firstminute capital

firstminute capital

Venture Capital and Private Equity Principals

Strand, England 15,459 followers

$400m AUM seed fund backed by over 130 unicorn founders investing across Europe and the US.

About us

$400m AUM seed fund backed by over 130 unicorn founders investing across Europe and the US. Founded in 2017 by Brent Hoberman and Spencer Crawley.

Website
http://www.firstminute.capital
Industry
Venture Capital and Private Equity Principals
Company size
11-50 employees
Headquarters
Strand, England
Type
Partnership
Founded
2017

Locations

Employees at firstminute capital

Updates

  • 😍 $2.3 BILLION was raised by the firstminute portfolio in 2024! 😍 Yes, you read that right. And that's just one incredible achievement from our founders this year, all of whom we backed at pre-seed and seed. What else happened in 2024? Inspired by Spotify wrapped, this is our year in review. 🎤 — 💸 This $2.3bn number was boosted by two mega rounds in the portfolio, one from the self-driving car business Wayve (which raised $1.05bn) and foundational model business Mistral AI (which raised $640m). Proud of them both! 💰 We also saw 6 Series B write ups (some just about to close) which raised a combined $188m. These are companies doing real $5m+ annual revenues, not hyped up deals. The revenue multiple on these deals was an average of 20x. ️🔥 In total we saw 25 follow on rounds across the portfolio, and we have partnered up with amazing funds like General CatalystBalderton Capital, CreandumSpark Capital, Hedosophia, MubadalaLightspeed, SoftBank Investment Advisers, NVIDIA, Microsoft, Uber, HV Capital, Seaya, Moonfire, Concept Ventures and Cathay Capital. 💪 We have also been working hard making new investments from our Fund III. We saw ~2,500 deals over the year and invested in 16 companies, deploying $29m in initial money. Fund III also saw 2 Series A rounds. 😇 Some of the angels we teamed up with are Cal HendersonOlivier Pomel , Christopher North, Jeremy Yap, Paul Graham, Husayn Kassai, Jon Reynolds, Mike Hudack, Steve FredetteNico Rosberg, Mehdi Ghissassi as well as scouts from Sequoia and A16Z. 😭 It was not all good news though. Seven of our portfolio founders from Fund I and Fund II had to wind up operations or seriously recap the company, representing 2.5% of the funds! We tried to help them with empathy and respect in a tough time. The VC landscape is evolving. Markets are shifting. But one thing remains constant: exceptional founders building transformative companies. Are you one of them? We're already looking at what 2025 might bring, and we'd love to hear your story. Drop a 🚀 in the comments if you're building something amazing! #VentureCapital #Startups #Innovation #Entrepreneurship #TechInvestment

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  • The magic that happens when you combine world-class tech with clinical trial expertise that’s actually moving the needle?: 💉 Lindus Health 💊 Huge congrats on the $55M Series B to revolutionise how clinical trials work. They aren’t just talking about faster trials - Michael, Meri, and team are scaling Citrus™ across NA and Europe because apparently, disrupting one continent wasn't ambitious enough. Proud to back this rocket ship alongside Balderton Capital! Lina Wenner Adriana Vitagliano Brent Hoberman Sam Endacott Spencer Crawley Lorcan Delaney #HealthTech #FutureOfTrials

    View organization page for Lindus Health, graphic

    10,088 followers

    We are beyond thrilled to announce our $55m Series B funding round, led by Balderton Capital, with support from Visionaries Club, Creandum, firstminute capital, and Seedcamp. This marks an important milestone in our mission to deliver radically faster, more reliable clinical trials, and help life science companies achieve their full potential. Thanks to the sponsors we work with, our investors, and our incredible team including advisors Bob Langer and Tim Garnett, we’re continuing to challenge the status quo in clinical trials. This new funding will help us invest further in our AI and eClinical platform, Citrus™ and expand our clinical operations footprint across North America and Europe. Read our full announcement: https://lnkd.in/eqqxwe99 #clinicaltrials #startup #cro #venturecapital #biotech #pharma

  • Check out the latest deep dive written by our star portfolio founder Mounir (launching soon 👀), who delves into the challenges of building reliant browser agents The shift to multi-modal AI could be game-changing for web automation, but the authentication process poses a real challenge here. We're particularly intrigued by the infrastructure gap - who will build the security standards and human-in-loop frameworks this ecosystem needs? 🤔 Lorcan Delaney Lina Wenner Emma Burrows Brent Hoberman Spencer Crawley

    View profile for Mounir Mouawad, graphic

    Loading...Stay tuned

    ChatGPT Operator is out—so what's next for browser agents? 🤔 I've been tinkering with browser automation recently (e.g., building a bot to search and buy on Amazon), and Operator’s release got me thinking about the future of these tools. Here are 3 key challenges browser agents face today: 1️⃣ Moving from text-only to multi-modal AI models. 2️⃣ Solving authentication without blending in with bad bots. 3️⃣ Enabling human-in-the-loop collaboration that's seamless and smart. Check out my deep dive where I unpack these challenges, share insights, and explore what’s next for browser agents. Would you trust browser agents with your day-to-day tasks? Let me know your thoughts! 👇

    ChatGPT Operator is out so what's next for browser agents?

