the fund has made eight investments in total.
In a separate development, UnternehmerTUM, a leading innovation and start-up centre, has launched a new accelerator track for startups in the AgriFood sector. This accelerator is part of the XPRENEURS incubator and targets startups along the entire value chain of agriculture.
The UnternehmerTUM AgriFood Accelerator Track supports up to five promising AgriFood startups per batch through customized workshops, mentoring, workspace at Munich Urban Colab, and access to UnternehmerTUM's extensive investor network. The track emphasizes topics like biostimulants, soil health, and plant innovations and collaborates with the global seed company KWS for expertise and networking.
KWS, a leader in sustainable agricultural technologies, is the first partner for the new accelerator track launched by UnternehmerTUM. Industry partners like KWS contribute their expertise in the field, helping to promote and scale technical solutions for issues like soil health, biostimulants, and intelligent sensor technology.
The goal of the accelerator track is to foster the growth of AgriFood startups and help them navigate the complex regulatory landscape of the agricultural sector. Startups in the accelerator benefit from targeted mentoring, network access, and workshops designed to help them scale their businesses effectively.
These two new ventures, the Shapers fund and the UnternehmerTUM AgriFood Accelerator Track, are poised to make significant contributions to the tech startup ecosystem, with the Shapers fund providing funding for Fintech startups and the accelerator supporting AgriFood startups in their journey towards scaling and success.
