Cresco

News – General corporate and securities matters

Formation of Fintech Fund SmartFin Ventures

Cresco acted as lead counsel to the general partner in the structuring, formation and fundraising of SmartFin Ventures, a long-term oriented early stage venture capital fund managed by a team that combines both successful venture capital and international entrepreneurial experience. 

SmartFin Ventures, structured as a tax efficient private privak, is an early stage venture capital fund that invests across Europe with a focus on Benelux, Northern Europe and Israel.

The fund focuses on companies developing smart technologies for the financial industry and related technologies such as security, big data, analytics, artificial intelligence, and enterprise software.

The fund is aiming for a total fund size of EUR 40 million. Investors include the investment arms of the Federal government and investment funds of leading Belgian captains of industry.

Thomas Depuydt and Mark Ziering, Managing Partners of SmartFin Ventures, comment “We have been very pleased to have worked closely with the Cresco team in the formation of SmartFin Ventures and are looking forward to building a long-term partnership. They are unique in the Belgian market in combining a wealth of experience in fund formation with deep and unique technology and venture capital expertise, in particular in fintech.”

David Dessers and Pieter Capiau: “Representing general partners and investors in venture capital and private equity investment funds is one of the cornerstones of our practice. We are very pleased in having assisted the general partner of SmartFin Ventures in setting up this early stage fintech venturing fund.

David Dessers, Pieter Capiau, Olivier Van Raemdonck and Wim Van Berendoncks constituted the deal team for this transaction.

For any further information or questions, please contact David Dessers or Pieter Capiau.

 

More information on this transaction can be found in De Tijd.

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