    ChatGPT Operator is out so what's next for browser agents?

    Mounir Mouawad on LinkedIn

  • 🧵 1/3: Unpacking* the Enterprise Stablecoin Revolution We’re spotting something fascinating in our portfolio: multinationals are increasingly turning to stablecoins to solve a fundamental problem - moving money across borders. And our portfolio company Stitch, with their stablecoin unit CrissCross, found an elegant fix for companies struggling to move South African Rand into dollars/euros: convert to stablecoins for instant transfers. We’re far from being alone in seeing this potential. Stripe just placed a massive $1.1B bet by acquiring Bridge (who grew 10x in 2024). PayPal, Visa, and SWIFT are also jumping in. Stablecoins aren't about crypto trading anymore - they're solving real enterprise problems that traditional finance hasn't cracked: • Moving money across borders in seconds vs. days • Cutting transfer costs from $44 to under $1 • Automatic reconciliation for businesses Viva la revolución that is pragmatic innovation at work. *key insights from Michael's latest bullet thesis on the future of stablecoins: https://lnkd.in/e4Jx3eJ7 #fintech #stablecoins #venturecapital

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  • This is the year that we see enterprise adoption of stablecoins go mainstream. Excited about our companies Stitch, Mural Pay and Ramp Network on the bleeding edge of this trend. Read below for more from our investment team about the future of stablecoins 👇 💪

    View profile for Michael Stothard, graphic

    Principal at firstminute capital

    🚀 BULLET THESIS 🚀: 2025 will be the year enterprise embraces stablecoins. Just spoke to the founders of one of our portfolio companies Stitch. They're seeing EXPLOSIVE demand from large multinationals for stablecoin payments. Why? These multinationals faced a common problem in South Africa: without local entities or bank accounts, they struggled to move their earned Rand into dollars or euros. Stitch offered an elegant solution. Convert local currency into stablecoins (USDT, USDC) → Transfer instantly to central wallets → Save time & money. The result was instant, cheap, and automatically reconciled. This isn't just an isolated success story. It's a herald of enterprise adoption, and it signals something much larger on the horizon. 💡 Why is this happening NOW? 1) Infrastructure has matured dramatically - Ethereum fees down to $1 (was $12 in 2021) - Layer 2 solutions = sub-cent transactions - Better custody solutions - Streamlined on/off ramps 2) Regulation is clearing up - Europe's MiCA framework goes live - US moving forward with FIT 21 - Banks getting clarity on custody 3) Big players are moving FAST - Stripe dropped $1.1B to acquire Bridge (10x growth in 2024) - PayPal launched their stablecoin - Visa & SWIFT now support stablecoins - Revolut exploring launch 🔮 The next wave isn't retail - it's ENTERPRISE. We're seeing it first in emerging markets, but this is just the beginning. Opportunities I'm watching: - Cross-border trade finance 2.0 - Enterprise-grade custody - Industry-specific payment solutions - Compliance automation Are you building in this space? Let's talk. Liked this analysis? Follow me for more fintech insights! And also subscribe to my substack here: https://lnkd.in/eytvHCYe And read the piece here: https://lnkd.in/e4Jx3eJ7 #Fintech #Stablecoins #VC #Enterprise #Payments #Innovation PS: If you're building something in this space and raising pre-seed/seed, my DMs are open 📩

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  • Huge congrats to the Lupa team on their $4M seed round! 🐾🩺 We (and our four-legged interns) are proud to be part of the pack as they revolutionise veterinary care. Here’s to making vet visits a little less ruff. #VetTech #AI #FutureOfCare Nicolò Frisiani Matei Bjola Raul Lozano Martin

    View organization page for Lupa, graphic

    1,072 followers

    We are really excited to announce the closing of a $4M seed funding round, with participation from firstminute capital, 2100 Ventures, Vento by Exor Ventures, and a long list of amazing angels! The funds are already being put to good use increasing our commercial efforts, allowing us to expand and onboard more veterinary providers across the country. The entire Lupa team is thankful to our investors, partners and users for their continued support. We will continue to work hard to make the lives of veterinary professionals much simpler as they treat everyone's beloved pets! #Veterinary #VeterinaryCare #VeterinaryBusiness  #Fundraise #AI Nicolò Frisiani Raul Lozano Martin Matei Bjola

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  • Quiet on set! 📽️ or on "head" in this case... Our portfolio company Storyblok just launched Storyblok Labs, a headless CMS for marketers and developers to get early access to the latest content management innovations that will help them stay ahead of market trends and outperform competitor The three features (for now): 💡 Ideation Room - a collaborative workspace where your team can streamline the creation and optimization of content with the help of AI 💬 AI Translations - use AI for its basics and cut down on repetitive labour - translate entire pages or individual text fields with just one click 🩻 Concept Room (Preview) - the bones & all collaborative space where you can visually design the structure of your project Slate in the joy back to content management! Brent Hoberman Spencer Crawley Lina Wenner Sam Endacott Adriana Vitagliano Lorcan Delaney Michael Stothard HV Capital Brighton Park Capital Mubadala Capital 3VC

