If the IPO proceeds successfully Augmentum will buy a seed portfolio it values at £33.3m, including investments in Zopa and Seedrs and claims to have a pipeline in excess of £100m of difficult-to-reach private companies.
Neil England, Augmentum Fintech chairman, said its seed portfolio which "still has significant upside potential and an identified pipeline of investments". He said: "The substantial demand for post-seed venture capital funding in the European fintech market is being underserved and the company will be well positioned to capitalise on the best opportunities available in the market and deliver attractive long-term returns for investors.” Tim Levene, co-founder and principal of Augmentum Capital, the company which will advise on the fund's investments, said: “Europe offers a large addressable and attractive fintech investment opportunity where we are blessed with a deep pool of talent and the company is well positioned to capitalise on some of the most compelling opportunities available in the market."
http://www.cityam.com/280959/rothschild-backed-fintech-fund-augmentum-announces