
MiddleGame Ventures
9 rue du Laboratoire 1911, Luxembourg, L-1911
Overview
Middlegame Ventures is a fintech venture capital firm investing in early-stage growth businesses focused on Financial Innovation. The firm is seeking great entrepreneurial teams who are focusing on rearchitecting financial services infrastructure.
- Total investments
- 27
- Lead investments
- 14
- Investments · 12mo
- 5
- Active investors
- 7
Sector focus
- Asset Management
- Banking
- Blockchain
- Financial Services
- FinTech
- InsurTech
- Payments
Investment portfolio
- Theia Insights
Led · Series A · Mar 2026
Theia Insights develops a proprietary AI-driven platform that processes corporate data such as regulatory filings, earnings transcripts, and financial disclosures to create a continuously updated, multidimensional view of company activity. Rather than assigning single industry labels, the platform represents companies by evolving exposures across multiple sectors and themes. Its product suite includes dynamic industry classification, thematic analysis, and tools to translate investment ideas into data-driven company universes. Theia’s technology is used by global index providers, asset managers, hedge funds, and banks for research, portfolio construction, and trading workflows. The company plans to expand its platform into new asset classes beginning with private markets and to grow its research, engineering, and global commercial teams. Theia was founded by Dr. Ye Tian, Isami Ito, and Dr. James Thorne and is based in Cambridge.
- Kayna
Participated · Seed · Mar 2026
Kayna, founded in 2021 by CEO Paul Prendergast and CTO Peter Bermingham, has built an infrastructure layer that allows vertical SaaS platforms serving small businesses—such as restaurants, franchise networks, construction firms, and field-service operators—to embed insurance offerings directly into their workflows. The company simplifies distribution for insurers and unlocks ancillary revenue for software vendors by integrating underwriting, policy issuance, and claims into existing software stacks. During its pre-seed phase (2023–2025) Kayna partnered with global broker Willis Towers Watson and launched live embedded insurance programs in the UK and US across cyber, equine, and security verticals, including a February 2026 launch with Belfry for the physical-security industry. It also rolled out an AI toolkit that automates insurance-policy analysis. Headquartered in Cork’s Penrose Wharf, Kayna has committed to creating 13 new roles and has already made senior hires in Ireland and the United States. The company’s near-term focus is expanding commercial operations in the UK and US markets, funded by its new seed capital. No revenue or user figures were disclosed in the article.
- Circit
Participated · Equity · Feb 2026
Founded in 2017, Circit offers an API-driven platform that supplies auditors with independent, real-time audit evidence by linking them to banks, funds service providers, law firms and corporates. The software digitises audit confirmations, provides permissioned access to bank-verified transaction data and delivers an AI-enabled, end-to-end workflow that feeds evidence straight into the audit file. More than 400 audit firms—including all Top 20 global networks—now use Circit, and its verification network spans over 30,000 banks and other evidence providers. In the past year alone, the platform confirmed assets and liabilities for 150,000 corporate entities and independently verified more than 100 million transactions. Circit is regulated as an Account Information Service Provider in Ireland, the UK, the EU and Australia. With growing demand for AI-driven, continuous audit data, the company plans to deepen bank API connectivity, embed additional AI-powered workflows and double its team while pushing into the U.S. market. The newly raised $22 million growth equity round will fund these product and go-to-market initiatives.
- Paygentic
Led · Seed · Oct 2025
Paygentic builds infrastructure that converts agent activity—such as prompts, outcomes, and usage events—into revenue, unifying billing, payments, and pricing in a single stack. The product is designed specifically for AI-native firms whose compute costs fluctuate, allowing them to capture upside without bearing excessive downside risk. By supporting subscription, usage-based, and outcome-based models, the platform helps customers align revenue with actual consumption and results. Founded earlier this year by Susan O’Neill and Samuel Alarco Cantos, the company has been operating in stealth with a handful of early adopters. Paygentic emphasizes rapid deployment and scalability so that customers can quickly bring new agentic products to market. With fresh capital, the team plans to deepen its agentic billing capabilities and reinforce its payments infrastructure. The immediate roadmap includes hiring across key functions and accelerating product development to accommodate a growing customer base.
- Musicinfra
Led · Equity · Sep 2025
MusicInfra positions itself as a rights-data focused clearinghouse aiming to clean up the music industry’s persistent metadata and ownership headaches. The company builds technology that reconciles, verifies and distributes accurate rights information so songwriters, publishers and other rightsholders are correctly credited and paid. Its leadership team includes industry veterans such as Hipgnosis co-founder Björn Lindvall and former YouTube publishing engineering head Greg Quillard, and it has just hired former Spotify executive Jules Parker as chief business officer. The firm is headquartered in New York and also counts alumni from YouTube, Meta, Gracenote and Google among its staff. While no operating metrics or revenue figures were disclosed, the company’s latest capital injection will be used to expand its product and partnerships. MusicInfra ultimately hopes to become the backbone infrastructure for accurate rights data across the global music ecosystem.