The Germany-based fund was launched last month with a brief to invest in the most promising fin-tech companies atearly stage before contributing follow-on funding as its portfolio companies grow.

CommerzVentures, the new corporate venturing subsidiary of financial services provider Commerzbank, will aim to invest at the series A to series C stage as it targets startups in Europe and the US, according to managing director Patrick Meisberger.

The Germany-based fund was launched last month with a brief to invest in the most promising fin-tech companies at early stage before contributing follow-on funding as its portfolio companies grow.

“Initially, we are looking to invest in fin-tech…