LocalGlobe

growth-positive

LocalGlobe, a seed-stage investor, has raised a new fund called Latitude to invest in companies at Series B. The fund aims to address the gap in funding at the growth stages for European startups. LocalGlobe has seen companies it worked with at the seed stage, such as TransferWise, grow significantly but couldnt participate in the later funding rounds due to the size limitations of its seed fund. Latitude allows LocalGlobe to back these breakout businesses at Series B and beyond. So far, Latitude has backed 23 startups and is now raising its second fund. The fund takes a flexible approach, participating in but not leading Series B rounds and investing through secondaries. It leverages the LocalGlobe network to identify investment opportunities.

growth-positive

London Business School and LocalGlobe have launched two new executive education programs aimed at increasing diversity in the venture capital industry. The programs, called the Newton Venture Program, will provide formal business education for roles across the VC world and aim for a gender split of 50/50, with at least 50% coming from underrepresented groups. The courses will be available to anyone just starting out or mid-career professionals. The initiative is backed by a grant from Research England, and scholarships of up to 100% will be available. The program will give cohorts access to experts from top-performing global VC firms and experienced entrepreneurs. The first online program will start in April 2021.

growth-positive

London-based venture firm LocalGlobe has closed two separate funds, raising $115 million for its seed fund and $180 million for its second fund called Latitude. The funds will be used to support portfolio companies at the Series B and later stages. LocalGlobe has a track record of supporting its growing portfolio companies and remains active in the pre-seed and seed-stage front. The firm recently invested in Yapily, a London-based API maker, and Soda Says, a UK-based e-commerce marketplace.

growth-positive

The article discusses the importance of seed investors in the venture capital ecosystem, with a focus on LocalGlobe, a seed investor founded in 2002. LocalGlobe aims to take startups from seed to Series A funding and has been investing in promising young startups in the UK. The article highlights the increasing importance of seed investments as deal sizes increase and the number of VC funds focused on smaller transactions dwindles. LocalGlobe looks for the right founders and spends time understanding their skills and experiences. Seed investing has evolved in recent years, particularly in London, where there is a high-quality team deploying capital in great companies. Being a seed investor allows for early insights into innovative ideas and sectors.

growth-positive

LocalGlobe, a seed-stage venture capital firm, is launching a new separate fund called Latitude to back the most promising startups in its portfolio at the Series B stage. The fund will allow LocalGlobe to double down on its most successful investments and provide LPs with an opportunity to invest in these companies. Julian Rowe, formerly of JP Morgan, has joined Latitude as a partner. LocalGlobes existing investors are excited about the opportunity to invest in UK tech companies, and initial conversations with investors for the Latitude fund have been positive. The debut fund is looking to raise $200 million.