We are pleased to report that Solarisbank AG, Europe’s leading Banking-as-a-Service platform, has raised EUR 190 million in an oversubscribed Series D funding round, valuing the company at EUR 1.4 billion. Shackleton portfolio company, FinLeap is a founder shareholder of Solarisbank and retains a substantial shareholding. This funding event marks FinLeap's first home-grown unicorn. The round was led by Decisive Capital Management, with support from [...]
We are delighted to share this recent news from FinLeap's CEO Ramin Niroumand. The fintech sphere has been quite dynamic in recent weeks. The developments in the Wirecard case continue to dominate international news as the story gradually unfolds. However, there is also positive fintech news to share. Despite the summer break, many companies are working on their comebacks following the Corona crisis. The finleap [...]
We are delighted to announce that Shackleton investee, PanInsight (trading as Panintelligence) has secured fresh investment from YFM Equity Partners and Cohmar Capital. The £4.5 million transaction will allow the company to pursue its next phase of growth and allows a partial cash exit for Shackleton and other founder investors. This also represents Shackleton's 22nd profitable realisation. PanIntelligence is a rapidly scaling data visualisation, reporting [...]
The Shackleton team is very pleased to have backed Adgero, the cleantech business that uses ultra-capacitors to recover kinetic energy from commercial vehicles. Adgero's immediate deployments are as a retro-fit solution for rigid trucks and trailers operating in urban and peri-urban settings. Its broader targets include large road-trains in the mining industry, a range of other commercial vehicles, and cranes. Adgero’s solution creates substantial cost [...]
FinLeap investee Elinvar announced today that it has secured Goldman Sachs as the lead investor for its latest funding. This is yet another example of the quality of FinLeap's portfolio companies and ecosystem. Elinvar is a digital platform for asset and wealth managers. Its platform covers the complete value chain - from the client’s website to the consultation and the investor portal. It provides an [...]
We are delighted to announce that ELEMENT, the digital insurance platform developed by Shackleton investee FinLeap has secured a further €23 million in funding. ELEMENT is a fully digital white-label insurance product factory, which is fully licensed by Germany's regulator BaFin to write P&C insurance business. ELEMENT's business partners can offer to their customers modern property and casualty insurance products and a digital customer experience [...]
Shackleton investee FinLeap, which is now Europe's largest fintech company builder, today announced that it has raised EUR 41.5 million in an investment round, led by Ping An‘s Global Voyager Fund. Ping An, a leading Chinese financial services firm, is the world‘s largest insurance company by market capitalization and a widely recognized fintech and healthtech innovator. "Since our launch four years ago, we have been [...]
Hot on the heels of the hugely successful development of The SSE Hydro, Shackleton investee, The Scottish Event Campus (SEC) has applied for planning permission in principle for a major expansion of its facilities with a vision to create a unique global event campus capable of taking the World’s top conferences, exhibitions and events. The £150-£200m project includes a dedicated entrance to the west of [...]
Insurance-robo-advisor Clark today announced the closing of a US$29 million financing round, the largest Series B financing of any European insurtech to date, led by FinTech investor Portag3 Ventures and transatlantic fund White Star Capital. Existing investors, including Coparion, Kulczyk Investments and Yabeo Capital, also invested new funds in the Frankfurt and Berlin-based company, bringing total financing to date to US$45 million. Shackleton investee, FinLeap, [...]
Berlin-based banking platform raises EUR 56.6 million (USD 70.1 million) BBVA, Visa, Lakestar and ABN AMRO DIF to join as strategic investors Current investors Bertelsmann subsidiary, Arvato Financial Solutions and Japanese SBI Group re-invest solarisBank was formed by Shackleton-backed FinLeap two years ago, with FinLeap remaining the leading shareholder Berlin, 08/03/2018 – solarisBank, the first banking platform with a full banking license, has successfully [...]
