Rothschild vehicle to invest up to £125m in financial technology firms

An investment vehicle backed by Jacob Rothschild plans to plough up to £125million into financial technology firms.

Augmentum Capital, which was set up by entrepreneur Tim Levene, a former executive at online gambling firm Betfair and son of City grandee Lord Levene, will raise the money through a stock market listing in London.

A maximum of 125m shares in a newly created investment company called Augmentum Fintech will be sold to investors for £1 each.

Investment trust RIT Capital Partners, which is chaired by Lord Rothschild, 81, will pump in £10million while Augmentum management, including Levene, 44, will provide £2.7million.

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Rahil Patel

Rahil is an Analyst at Augmentum. He joined the fund full-time following a Summer internship in 2018.

Prior to Augmentum, Rahil studied Geography at Durham University and has previously worked with Mayfair Insurance Company and Sipsmith Gin.

When he is not curating the office Alexa playlist, Rahil tries to keep up with his passion for DJing that began at university.

Learn more about Rahil in this blog post.

Georgie Hazell

Georgie heads up engagement at Augmentum, which involves supporting portfolio companies, engaging with investors and the wider fintech ecosystem (including marketing and events), and supporting the team internally.

Georgie has worked in a number of startups across people, strategy and growth leadership positions. Following her MBA and a consultancy project with Crowdcube, Georgie moved into venture capital.

Passionate about diversity and inclusion, particularly in VC and entrepreneurship, Georgie founded women in tech network Elevate, led on UK expansion for Her Campus Media, volunteers with Diversity VC and mentored with The Girls Network.