Main Set FinTech VC Firm Raises £14M in First Close for Ambitious £40M Debut Debt Fund
Main Set, a venture capital firm focused on the dynamic FinTech and SaaS sectors, has successfully completed the first close of its debut fund, raising £14 million in commitments. This milestone is a significant step for Main Set, which launched the fund in late 2024 and has set an ambitious goal of securing a final close of £40 million.
Main Set’s Growth in the FinTech Sector
As reported by Finextra, the initial fundraising has been anchored by Capricorn Capital Partners, highlighting the confidence investors have in Main Set’s strategy. The firm is committed to deploying capital into high-growth FinTech and software ventures that are transforming the landscape of financial services and technology.
Investment Strategy and Focus Areas
Main Set employs a data-driven approach to identify scalable solutions for sector-specific challenges. The firm prioritizes business models with robust unit economics and significant growth potential. The new fund will specifically target early-stage companies in several key areas, including:
- Payments
- InsurTech
- WealthTech
- CFO tools
- Neo-banking verticals
Proceeds from the fund will be used to develop a seed portfolio, with investments already made in four existing companies: Anyfin, Sprout.ai, WealthOS, and Databento. This strategy aims to accelerate investor returns by minimizing liquidity timelines and enabling earlier capital deployment.
Expertise Behind Main Set
Main Set’s approach combines financial backing with extensive industry expertise. The firm boasts a team and an advisory network that includes eight venture scouts and a dedicated venture partner, all bringing valuable experience from various sectors within FinTech and financial services. The network is anticipated to expand further as the firm continues its fundraising efforts.
Quotes from Leadership
Ioto Iotov, founder and managing partner of Main Set, expressed enthusiasm about the growing interest in their platform. He stated, “We’re excited by the interest in our growing platform, bringing additional capital to our deployment capabilities at a time where the pipeline of high-quality FinTechs is incredibly strong.”
Robert Gottlieb, CEO of Capricorn Capital Partners UK, shared his views on the partnership: “The Capricorn Group is delighted to be the anchor investor in Main Set’s first fund. Our confidence in Ioto and the team has been solidified through their demonstrated ability to identify high-growth opportunities.”
Collaborative Successes
Mikael Hussain, co-founder and CEO of Anyfin, praised the collaboration, stating, “Anyfin operates in a field that to many investors is not intuitive, making it a delight to meet people who understand the business model and market dynamics.” He highlighted Main Set’s value-added partnership since their investment.
Looking Ahead
The new fund marks Main Set’s first blind pool, moving away from its previous deal-by-deal strategy. With the support of Capricorn Capital Group, a global private investment firm active in over 13 countries, Main Set is positioned to benefit from international reach and decades of industry experience.
To learn more about investment opportunities in the FinTech sector, check out our related articles on FinTech News and Venture Capital Insights.
