Robin and Saul Klein join forces for European tech fund
Father-and-son investor duo's LocalGlobe VC fund will focus 85% of its investments into tech businesses in London
Father-and-son investor duo Robert Klein and Saul Klein have partnered to launch their own European venture capital (VC) technology fund; LocalGlobe.
Primarily, LocalGlobe will commit 85% of its funds to making seed stage investments into business in London to take advantage of the capital’s thriving tech scene.
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The remainder of the funding will be going to companies based in Cambridge, Oxford, Edinburgh, and Europe.
Two investors from Saul Klein’s former VC fund Index Ventures – Ophelia Brown and George Henry de Frahan – recently joined LocalGlobe as general partner and early stage investor respectively.
The Klein’s have been investing in London start-ups for more than 20 years, co-founding early-stage tech investment vehicle The Accelerator Group together in 1998.
Saul Klein’s son Alex Klein is also active in the start-up space as co-founder of fast-growth DIY computer kit company Kano.
Saul Klein is also one of the top 10 UK tech entrepreneurs to follow on Twitter, find out more here.