London-based venture capital firm Main Set has announced the first close of its debut fund, securing £14 million in commitments. The fund is anchored by Capricorn Capital Partners and aims for a final close of £40 million. It will focus on investments in Fintech and adjacent SaaS businesses, marking Main Set’s transition from deal-by-deal investing to a structured blind pool fund.

Supporting Fintech Innovation with a Disciplined, Data-Led Approach

Launched in late 2024, Main Set is responding to growing LP interest in fintech by formalizing its strategy and expanding capital deployment. The fund’s first investments include existing portfolio companies Anyfin, Sprout.ai, WealthOS, and Databento, which will serve as its initial seed portfolio.

“We’re excited by the interest in our growing platform… the pipeline of high-quality fintechs is incredibly strong,” said Ioto Iotov, Founder and Managing Partner.

Main Set employs a systematic, data-driven investment strategy, backing startups with strong unit economics, resilient business models, and long-term growth potential. In addition to capital, the firm offers operational support from a team experienced in Payments, Insurtech, Wealthtech, CFO tools, and Neobanking.

Building the Next Wave of Fintech and SaaS Leaders

The firm is backed by a network of venture scouts and a dedicated venture partner and benefits from its affiliation with Capricorn Capital Group, a global private investment firm active in over 13 countries.

Main Set will continue to invest in early-stage Fintech and SaaS companies across Europe and plans to expand its venture network as the fund scales.