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. Average disclosed round size is $9.3M (across 6 rounds with reported amounts).
Portfolio
6
Fund Size
—
Top Stage
Series A
Last 12 Mo
1
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
6 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Circit | Growth | $22M | Feb 2026 |
| FFundcraft | Series A | $6M | Nov 2024 |
 Kayna | Pre-Seed | $1M | Sep 2023 |
 Outmin | Seed | $1.5M | Oct 2022 |
 Payslip | Series A | $10M | May 2021 |
 Minna Technologies | Series B | $15.5M | Jan 2021 |
Top Co-Investors
Element Ventures1 shared
Nineyards Equity1 shared
Visa1 shared
Fuel Ventures1 shared
Aperture Venture Partners1 shared
Mouro Capital1 shared
Frontline Ventures1 shared
Tribal VC1 shared
Ten Coves Capital1 shared
Aquiline1 shared
Last updated: 8 March 2026