Latitude

Investor type Venture Capital

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 28
Average round size
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The average size of a deal this fund participated in
$69M
Portfolio companies 24
Rounds per year 14.00
Lead investments 1
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.14
Key employees 2
Stages of investment
Late Stage Venture

Areas of investment

  • Financial Services
  • Software
  • FinTech
  • Artificial Intelligence
  • Machine Learning
Summary

The leading representative office of defined VC is situated in the London. The fund was located in Europe if to be more exact in United Kingdom.

The fund is constantly included in 2-6 deals per year. The average startup value when the investment from Latitude is more than 1 billion dollars. Deals in the range of 50 - 100 millions dollars are the general things for fund. The important activity for fund was in 2019.

Among the most popular portfolio startups of the fund, we may highlight Zego, Tessian, TravelPerk. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. Among the most popular fund investment industries, there are Artificial Intelligence, Cyber Security. The fund has exact preference in some founders of portfolio startups. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United Kingdom.

The standard case for the fund is to invest in rounds with 6-7 partakers. Despite the Latitude, startups are often financed by LocalGlobe, Winton Ventures, Upscale. The meaningful sponsors for the fund in investment in the same round are Target Global, Tom Stafford, Kinnevik AB. In the next rounds fund is usually obtained by Upscale, Target Global, NatWest Bank.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Latitude:
Typical Co-investors
Latitude is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Latitude:

Funds with similar focus

Funds from United Kingdom
Funds with similar focus located in United Kingdom:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Hailo

Artificial Intelligence
Augmented Reality
Automotive
Cloud Infrastructure
Embedded Systems
Hardware
Internet of Things
Machine Learning
Semiconductor
Software
$136M12 Oct 2021 Tel Aviv-Yafo, Tel Aviv District, Israel

The Plum Guide

Marketplace
Travel
Travel Accommodations
Vacation Rental
$9M07 Oct 2021 London, England, United Kingdom

EquityBee

Financial Exchanges
Financial Services
Personal Finance
$57M29 Sep 2021 Palo Alto, California, United States

AccuRx

Computer
Health Care
Information Technology
Internet
Software
$37M15 Sep 2021 London, England, United Kingdom

Melio

B2B
Financial Services
FinTech
Health Care
Payments
$250M14 Sep 2021 Tel Aviv-Yafo, Tel Aviv District, Israel

Open

Financial Services
Insurance
$31M30 Aug 2021 Sydney, New South Wales, Australia

Rapyd

Finance
Financial Services
FinTech
Mobile Payments
Payments
$300M03 Aug 2021 London, England, United Kingdom

PriceHubble

Analytics
Artificial Intelligence
Big Data
Machine Learning
Real Estate
$34M19 Jul 2021 Zurich, Zurich, Switzerland

Tessian

Artificial Intelligence
Cyber Security
Email
Machine Learning
Professional Services
$65M25 May 2021 London, England, United Kingdom
News
Melio Raises $250M To Fuel Expansion Of Its B2B Payments Platform And Forge New Partnerships, Tripling Valuation To $4B

– Melio, a leading B2B payments platform for small businesses, today announced it has raised an additional $250m, tripling the company’s valuation to $4bn since January 2021.
– The Series D round, which comes as the company grew its monthly processing volumes by 5,000% over the last 18 months, was co-led by new investor Thrive Capital of New York, along with existing investor General Catalyst. U.S. investment firm Tiger Global Management also invested in the round, along with existing investors Accel, Bessemer, Coatue, Corner Ventures, and Latitude.
– The capital raised will accelerate the company’s expansion through partnerships with leading financial institutions, software providers, and marketplaces interested in enabling B2B payments for their customers.

Rapyd Raises $300 Million Series E to Further Enhance its Fintech as a Service Offering Amidst Unprecedented Global Adoption of Embedded Finance

– Rapyd received a $300m Series E funding round led by Target Global.
– The round was joined by several new investors including funds managed by Fidelity Management and Research Company, Altimeter Capital, Whale Rock Capital, BlackRock Funds, and Dragoneer, along with participation from existing investors: General Catalyst, Latitude, Durable Capital Partners, Tal Capital, Avid Ventures, and Spark Capital.
– Rapyd plans to use the funding to make several more strategic acquisitions to both support expansion in key markets and grow payment products and experiences. This will increase the scale of Rapyd’s platform not just across geographies, but also across verticals and solutions.

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