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Updated · Sifted · Aug 12Ex-LocalGlobe Investors Seek 1 New VC Fund
2 articles · Updated · Sifted · Aug 12Summary
- A former LocalGlobe investor team is in early talks to raise its own venture capital fund, according to Sifted.
- The move follows their departure from London-based Phoenix Court, the firm widely known by the LocalGlobe name of its seed-stage fund.
- The report points to a potential new entrant in the European VC market, though fundraising remains at an early stage and no fund size was disclosed.
Insights
What hidden conflicts in LocalGlobe's radical ownership restructuring drove its top partners to suddenly launch a rival seed fund? Will the departing Phoenix Court heavyweights disrupt the European seed market or struggle against the very empire they helped build?