BlackFin Capital Partners Fund IV

France
Series A
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About BlackFin Capital Partners Fund IV

BlackFin Capital Partners Fund IV is a venture capital firm based in France, focusing on Series A stage investments. The fund actively supports founders building innovative solutions in SaaS, providing strategic guidance and capital to help startups scale.

Investment Focus

Location / RegionFrance
Funding StageSeries A
Industry Focus
Saas

Investor Signals Profile

active

Sweet Spot

DACH asset-light FinTech/carveout with PMF, blue-chip clients

financial services
DACH region
carve-outs
fund administration
ManCo
FinTech
InsurTech
RegTech
asset-light businesses
brokerage
payments
financial software

Bullish Signals

3rd DACH carveout from global bankexternal
Acquired INKA from HSBC — blue-chip dealexternal
Large team active on INKA deallinkedin
High LinkedIn engagement: 815 reactionslinkedin
Confirmed DACH commitment via INKA acquisitionlinkedin
+€4B aggregate commitments across PE/VC fundsexternal
50+ investment professionals, 5 European officesexternal
Dual-fund strategy: buyout + FinTech ventureexternal
Fully independent, partner-led since 2009external
Global LP base: Europe, Americas, Asiaexternal

Contrarian Signals

Carveout-only, narrow deal typeexternal
DACH-concentrated geographic riskexternal
VC focus limited to proven product-market fitexternal

Founder Do's

Operate in financial services or fintech
Target DACH market strongly
Consider carveout opportunities from large FIs
Bring blue-chip client base
Fund admin or ManCo angle a strong fit
B2B FinTech/InsurTech/RegTech with product-market fit
Asset-light business models preferred
Brokerage, payments, or financial software focus

Founder Don'ts

Avoid if outside financial services
Don't pitch non-DACH focus
Avoid early-stage with no institutional clients

Key GPs & Partners

EM
Eric May
Partner
deal-drivenDACH-focused
KF
Kai Wilhelm Franzmeyer
Partner
deal-drivenfinancial services
SL
Sonja Lilienthal
Partner
financial servicesDACH-focused
AK
Andrea Kaletzke
Partner
deal-driven
TE
Thilo Ellerich
Partner
deal-driven
LV
Louis de Vulpian
Partner
deal-driven
DL
Damien Lestang
Partner
financial servicesdeal-driven
SD
Sigrid Duhamel
Partner
financial servicesdeal-driven
AL
Arnaud Llinas
Partner
financial services
JB
Jerome Barraquand
Partner
financial services

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Fund Overview

Fund Size€1.8B
Saves0

Key People

Laurent Bouyoux

Eric MayPartner
Kai Wilhelm FranzmeyerPartner
Sonja LilienthalPartner
Andrea KaletzkePartner
Thilo EllerichPartner
Louis de VulpianPartner
Damien LestangPartner
Sigrid DuhamelPartner
Arnaud LlinasPartner
Jerome BarraquandPartner

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