What investment strategy does 13books Capital focus on?

13books Capital focuses on VC, Growth strategies in the private equity space.

How many portfolio companies does 13books Capital have?

13books Capital has 25 active portfolio companies and 2 completed exits and 2 funds tracked on GP Intel.

Where is 13books Capital headquartered?

13books Capital is headquartered in London, United Kingdom.

What is 13books Capital's assets under management?

13books Capital manages approximately €262M in assets under management.

When was 13books Capital founded?

13books Capital was founded in 2019.

What sectors does 13books Capital invest in?

13books Capital invests across Financials, TMT, Software.

What are 13books Capital's recent exits?

Recent realized exits by 13books Capital include: Billhop (2026) to Ramp; Minna Technologies (2024) to Mastercard.

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13books Capital

London, United Kingdom·Founded 2019·

Venture Capital Growth Equity

·13bookscapital.com

13books Capital is a London-based specialist venture capital firm that backs founders building B2B financial technology businesses across payments, banking infrastructure, insurtech, digital assets and wealth. It was founded in 2019 as Element Ventures by Steve Gibson and Michael McFadgen, later joined by former HSBC vice-chairman Spencer Lake, and rebranded to 13books Capital in November 2023. The firm invests from seed to Series A with ticket sizes of roughly GBP 1m to 7m. It closed a USD 130m founder-backed first fund in 2021 and a GBP 121m second fund in July 2024, with institutional limited partners including British Patient Capital, KfW Capital, Isomer Capital and IPGL. 13books Capital LLP is authorised and regulated by the UK Financial Conduct Authority under firm reference number 924067.

AUM

€262M

Funds

vintages 2021–2024

Portfolio

Exits

13books Capital is a London venture capital firm with €262M AUM, 25 active companies and 2 exits.

SectorsFinancials TMT Software

Key takeaways

·Top sector focus: Fintech (63% of portfolio).
·Fund cadence: ~3Y between vintages · last raise 2024.

Sector breakdown

27 companies

Fintech

17 · 63%

AI/ML

2 · 7%

ClimateTech

1 · 4%

Gaming

1 · 4%

Software

1 · 4%

Mobility

1 · 4%

Business Services

1 · 4%

Cybersecurity

1 · 4%

Geography breakdown

8 geographies

12 · 44%

Germany

5 · 19%

France

4 · 15%

Sweden

2 · 7%

Spain

1 · 4%

Ireland

1 · 4%

Denmark

1 · 4%

Estonia

1 · 4%

Key facts

HQLondon, United Kingdom

Founded2019

Employees12+

Website13bookscapital.com

Recent exits

13books Capital sold Billhop to Ramp in 2026 after 5 years.

13books Capital sold Minna Technologies to Mastercard in 2024 after 3 years.

Partners

Steve GibsonPartner

Michael McFadgenPartner

Spencer LakePartner

Meera BissoondeealPrincipal

Nitya GuptaPrincipal

Coverage notes

2 funds tracked, 27 portfolio companies (25 active · 2 realized). Verified weekly from public filings and deal announcements.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Steve Gibson

Partner · Co-founder

Michael McFadgen

Partner · Co-founder

Spencer Lake

Partner

Meera Bissoondeeal

Principal

Nitya Gupta

Principal

Aleksandra Tyurina

Principal

Funds & portfolio

Every fund 13books Capital has raised, with its portfolio companies. Hand-checked from public filings.

2 funds

Fund

Strategy

Vintage

Size

Assets

Exits

13books Capital Fund II

VC2024€142M15 assets

2024 · 2yr

€142M

–

Unrealized

15 held

Company	Entry
Aria Fintech · France	2023
Bitstack Fintech · France	2025
Blockbrain AI/ML · Germany	2026
Briink ClimateTech · Germany	2024
Crezco Fintech · UK	2024
Five Fintech · UK	2026
Infact Fintech · UK	2024
LO:TECH Fintech · UK	2025
Metica Gaming · UK	2025
Model ML AI/ML · UK	2026
Najar Software · France	2024
Ramify Fintech · France	2024
Reveni Fintech · Spain	2025
Seapoint Fintech · Ireland	2026
The Electric Car Scheme Mobility · UK	2024

Element Ventures Fund I

VC2021€120M10 assets2 exits

2021 · 5yr

€120M

Unrealized

10 held

Company	Entry
Arbolus Business Services · UK	2022
Banxware Fintech · Germany	2022
Coincover Cybersecurity · UK	2021
Getmomo Germany	2022
Hepster InsurTech · Germany	2021
Januar Fintech · Denmark	2022
Runa Fintech · UK	2022
Thirdfort Fintech · UK	2022
Token Fintech · UK	2022
Wert Fintech · Estonia	2022

Realized

2 exits

Company	Entry	Exit	Type	Buyer	MOIC
Billhop Fintech · Sweden	2021	2026	Trade Sale	Ramp	–
Minna Technologies Fintech · Sweden	2021	2024	Trade Sale	Mastercard	–

About 13books Capital

13books Capital is a pure-play fintech venture capital firm with Fund II closed July 2024 at £121 million (~€144 million) and two funds raised to date as of December 2024, headquartered in London. The firm was founded in 2019 by Steve Gibson and Michael McFadgen (later joined by former HSBC vice-chair Spencer Lake), with LPs including British Patient Capital, KfW, Isomer Capital and IPGL. 13books has invested in approximately 19 fintech portfolio companies to date.

Investment thesis

13books Capital deploys capital through two funds, targeting seed to Series A venture capital with cheque sizes of approximately £1-7 million as a concentrated fintech specialist. Sector focus spans fintech sub-verticals including embedded finance, payments, insurtech, wealthtech, regtech and compliance and crypto and digital-asset infrastructure. Geographic deployment is the UK and broader Europe. The platform combines career fintech operators with senior banking leadership, backing European founders from seed to Series A.

Recent activity

Recent realised exits include subscription-management fintech (2024) and digital-asset and crypto exchange infrastructure. Recent acquisitions include embedded invoicing and API fintech (Series A) and a digital wealth management platform (Series A). The platform continues active deployment across the European fintech seed-to-Series-A mandate.

Frequently asked questions

What investment strategy does 13books Capital focus on?: 13books Capital focuses on VC, Growth strategies in the private equity space.
How many portfolio companies does 13books Capital have?: 13books Capital has 25 active portfolio companies and 2 completed exits and 2 funds tracked on GP Intel.
Where is 13books Capital headquartered?: 13books Capital is headquartered in London, United Kingdom.
What is 13books Capital's assets under management?: 13books Capital manages approximately €262M in assets under management.
When was 13books Capital founded?: 13books Capital was founded in 2019.
What sectors does 13books Capital invest in?: 13books Capital invests across Financials, TMT, Software.
What are 13books Capital's recent exits?: Recent realized exits by 13books Capital include: Billhop (2026) to Ramp; Minna Technologies (2024) to Mastercard.