Less than 1 min.Read

Firstminute Capital: Launches second $111 fund

November 30, 2020

London HQ’d Firstminute Capital has announced its second early-stage venture fund of $111m (£87m)
Firstminute’s team of 18 is based in London, Stockholm, and Berlin and now has plans to open an office in LA next year
Of note is the fact that its LPs now number 70 founders of billion-dollar businesses as investors, and that Firstminute is being so open
The existing Fund I portfolio consists of 56 companies that have collectively raised approximately $0.5bn in funding
Firstminute says half of its current portfolio companies have UK headquarters, with the remaining half split between continental Europe and North America
Furthermore successful founders often have a world-class network, useful for hiring, internationalization, and business development deals