Latitude

Just coming back down to earth after an incredible few days at Slush with my amazing LocalGlobe and Latitude team: Ambi Mistry, Ash Arora, Tom Lambert, and Yvonne Bajela. Loved: - Sharing the Impact stage with Amanda Herson and Maciek Gnutek, discussing "Less is More: Leveraging Small Funds to Go Big." - Delving into the "State of European Deeptech," the fastest-growing VC sector in Europe. Special thanks to Dealroom.co for the insights! - Discussing ‘Building Symbiosis in LP-GP Relationships’ with our long-term partners Jonathan Biggs from Top Tier and Robert Lacher from Visionaries. - Co-hosting drinks with the phenomenal Creandum team. - Holding office hours for Founders at the earliest stages of their journeys. A massive thank you to Julius Thimm for the opportunity and to Konrad Kordowski for the tremendous effort to make this happen. And, of course, a shout-out to Simone, my best Slush Buddy! Here's to Slush 2025!

LocalGlobe and Latitude opened the doors at Slush to founders this morning and invited them to ‘Ask Me Anything’. Our partners Ambi Mistry, Ash Arora, Julia Hawkins, Tom Lambert and Yvonne Bajela loved meeting you all and leading this super interactive session on the journey from Seed to Series A. We covered everything from navigating the current fundraising landscape to developing winning growth strategies. Strong questions from our guests included: 🔎 What do you look for in the first meeting?  ☝️ How do I know if an investor is interested? 💰 How much revenue do you need to raise a pre seed? 👀 How much do you rate the importance of founder vs traction vs product? ⚠️ What are the pitfalls founders do in their first meeting with investors? Thanks to everyone who came along and contributed to what was a very frank, open and collaborative conversation. #Slush2024 #VentureCapital #FounderSupport

LocalGlobe and Latitude opened the doors at Slush to founders this morning and invited them to ‘Ask Me Anything’. Our partners Ambi Mistry, Ash Arora, Julia Hawkins, Tom Lambert and Yvonne Bajela loved meeting you all and leading this super interactive session on the journey from Seed to Series A. We covered everything from navigating the current fundraising landscape to developing winning growth strategies. Strong questions from our guests included: 🔎 What do you look for in the first meeting?  ☝️ How do I know if an investor is interested? 💰 How much revenue do you need to raise a pre seed? 👀 How much do you rate the importance of founder vs traction vs product? ⚠️ What are the pitfalls founders do in their first meeting with investors? Thanks to everyone who came along and contributed to what was a very frank, open and collaborative conversation. #Slush2024 #VentureCapital #FounderSupport

We’re thrilled to partner MetLife UK to announce Richard Hammond as our next virtual event speaker! 🏎️✨ Richard Hammond has faced not one, but two life-altering events—including a 319 mph crash that left him in a coma. Join us to hear his powerful journey of resilience and recovery. 𝙍𝙚𝙨𝙞𝙡𝙞𝙚𝙣𝙘𝙚 & 𝙍𝙚𝙘𝙤𝙫𝙚𝙧𝙮: 𝘼𝙙𝙖𝙥𝙩𝙞𝙣𝙜 𝙩𝙤 𝙇𝙞𝙛𝙚'𝙨 𝙐𝙣𝙚𝙭𝙥𝙚𝙘𝙩𝙚𝙙 𝙏𝙪𝙧𝙣𝙨 💪🏽 📅 Date: 4th December ⏰ Time: 4 pm - 4:45 pm GMT ✏ Register here ➡️ https://bit.ly/3ADXgno 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: ✅ Building a supportive culture: Learn strategies to support employees facing unexpected life challenges. ✅ Supporting recovery: How to help employees return to work after setbacks. ✅ Prioritising mental health: How to create a culture where compassion and vulnerability are encouraged. 🎟️ Reserve your spot now ➡️ https://bit.ly/3ADXgno Whether you’re an HR professional, a leader, or an advocate for workplace wellbeing, this is an unmissable opportunity to gain valuable insights. #YuLife #MentalHealth #EmployeeWellbeing #WorkLifeBalance #Resilience

Yesterday at Phoenix Court we went deep on fintech - with practical wisdom and insights from some of the most important emerging fintechs of our age. LocalGlobe, Latitude and Solar are investors in 11 fintech thoroughbreds - these are fintechs generating $100m+ revenues (some are achieving much more…). Of seven of these, we’ve seen the journey from seed via LocalGlobe (At-Bay, Cleo, Justworks, Melio, M-KOPA, Tide, Wise) while four we joined at breakout or scaleup stage via Latitude and Solar (Moove, Monzo, Rapyd, Raisin). We were joined yesterday by Cleo, M-KOPA, Moove, Raisin, Tide, Wagestream, and Wise, as well as some of the most promising from the next cohorts of scaleup fintech. The day was framed around the disconnect between muted investor appetite for fintech and the incredible progress we’re seeing within our private fintech portfolio. While public markets have gyrated from 2020-24, across our 11 fintech thoroughbreds we’ve seen >70% annual growth rates at significant scale on cumulatively several $bns of revenues. But rather than simply cheerleading for fintech yesterday, we focused on fundamentals - resulting in a series of deep, strategic and tactical discussions covering: • How European fintechs can break the US successfully with Raisin, Cleo and Tunic Pay • How legacy financial institutions can be valuable ‘frenemies’ for rapidly scaling fintechs with Tide, M-KOPA and Adyen • The inside scoop on how Wise built a true infrastructural moat, foundational to its $10bn+ success  • What public investors are looking for from fintechs today, as well as valuable tactical advice on the journey from private to public markets with Wellington Management and Pinegrove Capital Partners  • The open space that exists today where venture scale fintechs can build while ‘dancing between the feet of elephants’ with Wagestream, Super Payments, Moove and RiseUp We intend to share detailed content from each panel over the coming days and weeks. Please do contribute to the discussion. Thank you to our outstanding panelists Dr. Frank Freund, CFA, Chris Hamblin, Mayur Patel, Dr. Oliver Prill, Helin Ece Akgül, Josh Yablon, Prateek Bhide, Tingting Peng, Portman Wills and Samir Desai CBE, and our brilliant moderators Nicky Goulimis, Sandra Friis - Adyen - Vice President Sales, Harry Jell, Julian Rowe and Tamara Harel-Cohen. #Fintech #thoroughbreds #fundamentals cc Remus Brett, Julian Rowe, Tom Lambert, Yvonne Bajela

"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...

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.