Mouro Capital secured €343.4 million ($400 million) for the first close of its third fund, with banking giant Santander acting as the anchor investor. The London-based venture capital firm intends to open the platform to additional external investors for the first time in the near future. This latest vehicle brings the firm’s total investment commitments to over €859.3 million.
The firm invests in fintech and technology companies at stages ranging from Seed to Series C across Europe, North America, and Latin America. Specifically, the new fund targets founders building AI-native financial infrastructure, programmable money movement, and identity platforms. The firm also indicates plans to focus on capital markets, wealth management, and insurtech, alongside the governance and risk management tools required for enterprise AI adoption.
Managed independently by General Partners Manuel Silva Martínez and Christopher Gottschalk, Mouro Capital has already completed seven investments from the third fund, including positions in ElevenLabs and Sakana AI. Since its inception in 2015, the firm has backed more than 70 companies and reports an average 4x return on invested capital across 26 exits.
The successful launch of this third vehicle highlights the continued appetite for sector-specific funds that can bridge the gap between traditional banking institutions and the emerging AI-driven financial services stack.
Originally reported by EU-Startups Daily.