News

London’s LocalGlobe just closed on two funds totaling $295 million

London’s LocalGlobe just closed on two funds totaling $295 million
Technology
Fast-forward and today, the firm, founded by father and son duo Robin and Saul Klein, , having secured $115 million in capital commitments for its seed fund and $180 million in capital commitments for the second fund, dubbed “Latitude,” which it says it will use to support its “winners” at the Series B and later stages.

And LocalGlobe already has a bit of a track record in supporting its growing portfolio companies, writing follow-on checks to companies like the property listings startup Zoopla and the money transfer service TransferWise , for example. (Others of the outfit’s best-known investments include the transportation app Citymapper and the SpatialOS software company Improbable .)

Still, LocalGlobe remains even more active on the pre-seed and seed-stage front, where it has funded hundreds of startups over the years. Among the very newest of these is a bet on Yapily , a two-year-old, London-based maker of an API for connecting enterprises to banks that just raised $5.4 million in seed funding co-led by LocalGlobe and HV Holtzbrinck Ventures.

Another new investment is Soda Says , a two-year-old, U.K.-based e-commerce marketplace for daily tech gadgets, from breast pumps to alarm clocks. It raised $2.5 million from investors, including LocalGlobe, late last month.
Read more on TechCrunch
News Topics :
Similar Articles :
Technology
Lindy Fishburne has spent most of the last six years heading up Breakout Labs , a San Francisco based program that’s underwritten by renowned investor Peter Thiel and that in 2011...
Technology
Real estate heavyweights clearly don’t want to be left in the dust by tech startups that see opportunities to do things more efficiently, more transparently and more affordably than has...
Technology
A little less than two years ago, we reported on Jeremy Fiance, a then 24 year old recent UC Berkeley graduate who’d just taken the wraps off his new firm, The House Fund...
Technology
Luxembourg based Mangrove Capital Partners , one of Europe’s leading early stage venture capital firms, has raised $170 million for its latest fund. Mangrove V will be used to invest across...
Technology
L.A. is getting a star turn, with the most iconic of its local startups — Snap — on the cusp of going public. Locals expect much more than an endless string...