Fintech investor Motive Partners expands in Europe with embedded/capital buyout | AltAssets Private Equity News
Summary
The firm, which boasts former JPMorgan Chase exec Blythe Masters as a founding partner, will expand its operations into Europe through the investment in the Germany-headquartered business. Click to sign up to AltAssets’ free daily PE newsletter Masters said, “We have known the team by reputation for some time, and have admired their prowess as both business builders and investors in leading entrepreneurs that are evolving the financial technology landscape. “This acquisition not only adds depth and capability to our team, but provides critical strategic benefits to the rest of the firm, including innovation insights and learning, attracting top talent and enhanced sourcing networks.” Embedded’s nine investments to date include Bezahl.de, Bunch, Februar.co, Getquin, Hero, Luca, Myne, Nelly and Pliant. Ramin Niroumand, founder of embedded/capital and now a partner at Motive Ventures, said, “Motive’s team of experienced innovators, operators and investors is fully aligned with our ethos, DNA and sector focus, leading to an extraordinarily similar culture and team fit. Earlier this year Motive sealed a stunning fundraise by pulling in more than $2.5bn for the final close of its second flagship investment vehicle.