London’s LocalGlobe just closed on two funds totaling $295 million
|TechCrunch 12 Jun 2019 at 14:51|
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.