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Giant Ventures , a U.K.-based VC that has made a habit of investing on both sides of the Atlantic , is launch two novel funds , totaling $ 250 million . Its previous fund add together $ 100 million .
The firm invests across clime , health and what it call “ purpose - beat back ” inauguration and some used to call “ shock ” or “ mission - driven . ”
Whatever the case , the raise lie of a new $ 100 million seed fund which will calculate to back around 25 early - stage company , while a $ 150 million climate - focused growth fund will place at Series B companies . The firm says it ’s made 10 investment so far from the two fund .
Prior to this , Giant had invested in mental wellness appCalm , carbon removal platformAgreena , British energy warehousing startupField(which has raised $ 300 million ) and wellness industry startupDoccla .
Part of Giant ’s main “ pitch ” to startups , if you will , is that it is lead by former founder and operators in a European ecosystem where92 % of European venture capitalists have never worked at a startup . The firm is led by Cameron McLain , an exited founder , and Tommy Stadlen , co - founding father of Swing Technologies ( acquire by Microsoft ) .
confessedly that has begun to change in recent years with the appearance of novel fundssuch as Plural , which is helmed by exited founders from Wise , Songkick and others . Plural lately promote a fresh € 400 million fund .
Over a call , Stadlen told me : “ one-half of this chapiter is going into European company , let in the U.K. , and then one-half of it is going into the U.S. company . So we ’re fully transatlantic . We ’ve got the great unwashed in London , where the headquarters is , but also we have common people in Copenhagen , Stockholm , New York and California . ”
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Advisory board member include former BP CEO Lord Browne , former British Foreign Secretary David Miliband and 23andme founding father Linda Avey .
Giant ’s LPs let in BMW , Henkel , RIT Capital Partners , clients of Cambridge Associates , Stepstone , Denmark ’s autonomous investiture store , The Nature Conservancy ( U.S. ) and Sir Richard Branson .
The news is not unwelcome in an environment where Britain has consistently rankednear the bottom of the G7 in recent years for all sources of secret investing in the economy .
Although several U.K. VC’ssigned up to a schemeto boost investment in startup last year , this will undoubtedly take a while to percolate through the ecosystem .
VC in Europe has been hit by a weak saving , and has been mostly vapid over the last two old age . Startup investmentslumped in 2023to $ 45 billion .
Meanwhile , North American investors are retrenching , with Omers and Coatue downgrade their activeness .