    Storyblok Labs | Storyblok

    Storyblok Labs | Storyblok

    storyblok.com

  • Check out our latest thesis from the firstminute investment team - this time on the $13 trillion opportunity in AI procurement software. 💪 💪 💪 💪

    View profile for Michael Stothard, graphic

    Principal at firstminute capital

    🤯 $13 trillion. That's how much governments worldwide spend annually on procurement. That’s 13 thousand billion dollars that are up for grabs every year from the government. In the EU alone, over 250k public institutions oversee around $2 trillion annually across millions of contracts for goods, services and public works. But here's the shocking part, and where we at firstminute capital have a thesis and see an opportunity: Companies are still spending WEEKS manually parsing hundreds of pages of dense RFP documents, coordinating with suppliers, and preparing bids. Thanks to AI, the game is about to change. 🎯 We're seeing a new wave of AI-native startups transforming this space: - Stotles: $6.5m led by Headline (Jun ‘22) - Govly: $9.5m led by Insight Partners (Nov ‘23) - GovDash: $10m led by Northzone (Apr’24) - TENGO: €3m led by Point Nine (Jun ‘24) - Odo: $500k led by YC (Jun ‘24) - Sweetspot (YC S23): $2.2m led by 1984 Ventures (Aug ‘24) 🔥 The real opportunity though? 1) It's not just about winning bids. The companies that will dominate this space are building the operating systems for the entire supply chain: - Automating bid discovery and writing - Managing supplier relationships - Ensuring regulatory compliance - Delivering real-time cost insights 2) There are hundreds of vertical companies to be built. We are excited about companies like Scalera in construction, but there is more to do in defence, health and other verticals. 💡 Key insight: When government spending meets AI automation, we're not talking about incremental improvements. We're talking about turning weeks of work into hours. Who else is excited about the future of procurement tech? 🚀 Read the full article here: https://lnkd.in/eWK2iucU And if you want more thesis from the early stage of venture, subscribe to Venture Thesis: https://lnkd.in/eg69h6NQ #AI #Procurement #StartUps #Innovation #GovTech #SupplyChain Lorcan Delaney Sam Endacott Adriana Vitagliano

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  • Joining Tommy Stadlen in congrulating Hayden Wood on his round. Beams is off to the races! ://https://lnkd.in/ez8AcN9r

    View profile for Tommy Stadlen, graphic

    Giant Ventures Co-Founder | Backing Purpose-Driven Entrepreneurs

    Today we're celebrating a $9M funding round for Beams to make home renovation simpler and greener. We co-founded this company with a champion CEO - and Giant Ventures venture partner - Hayden Wood. The renovation market is full of outdated and frustrating processes. Beams has developed software that simplifies the entire renovation process. Homeowners get advanced planning tools that predict costs and timelines accurately, using data from over 6,000 projects. The platform also offers personalised interior design services, AI-powered tools, and 3D virtual tours. Beams connects homeowners with trusted contractors, who are motivated to deliver quality work through the promise of repeat business. There are 28 million homes in the UK, and 70% have poor energy ratings. Beams offers free Home Energy Assessments, helping homeowners make greener upgrades to lower energy bills and reduce carbon emissions. Customers have already seen a 12% drop in annual energy costs. Hayden is building an incredible culture of excellence at Beams. I cannot recommend it highly enough as a place to learn and improve. Drop me a line if you'd like to discuss joining the team. Congrats Hayden, Minesh Shah and team - so well deserved. Cameron McLain, Spencer Crawley, Lucy Rands

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  • Proud to be working alongside you team Volume 🙌🙌

    View profile for Simone Martinelli, graphic

    Co-founder & CEO at Volume

    BIG NEWS AT VOLUME! 🚀 We raised $6 million to drive internet payment fees to zero and reshape how businesses and consumers pay and get paid! I’m incredibly proud of the Volume team for the dedication and innovation that made this milestone possible. Raising funds is not just about capital. It’s a testament to the hard work, resilience, and belief in our mission to transform payments with account-to-account (A2A) technology. A huge thank you to our investors. United Ventures, Fabrick, firstminute capital , Seed X Liechtenstein AG and Haatch for their trust and support. Your confidence in our vision drives us to push the boundaries even further💪 At Volume, our goal is to kill the hidden payment fees of the internet to empower businesses of all sizes, and deliver seamless, transparent payment experiences for consumers. With over $126 million in annualized GMV processed in under eight months, we’ve shown that pay-by-bank is not just a nice thought, it’s a reality. And we’re scaling it rapidly! Looking ahead, we’re focused on expanding across the UK and Europe, launching new products for cross-border businesses, and scaling our team as we work to become the new standard for global payments. To read more, head over to TechCrunch (link to the article in the comments). Special thanks go out to Mike Butcher for breaking the news. Still lots of more exciting things ahead, so stay tuned!

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