LocalGlobe

Founded 1999
Founders Robin Klein Saul Klein

Overview

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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 263
Average round size
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The average size of a deal this fund participated in
$8M
Portfolio companies 201
Rounds per year 11.95
Lead investments 53
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.23
Exits 32
Key employees 13

Areas of investment

  • Software
  • E-Commerce
  • Financial Services
  • Internet
  • FinTech
Summary

LocalGlobe appeared to be the VC, which was created in 1999. The company was established in Europe in United Kingdom. The leading representative office of defined VC is situated in the London.

Among the most popular fund investment industries, there are Software, Artificial Intelligence. For fund there is a match between the location of its establishment and the land of its numerous investments - United Kingdom. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. Among the most popular portfolio startups of the fund, we may highlight Robinhood, Improbable, TransferWise. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund.

This LocalGlobe works on 15 percentage points less the average amount of lead investments comparing to the other organizations. The higher amount of exits for fund were in 2016. The fund is constantly included in 13-24 deals per year. Speaking about the real fund results, this VC is 2 percentage points less often commits exit comparing to other organizations. The usual things for fund are deals in the range of 5 - 10 millions dollars. The average startup value when the investment from LocalGlobe is 10-50 millions dollars. The important activity for fund was in 2019.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the LocalGlobe, startups are often financed by Seedcamp, Upscale, Global Founders Capital. The meaningful sponsors for the fund in investment in the same round are Kima Ventures, Frontline Ventures, The Accelerator Group. In the next rounds fund is usually obtained by Seedcamp, Global Founders Capital, Bessemer Venture Partners.

The fund was created by Robin Klein, Saul Klein. Besides them, we counted 9 critical employees of this fund in our database.

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

SWORD Health

Health Care
Medical
Other Healthcare Technology Systems
Personal Health
Therapeutic Devices
Therapeutics
Wellness
$163M22 Nov 2021 New York, New York, United States

8fig

E-Commerce
$50M18 Nov 2021 Tel Aviv, Tel Aviv, Israel

Qogita

B2B
E-Commerce
Wholesale
$28M01 Oct 2021 London, England, United Kingdom

PayEm

Financial Services
FinTech
Payments
$7M01 Sep 2021 Tel Aviv-Yafo, Tel Aviv District, Israel

Moove Africa

$23M09 Aug 2021 Lagos, Lagos, Nigeria

Supercritical

Industrial
Software
Sustainability
$2M04 Aug 2021 London, England, United Kingdom

Vira Health

Health Care
Wellness
Women's
$2M29 Jul 2021 London, England, United Kingdom

Tide

Banking
Credit
Financial Services
FinTech
Mobile Apps
$100M12 Jul 2021 London, England, United Kingdom

Smile Identity

Apps
Financial Services
Identity Management
$7M08 Jul 2021 Oakland, California, United States
News
Gamma Launches With $7M in Seed Funding

– Gamma is a productivity suite building a replacement for slide decks.
– The company launched with $7M in Seed funding.
– The round was led by Accel, with participation from Eric Yuan, Jeff Weiner, Script Capital, South Park Commons, LocalGlobe, Afore and Hustle Fund, as well as founders at Airtable, Patreon, Segment, Honey and Optimizely.
– The company intends to use the funds to continue to build out the team and the product.

Rossum raises record $100 million Series A from General Catalyst to reinvent B2B document communication

– Rossum, the artificial intelligence company that is re-inventing the way businesses send documents to each other, has raised $100m from one of the US’s best known funds, General Catalyst in what is Eastern Europe’s largest ever Series A.
– Previous investors, including LocalGlobe, Seedcamp, Miton and Elad Gil are participating, as Rossum looks to capitalise on surging corporate demand for automation in business processes.
– Having rapidly secured market leadership in document AI technology and become the go-to software for many of Europe’s biggest companies, Rossum is creating a universal document gateway designed to help the corporate world move faster and complete transactions in minutes not weeks.

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