Firstminute Capital closes an eighty-seven million pound second fund to invest in early-stage technology start-ups
The London-based venture firm secured backing from RIT Capital Partners and seventy unicorn founders for its second early-stage vehicle.
Firstminute Capital is an early-stage venture capital firm based in London that invests in technology start-ups across Europe and the United States.
Firstminute Capital has launched its second early-stage venture fund with eighty-seven million pounds in backing from a network of global unicorn founders and institutional investors. RIT Capital Partners served as the anchor investor for the new vehicle alongside participants including Tencent, Henkel, Atomico, and Vitruvian Partners.
The firm plans to deploy the capital into early-stage technology companies across sectors such as healthcare, sustainability, and software automation, maintaining its sector-agnostic and founder-led approach.
From the founder
"In a post Covid-19 world, the line between a digital and a non-digital business has become more thin. Digital banks are now just banks, tele-health solutions are just health solutions. The technology sector has stepped up. Thanks to the rapid adoption of remote work, many business processes that had previously escaped digitisation are now becoming fully digital – and often automated. firstminute’s portfolio companies are at the forefront of this revolution."
Arek Wylegalski
Partner at firstminute capital
Investor perspective
"firstminute exists to support entrepreneurs, at the earliest stage, in creating platforms that will re-shape our world. Globally, outstanding technical minds are plotting how to solve the toughest societal and economic challenges with software. Many of these challenges have been exacerbated by the pandemic and its recession. Our healthcare systems, workplaces and educational establishments face fresh complexities. The service economy is having to re-imagine itself. The gap between financial markets and the real economy is growing wider (with the young most at risk). Start-ups are not a panacea, but emerging technology companies have a key role to play in today’s recovery strategy, both in their mindset and the products they will create. firstminute aims to be a talent magnet to star founders building the most ambitious businesses, wherever we find them."
Spencer Crawley
Founder, firstminute Capital
Investors
About the company
firstminute capital
Firstminute Capital invests in early-stage technology start-ups across Europe and the US.