Phoenix Court

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

“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

11 Phoenix Court fintech portfolio generating over $100m in revenue - come join them and some of the others aiming to be there in the future - who says fintech is yesterday’s news :)

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!

Great op-ed by Saul Klein in WIRED titled: "Europe’s Innovation Ecosystem Can Make It the New Palo Alto" 🦄 Unicorns & 🐎 Thoroughbreds: While unicorns are rare $1B+ startups, Europe has 507 "Thoroughbreds" generating $100M+ annually. 🌍 New Palo Alto: A tech cluster of cities within five hours of London, like Amsterdam and Paris, is rivaling Silicon Valley. 🏢 Key Companies: Major players include Booking, ASML, Monzo, and Raspberry Pi. 💰 Funding Gap: European startups face a $30B shortfall in scale-up funding despite strong early-stage investments. 🇬🇧🇫🇷 Government Support: The UK and France are boosting tech innovation with progressive policies and more institutional investment. ⚖️ Social Inequality: Areas like Somers Town in London still struggle with inequality despite the tech boom. 🌱 Sustainable Growth: Europe is focusing on building transparent, socially responsible tech companies.

Great to see Plumerai making waves in the smart home industry! We're thrilled to have been part of their journey from the start, alongside Tony Fadell and Hermann Hauser. Plumerai's on-device AI solution is a game-changer, offering unparalleled privacy, accuracy, and affordability. It's fantastic to see their partnership with Chamberlain Group come to fruition. This collaboration will bring advanced AI capabilities to millions of homes, making smart home security more accessible and reliable than ever before. Congratulations to Roeland Nusselder and the entire team! cc Mish Mashkautsan

There’s a significant, and potentially decisive shift taking place in healthcare today: 2nd gen founders are pivoting into the sector. Spotify’s Daniel Ek  ↪️ Neko Health Meatable’s Mark Kotter ↪️ bit.bio Milltown Partners's D-J Collins ↪️ Early Divide™'s Alex Trewby ↪️  Apian It’s a trend we’re familiar with, as long-term investors in healthcare investing in companies including Accurx and Hertility through LocalGlobe, at seed stage and Latitude, at breakout and Series B stage. Dealroom.co data shows other investors are seeing the potential too. Since 2010, funding for these new ventures has averaged $53 million. Our Julia Hawkins joined a panel at today’s #SiftedSummit with Mark Kotter, Benedikt von Thüngen and Kai Nicol-Schwarz to discuss this trend. Here are the key takeaways: 💻 The current state of healthcare mirrors the PC boom of the 70s, where founders took computing from institutions into homes – healthtech is experiencing similar consumerisation 🫂 We have a generation of founders making it easier for patients to access care and for clinicians to deliver it. 📋 They bring key team-building skills, product insights, and scaling methods to fuel innovation  🏥 Building a multidisciplinary team with low-ego leadership is critical for success in healthcare, and introspection is key to identifying where founders excel, and where they need support 🤯 Yet, the complex healthcare system, especially in the UK, can be difficult for founders to crack which runs the risk of deterring future founders bringing their expertise to the market Until we are no longer detecting 50% of cancer in A&E there are huge problems to fix in healthcare. We need the most ambitious founders – second-generation or otherwise – to come and build here. Within healthcare, the ability to ask great questions and get great answers is a superpower of founders and it will take a concerted effort to create the environment for them to flourish. In ten years, we will look back and say it's crazy that we used to wait so long to see a clinician.

Phoenix Court, home to LocalGlobe, Latitude, Solar, Basecamp, and Phoenix Court Works, is proud to be named as one of the top investors into UK Women-Powered businesses by J.P. Morgan Private Bank and Beauhurst!

Catch LocalGlobe’s George Henry chatting all things restaurant tech with the wonderful and mesmerising Ronen Givon of REKKI at Bits & Pretzels this Sunday! Stage: Money Pit Date: Sunday 29th September Time: 4.25pm - 4.45pm