Aztec Group to provide administrative services for new tech start-up fund
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Aztec Group to provide administrative services for new tech start-up fund 19 May 2020Luxembourg Reporter: Maddie Saghir
Image: SergioKotrikadze/Shutterstock
Aztec Group, an independent fund and corporate services provider, has supported the set-up and launch of the Future Industry Ventures (FIV) fund, which marks a joint venture between Berlin-based Redstone, a venture capital firm, and the Tokyo-based financial services company SBI.
Redstone and SBI are raising €200 million for a fund that will invest up to €10 million for start-ups in their later growth phases.
Aztec Group said it will continue to provide a range of administration and governance services from its Luxembourg office.
The FIV fund focuses primarily on European investment opportunities in Industry 4.0; a term used in reference to the digital transformation of manufacturing and production.
Ganash Lokanathen, director and head of private equity in Luxembourg at Aztec Group, said: “We’re delighted to be given the opportunity to draw on our extensive experience in the tech and start-up space to help play a part in building and ensuring the ongoing success of the FIV fund’s operations.”
“Industry 4.0 will transform our working environments and this fund will aim to provide a springboard for many of the innovations that will shape our future. Congratulations to Redstone and SBI on their exciting joint venture and we look forward to developing our partnership further,” Lokanathen added.
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Image: SergioKotrikadze/Shutterstock 