LocalGlobe

At Phoenix Court, we've long been champions of King's Cross and Somers Town, the heart of New Palo Alto. It's gratifying to see The Economist recognise this area's transformative potential. King’s Cross's remarkable journey from industrial wasteland to science and innovation super hub is a testament to the power of innovation and investment. With world-class universities, cutting-edge AI research, and genuine partnership between private and public sector, this area offers a unique blend of opportunities. While King's Cross has experienced a spectacular renewal, it’s vital to ensure that the benefits of innovation and economic growth are shared across the community including in nearby Somers Town where Phoenix Court is based.  We believe that Somers Town, together with King’s Cross, can be a model for place-based innovation and progressive economic development, helping people to reach their full potential. Cc Rachel Johnson, Saul Klein, Duncan Robinson, Stian Westlake https://lnkd.in/eSWKSzqu

We’re excited to have co-led Keel's seed round! Keel is tackling the huge gap between costly ERPs and limited no-code solutions with a programmable operations platform, that empowers businesses to own their operational software 💡 Keel is built by operators, for operators - the founders' self-built tools enabled them to scale Europe's fastest-growing online pharmacy Echo. And it provides the flexibility of custom software without the cost and complexity of building from scratch, which integrates with your existing tools and easily adapts to changing needs. Congratulations to Benoit Machefer, Tom Frew, Jon Bretman, and the entire team on building a solution to accelerate the next generation of tech-enabled businesses! cc Mish Mashkautsan

“Europe’s fintech sector is back in full force” Our General Partner Remus Brett, was featured in EU-Startups discussing the resurgence of European fintech, according to new data from Dealroom.co Here's why we're excited: ➡️ Fintech funding jumped 45% year-over-year in Q3 2024, hitting $1.6 billion. This signals renewed confidence in the sector's potential. ➡️ We're seeing more ‘thoroughbred’ fintechs, companies exceeding $100 million in annual revenue, demonstrating the sector's ability to scale and create significant value. Thanks to Stefano De Marzo for a great write up. Read the full piece here: https://lnkd.in/ey2Gxz49 #fintech #europeanfintech #venturecapital #AI #innovation

Our General Partner, George Henry, had a great time catching up with Calin Fabri for a wide ranging conversation on the Venture Europe podcast. Learnings and insights that George shared from his experience as an early stage investor include: ➕ His thought process behind the formula that combines hero founders + great products + macro trends. 🦄 The underlying factors contributing to LocalGlobe’s success as the most successful European investor in unicorns at seed stage   🏔️ An exploration of why B2B marketplaces present a greater challenge to crack compared to consumer marketplaces. And so much more! You can listen to George and Calin on the links below.  We’d love to hear your thoughts! Spotify: https://lnkd.in/ehbqaNYV Apple: https://lnkd.in/erw_AAav

On Wednesday, 6th November, we are hosting an exclusive Fintech Showcase, putting the spotlight on the brilliant fintechs in our portfolio. With annual revenues in many cases of over $100m, they’re on the way to becoming category leaders - both in their home markets and beyond. Agenda: Crossing the Atlantic • Host: Nicky Goulimis - Co-founder Tunic Pay & Co-founder Nova Credit • Arik Shtilman - Founder & CEO, Rapyd • Frank Freund - Founder & CFO, Raisin • Chris Hamblin- Head of Growth, Cleo Partnering and competing with incumbents • Host: Sandra Friis - Adyen - Vice President Sales, Adyen • Mayur Patel - President, M-KOPA • Dr. Oliver Prill - CEO, Tide Colliding with the public markets - how are fintechs misunderstood (and underappreciated?) today • Host: Julian Rowe - Partner, Latitude  • Josh Yablon - Equity Analyst, Wellington Management Dancing between the feet of elephants - where can you start a venture scale fintech today? • Host: Tamara Harel-Cohen - Co-founder, RiseUp • Ladi Delano - Co-founder & CEO, Moove • Peter Briffett and Portman Wills - Co-founders of Wagestream • Samir Desai CBE - Founder & CEO, Super Payments, Founder, Funding Circle UK There are a few places still open which we invite our network to apply for here: https://lnkd.in/efPjbuBN

"Many scaleups, having emerged from a challenging funding market stronger than ever, are making a serious dent in incumbentsʼ market share.”  - Remus Brett, General Partner, LocalGlobe & Latitude  Great to see our General Partner Remus Brett, quoted in UKTN highlighting the UK fintech sector's strength 📈 Check out the full article for more insights: https://lnkd.in/eZBiK_9e #UKFintech #FintechInnovation #VentureCapital #LocalGlobe

For 20 years we’ve recognised the huge talent of founders right across Europe building companies with the potential to be global tech champions, through our funds LocalGlobe, Latitude, Solar and Basecamp. That is why we are fully supportive of The EU Inc Petition to create a single pan-European startup entity. It is a much-needed initiative that will remove the red tape and constraints that are currently preventing founders from  scaling faster and fulfilling their true potential. Join the thousands that have already signed the petition and send a powerful message to the new EU commissioners who will start work on their new agendas on the 1st of December, 2024.

Our co-founder Saul Klein's op-ed in WIRED today highlights the huge potential of Europe's tech and innovation economy to build the companies that can be Europe’s future champions 🏆 Here at Phoenix Court, we've been investing in waves of innovation for more than two decades. It’s the next 20 years when it gets really interesting 📈 Key takeaways: ➡️ Move over Unicorns, Thoroughbreds are here: Europe is home to 507 "Thoroughbreds" – companies generating over $100M+ in annual revenue, building sustainable success ➡️ New Palo Alto is at the heart of this opportunity: A cluster of interconnected cities, including Amsterdam, and Paris, all within five hours of London producing EMEA’s most exciting companies  ➡️ The scale-up capital gap: Despite strong early-stage investment, European startups face a $30B funding shortfall to scale their businesses effectively ➡️ Government support: The UK and France are leading the way but no innovation ever became great because of policy alone There is an opportunity to build an alternative model of innovation here in New Palo Alto at the heart of Europe - one that is sustainable and shares the benefits of innovation more equally. Read more here: https://lnkd.in/gxikXCnV With thanks to Greg Williams and Amit Katwala at WIRED for the opportunity and to Yoram Wijngaarde and Dealroom.co for the data!

How can the UK be more attractive to listed companies? Our Partner Julian Rowe joined Marcus Stuttard, Kiran Nandra-Koehrer, JAMES TAYLOR and Laurence Fletcher for an FT Live discussion on the outlook for IPOs and public M&A activity. Watch on-demand via the link in the comments...

Congratulations to clock.bio on securing a $5.3 million seed round and welcome to the LocalGlobe family. clock.bio is a Cambridge-based biotech company working to extend healthspan by decoding the rejuvenation processes of human stem cells. We’re thrilled to lead this round with participation from BlueYard Capital, Onsight Ventures and Jonathan Milner #healthspan #biotech #longevity #aging #investment #seedfunding #clockbio Cc Ferdinando Sigona, Julia Hawkins