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ING Groep N.V.
ING Groep N.V. traces its roots to 1991 through the merger of Nationale-Nederlanden and NMB Postbank Group, establishing its headquarters in Amsterdam.
ING Groep N.V.
ING Groep N.V. traces its roots to 1991 through the merger of Nationale-Nederlanden and NMB Postbank Group, establishing its headquarters in Amsterdam. The bank built its corporate venture unit, ING Ventures, as a distinct but integrated vehicle that deploys capital from a dedicated €300 million fund alongside balance-sheet co-investments across Europe, North America, and Asia. The unit focuses on fintech and adjacent enterprise software companies where commercial partnership with ING's wholesale banking and retail franchises can accelerate both the startup's growth and the bank's technology roadmap. ING Ventures targets early-stage through growth equity, typically writing checks between €1 million and €15 million across seed, Series A, and later rounds. The portfolio concentrates on fintech infrastructure, regtech, lending platforms, payments, capital markets technology, and cybersecurity. Confirmed positions include the trade finance platform Komgo, the lending-as-a-service provider Mambu, and the SME financing platform Funding Options. The group also participates in follow-on rounds and selectively leads deals, often syndicating alongside other corporate venture arms and traditional VCs. With a team operating primarily from Amsterdam and London, ING Ventures sits alongside the bank's broader innovation functions, including ING Labs and a strategic partnerships group. The unit has participated in over 300 deals since inception, deploying more than €600 million in cumulative capital, according to the firm's own disclosures. The venture arm does not disclose a separate AUM figure, nor does it operate as an external fund manager — capital remains on ING's balance sheet, making its deployment cycles subject to the bank's capital planning and regulatory constraints rather than limited-partner fundraising cycles. What distinguishes ING Ventures structurally is its dual mandate: it must deliver venture-scale returns while functioning as a strategic sensor and innovation partner for a global bank with over €900 billion in assets. This hybrid posture means portfolio companies often integrate with ING's wholesale banking operations before they reach commercial maturity, a model that resembles a corporate development function more than a traditional venture capital firm.
General information
Firm type
Bank / Wealth / Trust
Year founded
1991
AUM
Undisclosed
Location
Region
Europe
Country
Netherlands
City
Amsterdam
Corporate office
Amsterdam, North Holland, Netherlands
Frequently asked questions
What is ING Ventures and how does it fit within ING Groep N.V.?
ING Ventures is the corporate venture capital arm of ING Groep N.V., established to invest in fintech and adjacent technology companies. It operates as an integrated unit within the bank rather than a separate fund, deploying capital from ING's balance sheet alongside a dedicated €300 million allocation. The team serves a dual purpose: generating financial returns and identifying technologies that can be adopted across ING's retail and wholesale banking divisions.
Does ING Ventures invest from a dedicated fund or from the bank's balance sheet?
ING Ventures invests from a dedicated corporate venture fund of approximately €300 million, with additional co-investment capacity drawn directly from ING's balance sheet. This structure means investment decisions must align with the bank's strategic priorities and capital planning processes, unlike independent venture firms that draw down committed limited-partner capital on fixed schedules.
What investment stages and check sizes does ING Ventures target?
The unit invests across seed, Series A, and growth stages, typically writing initial checks between €1 million and €15 million. ING Ventures participates in follow-on rounds and occasionally leads deals, with a strong preference for companies where ING can serve as a commercial partner or distribution channel.
How does ING Ventures source deals, and does it co-invest with other VCs?
Deal flow originates through ING's global banking relationships, its innovation labs, and syndication networks with other corporate venture arms and traditional VC firms. ING Ventures frequently co-invests alongside financial-sector corporate VCs such as Goldman Sachs Growth Equity and Barclays, as well as independent funds, particularly in later-stage rounds where commercial validation is clearer.
Does ING Ventures have geographic or sector restrictions?
The team invests across Europe, North America, and Asia, with a mandate concentrated on fintech, regtech, lending platforms, payments, capital markets technology, and cybersecurity. ING Ventures does not invest in industries misaligned with the bank's core competencies, such as deep tech, biotech, or hardware, unless there is a direct financial-services application.
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