- 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
