ING Ventures is the venture capital arm of ING, deploying a €300m fund into early stage companies with strategic relevance to the bank. Based in Amsterdam, the firm invests in sectors such as fintech, regtech, proptech, and advanced analytics across more than 40 countries.
Portfolio
3
companies
AUM
£300M
under management
PRODA
PRODA offers a software platform that automates and standardises rent roll data for the real estate industry.
eXate
eXate builds a platform that simplifies how organisations access, share and regulate data securely.
TransFICC
TransFICC supplies low-latency connectivity and workflow services for fixed income and derivatives markets.
Frederic Hofmann
Managing Director
Frederic brings fintech and financial infrastructure investment experience from his roles at ING Ventures and A+ Ventures. He previously served as a board member and observer across several technology companies.
Annerie Vreugdenhil
Chief Innovation Officer
Annerie brings extensive banking and innovation experience from senior roles at ING, alongside board positions at komgo and R3. She currently serves as Chief Commercial Officer for Personal and Business Banking and a member of the Executive Board at ABN AMRO Bank NV.
ING Ventures and Surplus Invest have backed rent roll data platform PRODA in a funding round totalling roughly £3.4m.
"Our investment in PRODA, is evidence of our commitment to deliver best in class services across ING. By leveraging the technology of PRODA, ING can help to significantly reduce the administrative burden that rent roll management is for many clients. In addition, PRODA’s technology lets us realise efficiencies in our reporting towards regulators."
The seed round was led by Outward with participation from ING Ventures and Triple Point Ventures.
"The key to delivering the best value for clients is to fully integrate data, security and operations in a single application through DataSecOps. This investment from leading venture capital firms, including one of our major banking clients, is a validation of what eXate has achieved to date and provides a solid foundation to bring the value of DataSecOps to a larger audience of data-driven organisations."
AlbionVC led the Series A round with participation from ING Ventures and HSBC.
"Banks and asset managers are demanding technology solutions which deliver automation and increased efficiency, but they also want a modern and flexible modular design"
