Today, London-based leading seed investors LocalGlobe and its Series B sister fund, Latitude, announced to have raised $370m ($150m and $220m, respectively). The new funds will be used to double down on core markets in the UK and Europe, with a long-term view of generating world-class returns.
In the firm’s blog post, Julia Hawkins – General Partner – LocalGlobe said, “Since 2015, we have raised nearly $1bn in committed capital to invest in over 160 pre-seed and seed founders, as well as in breakout teams via our sister fund Latitude who we believe can become drivers of this next economy.”
LocalGlobe, which is predominantly focused on the UK, the seed-stage venture capital firm was founded by father and son duo Robin and Saul Klein, and one of the most active in the country.
Robin says “I would like (us) to be seen as a venture firm that reinvented venture, constantly pushed the boundaries forward and significantly contributed to its wider world and the community around it.”
In the last 12 months, LocalGlobe founders have raised over $2bn+ in follow-on funding (and over $6.5bn since 2015). The firm’s investment portfolio includes prominent names including, Yapily,Tide, Zego, Libeo and more.