Main Set, a London-based venture capital firm focused on fintech, has successfully raised £14 million for its inaugural fund since launching in late 2024.

The fund, backed by Capricorn Capital Partners, aims to reach a total of £40 million and will invest primarily in fintech and adjacent SaaS businesses.

Main Set's network includes eight venture scouts and a dedicated venture partner with significant fintech experience, which they plan to expand as fundraising progresses.

Utilizing a systematic, data-driven investment approach, Main Set targets businesses with robust models and strong growth potential.

This new fund represents a strategic shift for Main Set, which previously operated on a deal-by-deal basis, allowing for a more structured investment approach.

The fund's initial portfolio features four companies: Anyfin, Sprout.ai, WealthOS, and Databento, which will act as seed investments to enhance liquidity for investors.

In addition to capital, Main Set provides operational support, leveraging its team's expertise across various fintech sectors, including Payments, Insurtech, and Neobanking.

As part of Capricorn Capital Group, Main Set benefits from extensive institutional resources and industry knowledge, with Ioto Iotov continuing to lead the fund's investments.

Mikael Hussain, CEO of Anyfin, commended Main Set for its deep understanding of the fintech landscape and the value it adds to its portfolio companies.

Ioto Iotov expressed enthusiasm about the strong interest from investors and the quality of fintech opportunities available.