Mouro Capital has announced the first close of its third fund, with £300 million secured from Banco Santander. The venture capital firm invests in businesses operating at the intersection of financial services and technology across Europe, North America and Latin America, typically from seed to Series C. The latest fundraising brings its total investment commitments to more than $1 billion as it plans to welcome additional investors to the platform in the future.
The fund targets companies building financial infrastructure, AI-enabled financial services technology, governance, risk and compliance platforms, capital markets technology, wealth management tools and insurtech businesses.
Since 2015, Mouro Capital’s team has invested across North America, Europe and Latin America - typically from seed to Series C. Mouro Capital has developed a strong track record of supporting founders through market cycles, historically showcasing returns in the top 10% of the league table of global venture capital managers*.
Across 26 exits, the firm has generated an average 4x return on invested capital. With seven completed investments to date in the new fund, the thesis is already visible in the portfolio. Recent investments include ElevenLabs (conversational AI with strong focus on financial services agents) and Sakana AI (a Japanese factory for AI-driven modernization of banking processes).
Over the past decade we’re proud to have built a global platform delivering strong, consistent returns. With this fund we’re excited to back the next generation of global founders rewiring financial services through the lens of AI, data and infrastructure.
Financial services and technology have been converging for years, AI has further accelerated the pace of change. We’re seeing the emergence of AI-native financial infrastructure—from real-time payments to programmable money movement, identity and data platforms.
We are confident it is well placed to identify the founders and companies best positioned to shape the next phase of innovation across the market, which supports our decision to invest in this next fund.
