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Forward Partners raises £60m fund for UK tech startups


London-based VC firm Forward Partners has raised a £60m fund to invest in UK pre-Seed and Seed-stage startups.

The firm, which has backed British startups including Lost My Name, AppearHere, Thread and Big Health, was founded four years ago.

As well as investing capital in startups, Forward Partners offers it portfolio companies access to its team of marketers, recruiters, designers and developers to help them scale effectively and efficiently.

Investment partner Martyn Holman said: “The past four years have been an incredibly exciting time for both UK tech and for Forward Partners and we’re excited to continue our investment in London and the UK.”

This is the firm’s second fund, having previously raised £21m to back emerging talent within the UK startup ecosystem.

“With our second fund, Forward Partners wants to help many more founders build startups that become world-leading success stories of the future, whilst continuing to support our existing portfolio of innovative businesses,” said product partner Dharmesh Raithatha.

Back in January, Forward Partners took part in the $1.8m late Seed round raised by online men’s fashion platform Spoke. In the same month, the firm also led the $1m funding round raised by ClickMechanic, an online marketplace for car mechanics.