Tech

Tinder co-founder among backers of new $40m Web Summit funds

Some founders of Twitter, N26 and Checkout.com have also invested in Paddy Cosgrave’s venture capital operation which will be split into two separate arms

Paddy Cosgrave, chief executive of Web Summit: new $40 million venture capital vehicle. Picture: Getty

Sean Rad, co-founder of the popular dating app Tinder, and Taavet Hinrikus, who co-founded the fintech company Wise, are among the angel investors who are backing Web Summit's new $40 million venture capital vehicle, the Business Post understands.

Other investors in the vehicle, which will be split into two separate $20 million funds, include some of the founders of Twitter, N26 and Checkout.com. Jon Soberg, managing partner of MS&AD Ventures, a corporate venture capital firm, ...