Santander-Backed Mouro Capital Closes $400M Fund for AI and Blockchain Startups

by

Mouro closes $400M fund as Santander backs AI and blockchain bets

Mouro Capital, backed by Santander, has raised $400 million for its third investment fund. The fund will focus on early-stage companies that combine artificial intelligence, blockchain technology, and financial services like capital markets and wealth management.

Summary

  • Mouro Capital said its third fund closed at $400 million, taking total capital commitments since launch to more than $1 billion.
  • Longtime backer Santander participated in the fund and remains central to the firm’s investment platform.
  • Mouro’s focus includes AI-enabled finance, programmable money and blockchain infrastructure, including prior backing for M^ZERO.

Mouro Capital has successfully raised $400 million for its latest fund. The fund will focus on innovative companies at the intersection of artificial intelligence, blockchain technology, and the future of finance – specifically how software and automation are reshaping traditional financial systems, including areas like investing and wealth management.

Thanks to another investment from Santander, Mouro has now committed over $1 billion to companies since it was founded in 2015. According to Vestbee, the London-based firm will continue to focus on businesses innovating in areas like payments, loans, insurance, regulatory compliance, and the foundations of banking.

This investment strategy isn’t just about far-off possibilities. Tech Funding News reports that Mouro has already invested in seven companies with the new fund, like ElevenLabs and Sakana AI. They’re currently concentrating on areas like AI-powered interfaces, stablecoins, and decentralized finance, believing these will be essential for the future of financial services.

AI and blockchain converge

Blockchain technology is a genuine focus for Mouro, not just a superficial addition. Their investment portfolio includes M^ZERO, which they describe as a system for easily and securely transferring value using decentralized stablecoins. This shows they’re still interested in supporting the underlying technology of crypto, not just AI-powered financial apps.

This is important because investors are increasingly favoring companies that bridge traditional finance with new, self-operating software. Pathfounders noted that Mouro is particularly interested in areas like regulatory compliance, financial markets, wealth management, payment systems, and digital currencies (stablecoins), indicating they believe the future of finance will rely heavily on both artificial intelligence and blockchain technology.

The reasoning is simple: as artificial intelligence starts handling tasks like financial transactions, regulatory checks, and providing advice, the underlying systems that move money and confirm identities need to be adaptable and programmable as well. Mouro believes AI will modernize how we interact with finance, while blockchain and stablecoins will rebuild the foundational processes of settling transactions, safeguarding assets, and transferring funds.

Capital keeps moving into the theme

Even though some of the figures previously mentioned weren’t quite right, the overall trend in funding still holds true. For example, Catena Labs recently announced it raised $18 million (led by a16z crypto) – not $30 million as previously stated – to create what they describe as the first financial institution built entirely around AI and operating with full regulatory compliance.

Accel announced it invested $75 million in Viktor’s Series A funding round. Viktor is an “AI coworker” that works directly within platforms like Slack and Microsoft Teams, and the company has already achieved a $15 million annual recurring revenue within its first 10 weeks.

Considering the current environment, Mouro’s new investment fund isn’t just a typical deal. It signals a strong belief that the most successful fintech companies will emerge where artificial intelligence, digital asset technology, and traditional financial services come together.

Read More

2026-05-20 16:35