Santander InnoVentures

Investor - Venture Capital

Overview

Santander Group's global corporate venture capital fund, focused on early stage FinTech investments.

Country: United Kingdom

Founded: 2014

Headquarters: London, England

Investment Strategy

Geography

  • North America
  • Europe
  • Middle East and Israel

Sector Focus

  • WealthTech
  • Payments and Remittances
  • Infrastructure and Enterprise Software
  • Data and Analytics
  • Cryptocurrencies

Investment Stage

  • Series A
  • Series B
  • Series C
  • Series D

Summary

Santander launched a $100 million fund in July 2014 to get closer to the wave of disruptive innovation in the FinTech space. They aim to support the digital revolution to make sure Santander customers around the world benefit from the latest know-how and innovations across the Banking Group’s geographies.

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Investments

Date

Name

Size

Round

Co-Investors

Sector

Country

December 2016

Tradeshift

undisclosed

Venture

Infrastructure and Enterprise Software

United States

November 2016

PayKey

$6m

Series A

e.ventures, Gaby Salem, CommerzVentures GmbH, Digital Leaders Ventures, Magma Venture Partners, MasterCard

Payments and Remittances

Israel

September 2016

Ripple

$55m

Series B

Accenture Technology Ventures, CME Ventures, SCB Digital Ventures, Seagate Technology LLC, Standard Chartered Bank, Venture51

Payments & Remittances

United States

June 2016

Socure

Undisclosed amount

Undisclosed

Abundance Partners, AlphaPrime Ventures, Caerus Ventures, ff Venture Capital

Infrastructure and Enterprise Software

United Kingdom

May 2016

SigFig

$33m

Series D

Bain Capital Ventures, Comerica Bank, New York Life Insurance Co, Nyca Partners

WealthTech

United States

March 2016

Elliptic

$5m

Series A

Digital Currency Group, KRW Schindler Private Ventures, Paladin Capital Group, Seedcamp

Cryptocurrency

United Kingdom

February 2016

Digital Asset

$60m

Venture

ABN Amro, Accenture, ASX Limited, BNP Paribas, Broadridge, Citigroup, CME Ventures, Deutsche Borse, DTCC, Goldman Sachs, IMB, ICAP, JP Morgan, PNC FInancial Services Group

Banking & Enterprise Software

United States

October 2015

Kabbage

$135m

Series E

BlueRun Ventures, ING Group, Recruit Strategic Partners, Scotiabank, Thomvest Ventures, UPS Strategic Enterprise Fund, Yuan Capital

Data & Analytics

United States

October 2015

Ripple

$4m

Series A

CME Ventures, Seagate Technology, Seagate Technology LLC

Payments & Remittances

United States

August 2015

iZettle

€60m

Series D

Intel Capital, Zouk Capital LLP, 83 North, AMerican Express Ventures, Creandum, Dawn Capital, Hasso Plattner Ventures, Hermes GPE Environmental Innovation Fund, Index Ventures, MasterCard, MCI Capital SA, Northzone, SEB Private Equity

Payments & Remittances

Sweden

March 2015

MyCheck

$7m

Series B

Entree Capital

Payments & Remittances

Israel

May 2014

iZettle

€40m

Series C

PremjiInvest, Access Industries, Andreessen Horowitz, Benchmark, Foxconn Technology Group, Index Ventures, Qualcomm Incorporated, Redpoint, Pupert Murdoch, Smartfren Telecom, Telefonica Ventures, Tencent Holdings, Twitter Ventures, Vivi Nevo

Payments & Remittances

Sweden

June 2013

iZettle

€5m

None

Payments & Remittances

Sweden

Key Employees

Mariano Belinky
Managing Partner

Manuel Silva Martinez
Partner