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Coatue's Former Fintech Head Seeks $400m for Marathon
ByAinvest
Tuesday, Apr 29, 2025 2:14 pm ET1min read
Coatue's former fintech head is targeting $400m for Marathon, a new venture capital firm. The firm aims to invest in early-stage startups in the fintech sector. The investment strategy focuses on companies with a strong potential for growth and scalability. The exact timeline for the fundraising process and the launch of the firm has not been disclosed.
The UK fintech sector continues to thrive, with Allica Bank and Neobank Revolut reporting substantial profits in 2024. Volution, a UK-based venture capital firm specializing in FinTech, AI, and SaaS startups, has launched a new $100 million fund in partnership with Japanese VC investors, SBI Investment Co. This is Volution's second dedicated fund following its initial $30 million investment [1].Volution's Managing Partner, James Codling, highlighted the structural funding challenge in the UK, particularly the evaporation of early-stage funding post Series A. The new fund aims to support companies with established revenue streams, typically ranging from $5 million to $20 million, to fuel their growth and market strategies [1].
The UK's fintech ecosystem is bolstered by its long financial heritage and pioneering role in Open Banking, making it an attractive destination for investment. SBI Investment's director, Tomoyuki Nii, emphasized the UK's strengths in FinTech and AI, as well as its regulatory environment and entrepreneurial ecosystem [1].
Despite the UK fintech sector's success, the broader technology sector has faced a downturn, with Series A funding dropping by 44% in 2024 and Series B conversion rates plummeting by over 50% over the past five years [1].
Volution is also focusing on ESG initiatives, such as its "Carbon Carry" program, to promote sustainable growth in its portfolio.
Separately, Coatue's former fintech head is targeting $400 million for Marathon, a new venture capital firm aiming to invest in early-stage fintech startups. Marathon's strategy focuses on companies with high growth and scalability potential, though the fundraising timeline and launch date remain undisclosed.
References:
[1] https://techcrunch.com/2025/04/28/volution-doubles-down-on-booming-uk-fintech-with-new-100m-fund/
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