Anthemis

11

Project Title

Founded by Sean Park and Amy Nauiokas during the great recession in 2008, Anthemis has established itself as one of the top performing specialist VC funds in the financial services sector.

Anthemis focuses on early stage (pre-Seed and Series A) start-ups. Their team brings 180+ years of financial services expertise and one of the strongest track records making 100+ investments since inception investments generating a return of 5.0x gross MoIC and gross IRR of 25%

Noa's StrategyFund investment and Middle-East Chapter
SectorFintech
CountryUnited Kingdom
Founded2010
Investment StageEarly Stage

INVESTMENT RATIONALE

  • Anthemis presented Noa with an opportunity to invest at the company holding level, which has allowed Noa to become a strategic Shareholder
  • The fund has several strong LPs such as BBVA, UniCredit and Barclays

  • They have a diversified portfolio concentrated between North America and Europe in various sub-sectors of fintech such as payments, insure-tech, wealth management and capital markets

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THE NOA IMPACT – INVESTMENT/SCALING/RAISING

Noa becomes a shareholder on the group level of the GP in Q1 2020.

Noa has been working with Anthemis on its fund-raising activities since Q1 2020 and has led all LP discussions across the MENA region.

Leading Anthemis Portfolio MENA expansion discussions with strategic Joint Venture Partnerships

Scaled Moven (Anthemis Portfolio Company) to KSA with a partnership with STC 

Secured 5 strategic shareholders to Anthemis from KSA, Kuwait, UAE and Italy

Secured LPs for Anthemis Venture Fund including one of the largest banks in the region.

Noa has co-invested with Anthemis in 3 deals including Tide, Betterment and Stepladder. Strategic investors have also taken part from the Noa Family.

Brand awareness through online events and connectivity through the Noa Business Accelerator.