Forward Partners becomes “UK’s largest early seed fund” with £60m raise
London-based VC firm behind Appear Here and Lost My Name is believed to be the first tech fund closed post Article 50...
Forward Partners, the venture capital (VC) firm behind successful British start-ups such as 2015 Startups Awards winning Appear Here, has raised a further £60m to support the development of more great tech businesses across the UK.
Based in London and founded in June 2013 by high-profile investor Nic Brisbourne (pictured far right), Forward Partners has claimed that the new fundraise – which follows a £21m round – earns it the title of the UK’s largest early seed fund.
It is also believed to be the first UK investment house to close a tech fund following the triggering of Article 50 on March 29.
The fund intends to support “the next generation of tech entrepreneurs” and will build out its investment portfolio – which also includes 2014 Startups Awards finalist Lost My Name; a specialist in personalised children’s books.
Nic Brisbourne, who spoke to Growing Business last year about the growth of the fund and its success in “helping businesses to scale globally”, commented:
“We’re incredibly pleased to announce this fund which we feel demonstrates the vibrancy and true potential of the UK tech industry going forwards, particularly in the wake of the Brexit speculation of the past nine months.”
Martyn Holman, Forward Partners’ investment partner, continued: “The past four years have been an incredibly exciting time for both UK tech and for Forward Partners and we’re excited to continue our investment in London and the UK.”
Read our investor interview with Forward Partners’ Brisbourne here.