ING Ventures logo

ING Ventures

Europe, Noord-Holland, The Netherlands, Amsterdam

Description

ING Ventures stands as the dedicated venture capital arm of ING, a prominent global financial institution headquartered in Amsterdam, The Netherlands. Established to foster innovation and strategic partnerships, ING Ventures primarily invests in early to growth-stage companies that align with ING's core business objectives and future strategic direction. Their investment thesis centers on identifying disruptive technologies and business models within the financial services ecosystem, including fintech, proptech, data analytics, artificial intelligence, and cybersecurity. The firm aims to not only provide capital but also to facilitate collaboration between portfolio companies and ING's extensive network and customer base, offering a unique value proposition beyond mere financial backing.

The investment strategy of ING Ventures is characterized by a focus on companies that can enhance ING's product offerings, operational efficiency, or customer experience. They seek out innovative solutions that address key challenges or opportunities within the banking and real estate sectors. This strategic alignment means that portfolio companies often gain access to ING's vast resources, expertise, and potential for commercial partnerships, accelerating their growth and market penetration. The team actively engages with startups, providing mentorship and leveraging ING's global footprint to support their development.

Typically, ING Ventures targets initial investments ranging from $1 million to $10 million, reflecting their commitment to supporting promising ventures from Seed to Series B stages, and occasionally later rounds for strategic plays. As of early 2023, the firm had built a robust portfolio comprising over 40 companies across various geographies, demonstrating its active role in the global innovation landscape. Their investments are designed to create symbiotic relationships, where ING benefits from cutting-edge innovation and the startups gain a powerful corporate partner. This approach underscores ING Ventures' role as a strategic investor rather than purely a financial one, aiming for long-term value creation for both ING and its portfolio companies.

Investor Profile

ING Ventures has backed more than 47 startups, with 0 new investments in the last 12 months alone. The firm has led 15 rounds, about 32% of its total and boasts 8 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States, The Netherlands.
  • Strong thematic focus on FinTech, Financial Services, Finance.
  • Typical check size: $1M – $10M.

Stage Focus

  • Series Unknown (32%)
  • Series A (23%)
  • Series B (15%)
  • Seed (11%)
  • Series D (4%)
  • Series C (4%)
  • Debt Financing (4%)
  • Convertible Note (4%)
  • Series E (2%)

Country Focus

  • United Kingdom (28%)
  • United States (17%)
  • The Netherlands (15%)
  • Spain (9%)
  • Germany (9%)
  • Singapore (4%)
  • Czech Republic (4%)
  • Switzerland (4%)
  • Sweden (2%)
  • Ireland (2%)

Industry Focus

  • Fintech
  • Financial Services
  • Finance
  • Banking
  • Artificial Intelligence (Ai)
  • Software
  • Machine Learning
  • Small And Medium Businesses
  • Big Data
  • Saas
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does ING Ventures frequently co-invest with?

Zetta Venture Partners
North America, California, United States, San Francisco
Co-Investments: 3
Citi
North America, New York, United States, New York
Co-Investments: 3
UNIQA Ventures
Europe, Wien, Austria, Vienna
Co-Investments: 3
Barclays Corporate Banking
Europe, England, United Kingdom, London
Co-Investments: 2
HSBC
Europe, England, United Kingdom, London
Co-Investments: 6
Nyca Partners
North America, New York, United States, New York
Co-Investments: 3
ING Group
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 7
Bangkok Bank
Asia, Krung Thep, Thailand, Bangkok
Co-Investments: 2
Sumitomo Mitsui Banking Corporation
Asia, Tokyo, Japan, Tokyo
Co-Investments: 3
Lloyds Banking Group
Europe, England, United Kingdom, London
Co-Investments: 3

Which angels does ING Ventures often collaborate with?

WR
Europe, England, United Kingdom, London
Shared Deals: 1
AV
Europe, Noord-Holland, The Netherlands, Amsterdam
Shared Deals: 1
ES
North America, California, United States, Mountain View
Shared Deals: 1
VP
North America, New York, United States, Manhattan
Shared Deals: 1

What are some of recent deals done by ING Ventures?

H2 Green Steel

Stockholm, Stockholms Lan, Sweden

H2 Green Steel operates a steel production plant to accelerate the decarbonization of the steel industry using green energy.

Debt FinancingJan 22, 2024
Amount Raised: $4,568,942,072
qodek

Tunis, Tunis, Tunisia

Sales & Marketing Automation, Marketing Intents, Sales, AI, LLM

Artificial Intelligence (AI)Marketing AutomationSales Automation
Series AJan 3, 2024
Amount Raised: $5,000,000
EIT InnoEnergy

Eindhoven, Noord-Brabant, The Netherlands

EIT InnoEnergy is an environmental services company that provides catalysing and accelerating energy transitions.

Clean EnergyEnergyEnergy EfficiencyEnergy Management
Series UnknownSep 5, 2023
Amount Raised: $150,145,158
PRODA LTD

London, England, United Kingdom

Revolutionizing real estate through data-driven innovation: Welcome to PRODA, where industry transformation begins.

Artificial Intelligence (AI)Big DataCommercialMachine LearningSaaSSoftware
Series AJun 30, 2023
Amount Raised: $8,000,000
fintonic

Madrid, Madrid, Spain

Fintonic is a free application that enables anyone to organize accounts and saving money.

BankingBig DataConsumer LendingFinanceFinancial ServicesFinTechInsuranceMobilePersonal Finance
Series UnknownJun 14, 2023
Amount Raised: $5,421,753
OpenFin

New York, New York, United States

OpenFin provides financial institutions with a unified workspace and developer platform built for productivity.

FinanceFinancial ServicesFinTechOperating Systems
Series DMay 24, 2023
Amount Raised: $35,000,000
Weaviate

Amsterdam, Noord-Holland, The Netherlands

Weaviate develops a hybrid SaaS platform to build search and recommendation systems.

Artificial Intelligence (AI)Cloud ComputingDatabaseEnterprise SoftwareGenerative AIOpen SourceSearch Engine
Series BApr 20, 2023
Amount Raised: $50,000,000
OpenFin

New York, New York, United States

OpenFin provides financial institutions with a unified workspace and developer platform built for productivity.

FinanceFinancial ServicesFinTechOperating Systems
Series UnknownNov 1, 2022
Sardine

Miami, Florida, United States

Sardine is fraud prevention and compliance software company for the digital economy.

CryptocurrencyFinTechFraud DetectionSoftware
Series BSep 20, 2022
Amount Raised: $51,500,000
OpenFin

New York, New York, United States

OpenFin provides financial institutions with a unified workspace and developer platform built for productivity.

FinanceFinancial ServicesFinTechOperating Systems
Series UnknownJul 6, 2022