Illuminate Financial Closes $135M Early Growth Fund for AI and Fintech Startups

According to Illuminate Financial, the London-based venture capital firm closed a $135 million early growth fund to invest in Series B and later-stage enterprise AI and fintech startups. The fund's backers include eight major financial institutions: BNP Paribas, Citi, Deutsche Börse, HSBC, Jefferies, RBC, S&P Global, and TD Securities. This marks the firm's fourth fund and its first focused on later-stage deals.
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