SUMMARY
- 8i Ventures partially exits M2P Fintech with a 36x ROI, selling one-third of its stake in April 2024.
- 8i Ventures invested in M2P Fintech in 2020, when the startup’s valuation was $10 million.
- M2P Fintech’s valuation reached $600 million by the time of exit.
8i Ventures, an early-stage venture capital firm, has announced a partial exit from M2P Fintech, securing a 36x return on investment (ROI). The VC firm initially sold one-third of its 4.8% stake in April 2024, when the fintech startup reached a valuation of $600 million.
The firm invested in M2P Fintech back in 2020 through its maiden fund (Fund I), at a time when the startup was valued at just $10 million. Fund I, which focuses on early-stage and growth-stage startups, typically invests with cheque sizes ranging from $300K to $1.3 million.
M2P Fintech’s impressive valuation growth highlights the firm’s strategic focus on investing in disruptive financial technologies that cater to evolving market demands.
