European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French fintech startup Swan.
Swan raised the funds in a series B investment led by European venture capital giant Lakestar.
Accel, another venture capital firm, previously led Swan's series A round in 2021.
"What we had in mind with our co-founders was that it shouldn't be that complex," he told CNBC.
Georgia Watson, a principal at Lakestar based in the firm's London office, said the firm had been tracking Swan "for about a year."
Persons:
Swan, Nicolas Benady, Benady, Georgia Watson, Watson, Goldman Sachs
Organizations:
Accel, Swan, CNBC, ABN Amro, ING Group
Locations:
French, Netherlands, London