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    Middlegame Ventures logo

    Middlegame Ventures

    Luxembourg City, LuxembourgFounded 2017

    Middlegame Ventures is a Luxembourg-based venture capital firm that focuses on early-stage investments (Post-Seed, Series A, and Series B) in European FinTech startups. Their strategy targets companies re-architecting financial services infrastructure, including those leveraging AI, cybersecurity, deep tech, quantum technologies, and blockchain/crypto.

    67% of their portfolio is in Fintech. Deal activity decreased year-over-year (1 deals in the last 12 months vs 2 prior). Average disclosed round size is $8.9M (across 9 rounds with reported amounts).

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    Portfolio

    9

    Fund Size

    $300M

    Top Stage

    Series A

    Last 12 Mo

    1

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    9 investments
    CompanyRoundAmountDate
    Circit logoCircitGrowth$22MFeb 2026
    FFundcraftSeries A$6MNov 2024
    Trustap logoTrustapUnknown$5.1MJul 2024
    Kayna logoKaynaPre-Seed$1MSep 2023
    Outmin logoOutminSeed$1.5MOct 2022
    Blockpit logoBlockpitSeries A$8.4MJul 2021
    Payslip logoPayslipSeries A$10MMay 2021
    Minna Technologies logoMinna TechnologiesSeries B$15.5MJan 2021
    Wayflyer logoWayflyerSeed$10.2MOct 2020

    Top Co-Investors

    Ten Coves Capital1 shared
    Aquiline1 shared
    Element Ventures1 shared
    Visa1 shared
    Tribal VC1 shared
    XTX Ventures1 shared
    Atlantic Bridge1 shared
    Speedinvest1 shared

    Last updated: 21 April 2026