Steven Bartlett launches £81m fund to back blockchain, biotech, space startups

Bartlett Fund

Steven Bartlett has launched his $100m (£81m) “Flight Story Fund” to invest in space, commerce, biotech, technology, blockchain and health startups.

It will invest between $1m (£810,000) -$10m (£8.1m) in high-growth businesses with potential of reaching a $1bn unicorn valuation.

Bartlett, known for his appearance on the BBC’s Dragons Den and podcast “The Diary of a CEO”, said: “Flight Story Fund connects the founders to the investment and tools they need to catapult them through their growth trajectory to accelerate their timeline to Unicorn status.”

The Flight Story Fund has been launched to “exploit” the current “dislocation and disruption” in the market, according to Bartlett.

A release announcing the fund describes its backers as the “Avengers” of European entrepreneurs.

Last August, Steven Bartlett’s web3 software company Thirdweb raised £20m in Series A capital from the likes of Coinbase Ventures and Shopify.

“I’ve been on the journey myself and now I am helping other skilled founders succeed in the same way,” added Bartlett.

“The launch of the Flight Story Fund is an invitation to Europe’s best entrepreneurs from Europe’s best companies – come and take flight with us.”

Previous ventures of Bartlett include his social media company Social Chain, which went public at a valuation of more than $600m (£486.6m), and marketing firm Flight Story.

Bartlett has made previous investments in Vivino, Isar Aerospace and Huel.