Fund profile / France

BlackFin Capital Partners Fund IV

Geography: France
Stage: Series A
Fund size: €1.8B
Focus: SaaS
Signals: Published

N°01 / About

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.

N°02 / Thesis

Investment Focus

Location / RegionFrance

Funding StageSeries A

Industry Focus

SaaS

Investor Signals Profile

active

Sweet Spot

B2B FinTech/InsurTech/RegTech PMF, European category leader

financial services

DACH region

carve-outs

FinTech

asset-light

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

26,712 LinkedIn followers, strong institutional visibilitylinkedin

Paris HQ, Brussels/Amsterdam/Frankfurt/London offices confirmedexternal

ESG integrated into investment processesexternal

BlackFin Tech focuses early-stage B2B FinTechexternal

Buyout targets asset-light, institutional focusexternal

Contrarian Signals

Carveout-only, narrow deal typeexternal

DACH-concentrated geographic riskexternal

VC focus limited to proven product-market fitexternal

Founder Do's

B2B FinTech/InsurTech/RegTech with product-market fit

Target DACH + Europe expansion potential

Asset-light business model preferred

Institutional client traction required

International category leader potential

Founder Don'ts

Early-stage without proven product-market fit

Non-financial services verticals

Avoid heavy asset models

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Facts

Fund Overview

Fund Size€1.8B

Saves0

Website

People

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

Backers

Known LPs

KfW CapitalPublic / State institution

N°04 / See also

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