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FM

Fidelity Management & Research Company

Venture Capital

Portfolio

3

companies

By category

  • AI/ML£819M
  • FinTech£272M
  • SaaS£240M

By location

  • United States£819M
  • London£512M

Portfolio companies

C

Cazoo

Cazoo is an online used car marketplace that redefines how consumers buy, finance and lease vehicles.

N

Nscale

Neocloud provider delivering large scale GPU infrastructure for artificial intelligence workloads.

Starling Bank

Starling Bank

Starling Bank operates a fully licensed digital banking platform offering personal and business accounts.


Recent investments

Series B
£819M

The financing round was led by Aker ASA with participation from multiple international technology firms and financial institutions.

"We are building the AI-native Infrastructure platform of tomorrow. AI is reshaping industries, economies, and national strategies – but it cannot happen without the physical backbone: the data centres, the GPUs and the software to orchestrate them. We are building a vertically integrated, AI-engineered foundation designed to power the next generation of technological change, enabling industries and innovators across the globe to achieve what today feels impossible."
— Josh Payne, Founder
Series D+
£272M

The Series D round was led by Fidelity Investments alongside Qatar Investment Authority, Railpen, and Millennium Management.

"Digital banking has reached a tipping point. Customers now expect a fairer, smarter and more human alternative to the banks of the past and that is what we are giving them at Starling as we continue to grow and add new products and services. Our new investors will bring a wealth of experience as we enter the next stage of growth, while the continued support of our existing backers represents a huge vote of confidence."
— Anne Boden, Founder
Series A
£240M

The financing round was led by General Catalyst alongside several other prominent institutional investors.

"Over the past few months we have seen an acceleration in the shift from offline to online car buying as UK consumers have continued to embrace our unique and market-leading proposition. This latest funding demonstrates the conviction of some of the world’s best investors in both our business model and team as well as the UK market and gives Cazoo the firepower to deliver on our plans to provide the best possible car buying experience for UK consumers."
— Alex Chesterman, Founder & CEO