LocalGlobe x Phoenix Court Group
June 2022
- Saul Klein, with his father RobinDealroom has a profile for this one. Try Dealroom →, co-founded LocalGlobe, a prominent VC in Europe, involved in various initiatives including philanthropy in Somers Town, London.
- LocalGlobe now operates under Phoenix Court Group (PCG), which oversees four new funds and dedicates 10% of profits to the Phoenix Court Works foundation.
- PCG's $500 million funds include LocalGlobe (early stage), LatitudeDealroom has a profile for this one. Try Dealroom → (early growth stage), Solar (Series C+ and public markets), and Basecamp (investing in smaller VCs, angels, and solo GPs).
- 10% of PCG’s profit is allocated to its foundation, supporting local groups in Somers Town, and the firm is also an LP in other funds, focusing on emerging markets.
- PCG’s King’s Cross location is seen as central to a European region Klein compares to "the next Palo Alto," encompassing major cities and top universities.
- Klein highlights the region's potential in tech, noting its underserved status by investors, especially at breakout and scale-up stages.
- LocalGlobe, part of PCG, has invested in 18 unicorns primarily in Europe, including companies like At-Bay, Hailo, and TravelPerkDealroom has a profile for this one. Try Dealroom →.
- PCG's approach combines traditional VC investing with a focus on local community support and broader philanthropic activities.
Source: TechCrunch
