Nova Founders Capital has secured an investment of USD50 million from Pacific Century Group (PCG), an Asian investment group.
Nova Founders Capital is a global internet investment firm, and will leverage the investment to build and develop financial technology businesses in high-growth markets. The investment will enable Nova to further invest in existing companies, build new companies from scratch, and invest in and acquire additional companies for the firm’s portfolio.
Using a rigorous, data-centric approach, the firm analyses global and local consumer trends to build or grow a company that will anticipate change, disrupt established business models and capture market share. Among Nova Founders Capital’s successful ventures are CompareGlobalGroup (the largest financial comparison company in the world), Lion&Lion (one of South-East Asia’s fastest growing digital marketing agencies) and GlassesGroupGlobal (an online eyewear marketplace).
Mads Faurholt-Jorgensen, co-founder and co-chief executive at Nova Founders Capital, says: “Fintech is the largest remaining internet frontier, presenting massive opportunities across Europe, LATAM and Asia in particular. We have so far identified 22 billion dollar opportunities in financial services internet models worldwide. We have already begun work to build and invest in first five of them. We firmly believe that the next tech superstars will come from the fintech industry.”
Nova Founders Capital has opened a European headquarters in London, and will open in Silicon Valley next year.
The firm is inking a deal to invest in Denmark as a gateway to the Nordic markets and is exploring plans for Germany where it sees a strong entrepreneurial environment.
